Typical home values in the U.S. vary widely by state, with affordability measured by the percentage of median household income relative to home value. States like West Virginia and Mississippi have the most affordable housing, with home values well below the national average and households covering around 30% of home value annually. In contrast, states like Hawaii and California have the least affordable markets, with home values more than double the national average and households covering just 11-12% of home value.