These 10 states offer homebuyers and sellers the most stable housing markets in America

Tight inventories and higher than average interest rates have put a damper on the housing market, but there are pockets of strength in some states (something worth watching)

However, In contrast, CNBC measures the health of each state’s housing market each year as part of the annual America’s Top States for study

Nevertheless, States are scored based on the overall balance of their housing market, including inventory, affordability, and price appreciation

These have been challenging times for buyers and sellers a

Moreover, Mortgage rates have moderated in recent months, but they are still roughly twice where they were before the pandemic

Inventories have begun to grow, but prices are still up 60% since 2019, according to the Harvard Joint Center for Housing Studies

Single-family median price of $412,500 at the end of 2024 was five times the median household income, signaling an affordability crisis that the Harvard reers deemed "shocking (noteworthy indeed). "Meanwhile, existing sales last year hit a 30-year low; builders are slashing prices at the highest rate in years; and they are doing so at a time when nearly one-third of housing nationally are experiencing declining prices (remarkable data)

Because companies looking to attract the best workforce consider the housing market when deciding where to locate, we measure the market as part of the study's Economy category — the most important category under our this year's methodology

To identify the healthiest housing, we looked for a balance of affordability and value

We considered price appreciation year over year and seller gains, as well as affordability, perty taxes, inventory, and housing starts

However, We also looked for signs of stress, foreclosure activity and underwater mortgages

These ten states offer relative stability to owners in a turbulent real estate market

HawaiiHouses on Lanikai beach in Oahu, Honolulu, Hawaii

Furthermore, But there are a few things to be said for Hawaii

Moreover, Inventory is among the best in the country, in today's financial world

However, Price appreciation slowed last year, but sellers can make good money over time

The average gain last year was 86%, according to real estate data firm ATTOM, compared to an average 53. 8% fit nationally

Andrew Lichtenstein | Corbis News | Getty ImagesAn analysis in December from the Pioneer Institute found New Hampshire is the third most destination for people fleeing the high costs in neighboring Massachusetts (this bears monitoring), in this volatile climate

Furthermore, Prices are increasing steadily according to the Federal Housing Finance Agency, and sellers are enjoying healthy gains, according to ATTOM, in light of current trends

On the other hand, New Hampshire does have an affordability blem, however (remarkable data)

Moreover, 42Effective perty Tax Rate: 1, given current economic conditions

Nevertheless, South DakotaFrontier outside Custer State Park, South Dakota

Visions Of America | Universal Images Group | Getty ImagesThe Mount Rushmore State is a rock of stability as far as its housing market is concerned

South Dakota has ample inventory, and foreclosure activity is minimal, considering recent developments

IdahoA in a residential neighborhood in Moscow Idaho

Ucg | Universal Images Group | Getty ImagesThe Gem State is attracting lots of working age adults, which helps explain why Idaho leads the nation in housing starts, according to Census data, considering recent developments

The state is having mixed results keeping up with that demand

Inventory is tight with only three months of supply available

But it is slightly higher than it was a year ago, with a nearly 8% increase in s for sale, according to Redfin

Moreover, They're still on the pricey side, however

Furthermore, 7 (Top States Grade: B)Appreciation: 6

Moreover, 31Effective perty Tax Rate: 0

Furthermore, North CarolinaFlat Rock, North Carolina, townhouses apartment complex under construction, aerial view with Blue Ridge Mountains

On the other hand, Jeff Greenberg | Universal Images Group | Getty Imagesbuyers are making tracks to the Tar Heel State, and that is keeping builders busy

However, Price appreciation statewide is relatively muted, but sellers are still seeing a decent return on their investments, in today's financial world

However, 3 (Top States Grade: A–)Appreciation: 4

In contrast, Queen Creek is one of the fastest growing communities in Arizona

Mario Tama | Getty ImagesThe Grand Canyon State's booming growth is helping to fuel a housing construction boom (something worth watching)

Arizona ranks fourth in housing starts, according to Census data (this bears monitoring)

Moreover, That's helping the state maintain a decent amount of inventory, even as new residents pour in

But it may also be dampening seller fits, with price appreciation among the lowest in the country

Nevertheless, George Rose | Getty Images News | Getty Imagesowners in the Silver State pay among the lowest perty taxes in the nation

One reason is that un most states, where the value of a for perty tax purposes resets when the is sold, buyers in Nevada inherit the previous valuation

Conversely, This system has repeatedly come under attack amid school funding shortfalls, but legislators left it alone again this year

Moreover, MontanaGardiner, Montana, a small town outside of Yellowstone National Park

On the other hand, James Leynse | Corbis Historical | Getty ImagesBig Sky Country was a big recipient during the Great Migration during and after the pandemic, and people are still moving there

On the other hand, Inventory is starting to shrink a bit, but there is an ample supply of s to buy

Prices have begun leveling off, but appreciation is still strong

Montana does have affordability issues, however (noteworthy indeed)

That's among the highest percentages in the nation

TennesseeA new housing development under construction in Gallatin, Tennessee, U

Seth Herald | Bloomberg | Getty Images sellers did exceedingly well last year in the Volunteer State, notching an 87% gain over the previous sale price, according to ATTOM

Tennessee owners also enjoy one of the lowest effective perty tax rates in the country, according to ATTOM

VermontCharming red house flanked by autumn foliage in Bridgewater, Vermont

Furthermore, John Greim | Lightrocket | Getty ImagesThe Green Mountain State is America's best housing market, with a healthy supply of s for sale

While inventories have begun to tighten as buying season hits its peak, the number of s for sale in Vermont is up more than 19% from a year ago, according to Redfin

That's good for buyers, but sellers can feel good one of the best price appreciation rates in the nation (noteworthy indeed), amid market uncertainty

On the other hand, Perty taxes are on the high side, according to ATTOM. 2025 Economy Rank: No, amid market uncertainty