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Key Takeaways
- The U.S. median home price in May was $440,000, according to new data from Realtor.com.
- With an average 30-year mortgage rate of 7.02% and 20% down, the typical monthly payment was $2,347.
- Monthly mortgage costs vary sharply by metro—from a surprisingly affordable $1,330 in Pittsburgh to a seriously pricey $7,530 in San Jose, Calif.
- Tables below break down average mortgage payments across all 50 of the largest U.S. metro areas.
The fu🔯ll article con🀅tinues below these offers from our partners.
Median Home P🌳rices Vary Sharply Across the Cou🍎ntry
The median home listing price in May was $440,000, according to Realtor.com's latest monthly report on the U.S. home buying market. That's down just slightly from May a year ago, when the median price was $442,500.
May mortgage rates, meanwhile, are currently a bit elevated. According to Zillow rate quotes🍒 for new purchase mortgages, the🧜 average 30-year rate across May was 7.02%, vs. 6.94% in April.
Assuming a 20% 澳洲幸运5官方开奖结果体彩网:down payment and the May averages above, the national averaꦰge monthly mortgage payment (principal and interest only) is $2,347.
What's Today's 30-Year Rate in Your State?
Every business day, we publish 澳洲幸运5官方开奖结果体彩网:national𒐪 rate averages for various loan types, in addition to 澳洲幸运5官方开奖结果体彩网:each state's 30-year rate average. Right now,🐓 New York, California, and Massachusetts have the lowest 30-year rates.
Average Payments Range from Under $1,400 to Over ✨$7,000
Of course, home prices and mortgage rates vary by state and market, so the mortgage payments of someone in Pittsburgh will be wildly different from those of a homeowner in the Bay Area. Here are some key May findings from ওour analysis of the 50 largest metros:
- The four most expensive markets were all in California, with the San Jose area topping the list at a $7,530 average monthly payment.
- The highest-cost metro outside of California was again Boston, at $4,690 per month, followed by Seattle at $4,253 and New York at $4,157.
- Pittsburgh earns "most affordable" honors, with the average mortgage payment coming in at just $1,330 in May. Greater Detroit comes in second at $1,440.
To compare all 50 metropolitan areas, we've listed the median home prices, average May mortgage rates, and typical monthly payments below, organized by region.
The Northeast
| Metro Area | Median Home Price (May 2025) | Average 30-Year Mortgage Rate (May 2025) | May Monthly Payment With 20% Down |
|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH | $879,000 | 7.03% | $4,690 |
| New York-Newark-Jersey City, NY-NJ | $795,000 | 6.83% | $4,157 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $634,900 | 7.08% | $3,407 |
| Providence-Warwick, RI-MA | $595,000 | 7.06% | $3,187 |
| Hartford-West Hartford-East Hartford, CT | $469,450 | 7.03% | $2,507 |
| Baltimore-Columbia-Towson, MD | $399,999 | 7.06% | $2,142 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $385,000 | 7.00% | $2,049 |
| Buffalo-Cheektowaga, NY | $299,900 | 6.83% | $1,568 |
| Pittsburgh, PA | $249,900 | 7.00% | $1,330 |
The South
| Metro Area | Median Home Price (May 2025) | Average 30-Year Mortgage Rate (May 2025) | May Monthly Payment With 20% Down |
|---|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN | $548,950 | 7.00% | $2,923 |
| Austin-Round Rock-San Marcos, TX | $525,000 | 6.98% | $2,790 |
| Miami-Fort Lauderdale-West Palm Beach, FL | $510,000 | 6.98% | $2,710 |
| Richmond, VA | $460,000 | 7.03% | $2,456 |
| Raleigh-Cary, NC | $456,695 | 6.99% | $2,429 |
| Charlotte-Concord-Gastonia, NC-SC | $450,000 | 6.99% | $2,394 |
| Dallas-Fort Worth-Arlington, TX | $440,000 | 6.98% | $2,338 |
| Orlando-Kissimmee-Sanford, FL | $429,900 | 6.98% | $2,284 |
| Atlanta-Sandy Springs-Roswell, GA | $419,900 | 7.01% | $2,237 |
| Tampa-St. Petersburg-Clearwater, FL | $417,500 | 6.98% | $2,218 |
| Virginia Beach-Chesapeake-Norfolk, VA-NC | $415,000 | 7.03% | $2,216 |
| Jacksonville, FL | $405,000 | 6.98% | $2,152 |
| Houston-Pasadena-The Woodlands, TX | $372,500 | 6.98% | $1,980 |
| Memphis, TN-MS-AR | $350,000 | 7.00% | $1,864 |
| San Antonio-New Braunfels, TX | $340,000 | 6.98% | $1,807 |
| Oklahoma City, OK | $329,875 | 7.05% | $1,764 |
| Louisville/Jefferson County, KY-IN | $326,990 | 7.03% | $1,746 |
| Birmingham, AL | $299,900 | 7.03% | $1,601 |
The Midwest
| Metro Area | Median Home Price (May 2025) | Average 30-Year Mortgage Rate (May 2025) | May Monthly Payment With 20% Down |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $446,000 | 7.03% | $2,381 |
| Kansas City, MO-KS | $410,073 | 7.03% | $2,190 |
| Milwaukee-Waukesha, WI | $399,500 | 7.04% | $2,136 |
| Grand Rapids-Wyoming-Kentwood, MI | $399,900 | 7.02% | $2,133 |
| Columbus, OH | $389,900 | 7.03% | $2,081 |
| Chicago-Naperville-Elgin, IL-IN | $379,900 | 7.04% | $2,029 |
| Cincinnati, OH-KY-IN | $354,975 | 7.03% | $1,895 |
| Indianapolis-Carmel-Greenwood, IN | $331,500 | 7.03% | $1,770 |
| St. Louis, MO-IL | $299,900 | 7.03% | $1,602 |
| Cleveland, OH | $275,000 | 7.03% | $1,468 |
| Detroit-Warren-Dearborn, MI | $270,000 | 7.02% | $1,440 |
The West
| Metro Area | Median Home Price (May 2025) | Average 30-Year Mortgage Rate (May 2025) | May Monthly Payment With 20% Down |
|---|---|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $1,419,500 | 6.97% | $7,530 |
| Los Angeles-Long Beach-Anaheim, CA | $1,195,000 | 6.97% | $6,340 |
| San Francisco-Oakland-Fremont, CA | $998,800 | 6.97% | $5,299 |
| San Diego-Chula Vista-Carlsbad, CA | $995,000 | 6.97% | $5,279 |
| Seattle-Tacoma-Bellevue, WA | $799,000 | 7.00% | $4,253 |
| Sacramento-Roseville-Folsom, CA | $639,000 | 6.97% | $3,390 |
| Portland-Vancouver-Hillsboro, OR-WA | $610,707 | 7.02% | $3,258 |
| Denver-Aurora-Centennial, CO | $600,000 | 7.01% | $3,197 |
| Riverside-San Bernardino-Ontario, CA | $600,000 | 6.97% | $3,183 |
| Phoenix-Mesa-Chandler, AZ | $525,000 | 7.03% | $2,803 |
| Las Vegas-Henderson-North Las Vegas, NV | $484,999 | 7.06% | $2,597 |
| Tucson, AZ | $398,000 | 7.03% | $2,125 |
How We Track Mortgage Rates
The national and state averages cited above are provided as is via the Zillow Mortgage API, assuming a 澳洲幸运5官方开奖结果体彩网:loan-to-value (LTV) ratio of 80% (i.e., a down payment of at least 20%) and an applicant credit score in the 680–739 range. The resulting rat🥃es represent what borrowers should expect when receiving quotes from lenders based on their qualifications, which may vary from advertised teaser rates. © Zillow, Inc., 2025. Use is subject to the Zillow Terms of Use.
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