Traditional Republican areas Montana and Idaho are deemed to have the least affordable housing markets, according to a Realtor.com analysis, amid an inflow of new residents who are competing for a limited supply of homes that is contributing to high house prices.Realtor.com named Montana 51st and worst regarding affordability , just below Idaho at 50th. Both states have voted Republican in the last six presidential elections.Realtor.
The median list price has risen to $649,000 as of April 2024, a jump of $300,000 compared to the pre-COVID levels in February 2020, according to Federal Reserve Economic Data. At the same time, the median household income as of 2022 was more than $67,000. Idaho had a median list price for a home in April at a little more than $573,000 from February 2020's value of $370,000. The median household income is close to $73,000.