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U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
Land may be scarce locally, but urban land area is only 2.6% of the total land area in the United States. [ 8 ] Easing land restrictions: Increasing prices put pressure on the government to ease restrictions on land in terms of how much can be built on a particular amount of land and also the amount of land available for development.
Accession Date Area (sq.mi.) Area (km 2.) Cost in dollars Original territory of the Thirteen States (western lands, roughly between the Mississippi River and Appalachian Mountains, were claimed but not administered by the states and were all ceded to the federal government or new states by 1802)
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Overall, in the calendar year 2024, the United States' Nominal GDP at Current Prices totaled at $29.017 trillion, as compared to $25.744 trillion in 2022. The three U.S. states with the highest GDPs were California ($4.080 trillion), Texas ($2.695 trillion), and New York ($2.284 trillion).
Map of all federally owned land in the United States. Most of the public land managed by the US Forest Service and Bureau of Land Management is in the Western states. Public lands account for 25 to 75 percent of the total land area in these states. [1] The US Forest Service alone manages 193 million acres (780,000 km²) nationwide, or roughly 8 ...
In January 2020, the median home price was $290,499 – nearly 45% lower than the median home price in May 2023. [7] For households earning 30% of the county's median income, most counties in the United States do not have rental housing considered affordable to at least half that income segment (one-third of 30% of median). [8]
In 2000, Florenz Plassmann and Nicolaus Tideman wrote [23] that when comparing Pennsylvania cities using a higher tax rate on land value and a lower rate on improvements with similar sized Pennsylvania cities using the same rate on land and improvements, the higher land value taxation leads to increased construction within the jurisdiction.