California's Sky-High Home Prices Drive Residents to Consider Moving Out of State
• California has the most expensive housing markets in the U.S., with median monthly mortgage costs over $2,600.
• High cost of living is driving some Californians to consider moving out of state, with 64% of CA counties having home values above the national median.
• 4 of the 5 most expensive U.S. counties for median home prices are in California, topped by Santa Clara County at over $1.5 million.
• California has been ineffective at lowering costs because not enough new homes are being built to meet demand.
• Knowing median home values by county can help families decide whether to buy or sell, as housing is a major financial asset.