The data revealed that the state with the smallest increase in house prices is North Dakota. There has been just a 22.7% increase in house prices in the past five years in North Dakota. The average house price in the state is currently $238,509.

Louisiana has seen the second lowest increase in house prices out of all fifty states. The average house price in Louisiana is now $186,795 after increasing 23.6% in the past five years.

The state with the third lowest increase in house prices is Alaska. The average house price in Alaska is $336,015 after increasing 26.7% since 2018.

In Maryland, there has been a 33.9% rise in house prices over the last five years, making the state have the fourth smallest increase in house prices. House prices in Maryland currently average at $382,154.

Mississippi has the fifth lowest increase in house prices, rising 36.7% to an average of $163,052 in the past five years.

Illinois and New York rank sixth and seventh respectively. Illinois house prices have risen 37.3% in the past five years, the sixth lowest increase of any state. In New York, there has been a 39.3% rise in house prices over the past five years, with New York house prices currently sitting at an average of $629,516.

Connecticut follows closely behind New York, as the state with the eighth smallest increase in house prices. The average house price in Connecticut is $350,651 as of 2023 after rising 39.4% in the past five years.

West Virginia has had the ninth lowest increase in house prices, rising 40.0% in the past five years to an average of $144,330. Massachusetts ranks as the state with the tenth smallest increase in house prices in the past five years, rising by 40.9%.

At the other end of the spectrum, Idaho saw the steepest hike in housing prices at 90.9% with average home prices sitting at $426,606, followed by Montana at 79.4% with average home prices at $430,528. Georgia’s home prices have escalated by 76.5% with average prices at $301,978, New Mexico home prices rose by 76.2% with homes averaging at $272,195. And average home prices in Tennessee rose 75.8% to $291,334; In Arizona, house prices average $409,196 after rising 74.6% tin five years. Florida saw hikes in average home prices of 73.5% to $377,816.

The states with the highest average home prices in the nation are Hawaii at $826,348, New York at $629,516, Washington at $553,846, Massachusetts at $545,865 and Colorado at $529,219.