How Much the Average Condo Costs in All 50 States

Looking to make a real estate investment? A condo could be a good choice. Condos are not only a single unit in a larger building, but also generally less expensive than a single-family home. Here are additional advantages to a condo, as well as how much the average condo costs in all 50 states.

Advantages to Condos

You can purchase a condo as a vacation home, and rent it out during the seasons you aren’t there, which will provide you with passive income. Condos usually have lower insurance rates, as the coverage doesn’t involve the entire structure like it would with a duplex. Because outdoor maintenance is overseen by the homeowner’s association (HOA), you really only need to concern yourself with the interior.

Not needing to worry about the exterior can make for a simpler investment, particularly if you’re a first-time homebuyer. You also have the benefit of shared amenities that you don’t have to pay for, but are likely part of the HOA fee. Condominiums can also provide you the benefit of staff and security. If you are someone who appreciates being within a gated area for your peace of mind, this is something to consider.

Average Condo Price: $344,066

Average Take-Home Salary: $43,447

Average Condo Price: $211,411

Average Take-Home Salary: $64,221

Average Condo Price: $286,914

Average Take-Home Salary: $52,786

Average Condo Price: $232,519

Average Take-Home Salary: $41,352

Average Condo Price: $660,626

Average Take-Home Salary: $62,525

Average Condo Price: $413,926

Average Take-Home Salary: $61,090

Average Condo Price: $269,537

Average Take-Home Salary: $62,387

Average Condo Price: $414,158

Average Take-Home Salary: $55,332

Average Condo Price: $307,612

Average Take-Home Salary: $51,200

Average Condo Price: $293,950

Average Take-Home Salary: $50,232

Average Condo Price: $576,898

Average Take-Home Salary: $63,318

Average Condo Price: $414,963

Average Take-Home Salary: $49,401

Average Condo Price: $236,714

Average Take-Home Salary: $55,196

Average Condo Price: $223,701

Average Take-Home Salary: $49,366

Average Condo Price: $177,024

Average Take-Home Salary: $50,455

Average Condo Price: $194,821

Average Take-Home Salary: $50,109

Average Condo Price: $206,262

Average Take-Home Salary: $44,069

Average Condo Price: $164,984

Average Take-Home Salary: $43,230

Average Condo Price: $431,115

Average Take-Home Salary: $49,016

Average Condo Price: $289,363

Average Take-Home Salary: $67,883

Average Condo Price: $526,528

Average Take-Home Salary: $65,919

Average Condo Price: $264,200

Average Take-Home Salary: $49,516

Average Condo Price: $217,853

Average Take-Home Salary: $58,405

Average Condo Price: $242,117

Average Take-Home Salary: $39,502

Average Condo Price: $217,441

Average Take-Home Salary: $48,320

Average Condo Price: $437,505

Average Take-Home Salary: $47,152

Average Condo Price: $227,222

Average Take-Home Salary: $51,573

Average Condo Price: $257,073.

Average Take-Home Salary: $53,950

Average Condo Price: $379,565

Average Take-Home Salary: $66,446

Average Condo Price: $405,377

Average Take-Home Salary: $67,256

Average Condo Price: $274,097

Average Take-Home Salary: $43,554

Average Condo Price: $598,743

Average Take-Home Salary: $56,897

Average Condo Price: $291,886

Average Take-Home Salary: $48,044

Average Condo Price: $186,822

Average Take-Home Salary: $54,925

Average Condo Price: $209,164

Average Take-Home Salary: $50,208

Average Condo Price: $129,707

Average Take-Home Salary: $45,431

Average Condo Price: $334,634

Average Take-Home Salary: $51,380

Average Condo Price: $250,334

Average Take-Home Salary: $53,212

Average Condo Price: $363,973

Average Take-Home Salary: $57,698

Average Condo Price: $279,889.

Average Take-Home Salary: $46,048

Average Condo Price: $259,852

Average Take-Home Salary: $52,707

Average Condo Price: $331,104,

Average Take-Home Salary: $48,900

Average Condo Price: $254,200

Average Take-Home Salary: $55,100

Average Condo Price: $405,957

Average Take-Home Salary: $59,530

Learn More: ​​

Average Condo Price: $367,440

Average Take-Home Salary: $52,631

Average Condo Price: $337,807

Average Take-Home Salary: $60,333

Average Condo Price: $447,887

Average Take-Home Salary: $65,707

Average Condo Price: $170,689

Average Take-Home Salary: $40,539

Average Condo Price: $265,941

Average Take-Home Salary: $52,307

Average Condo Price: $495,563 

Average Take-Home Salary: $55,579

Methodology: In order to find the average condo price per state, GOBankingRates analyzed each U.S. state for a variety of factors including; average take home salary sourced from The Census Bureau, median home price by Forbes, condo and home data from Zillow, and various data from SoFi and other sources. All data was collected and is up to date as of June 28, 2024.