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    You are at:Home»Market Trends»Homes in the Snowiest States Cost Nearly $57k More Than Those with the Least Snow

    Homes in the Snowiest States Cost Nearly $57k More Than Those with the Least Snow

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    By Brad Beckett on January 3, 2023 Market Trends

    lending tree logoCould this be called a “snow premium?”  A recent report from LendingTree (citing U.S. government data) compared the cost of median-priced homes in the states that got the most and least amount of snow in December, 2021.  Interestingly, they found that median-priced homes in the states with the most snow are more expensive, on average, than median-priced homes in the states with the least snow.  Indeed…

    “As our study illustrates — barring exceptions like Hawaii and California — buying a home in a snowy state is likely to cost more than doing so in a warmer part of the country. That said, certain factors can make living in a state that sees a lot of snow each year logistically challenging and expensive.”

    Some key points:

    • Median home values in the 14 states that got the most snow in are $56,814 more, on average.
    • Alaska, Idaho and Utah recorded the highest snowfall amounts last December.
    • As in snowier states, home values vary significantly in the states that reported the least snowfall.

    Click here to read the full report at LendingTree.

     

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    Brad Beckett
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