T
he most expensive places to live on the East Coast vary greatly from state to state, with different factors contributing to their high costs. In some areas, restrictive zoning regulations make it difficult to build new homes, driving up prices for existing properties. Other cities offer a suburban lifestyle close to major metropolitan areas like New York City or Washington, D.C., while coastal locations with beachfront property are among the most expensive in America.
Here's a look at the most expensive places to buy a home in every East Coast state:
Connecticut: Greenwich has a median home value of $2.4 million due to its proximity to NYC and high demand from wealthy individuals who work on Wall Street.
Delaware: Dewey Beach boasts a median home value of over $1.3 million, thanks to its beautiful beachside location and exciting nightlife.
Florida: Jupiter Island has a staggering median home value of $9.5 million, attracting celebrities like Celine Dion and Michael Jordan with its stunning coastal views and low taxes.
Georgia: Milton is the wealthiest city in Georgia, with a median home value of over $983,000 due to its large lots and high-end housing market.
Maine: Kennebunkport has a median home value of over $1.1 million, driven by its gorgeous coastal setting, dense tourism, and historic homes.
Maryland: Chevy Chase has a median home value of over $3.2 million, thanks to its proximity to Washington, D.C. and high quality of living.
Massachusetts: Nantucket is an extremely limited real estate market with a median home value of over $3.2 million, due to strict conservation laws and high demand from tourists.
New Hampshire: Hanover has a median home value of over $1 million, driven by its proximity to Dartmouth College and high demand for housing.
New Jersey: Deal has a median home value of over $4 million, thanks to its beautiful coastal location and high tourism.
New York: Sagaponack is known for its expensive beachfront property and high-demand vacation spots, with a median home value of over $6.7 million.
North Carolina: Wrightsville Beach has a median home value of over $2.1 million due to its small size and high demand for coastal real estate.
Pennsylvania: Villanova has a median home value of over $1.4 million, driven by its high-demand real estate market and stringent zoning laws.
Rhode Island: Newport is known as the "capital of American old money," with a median home value of over $990,000 due to its coastal location and wealthy residents.
South Carolina: Sullivans Island has a median home value of over $4 million, thanks to its limited space and beautiful beachfront properties.
Vermont: Stowe is a popular tourist destination with a median home value of over $1.05 million, driven by restrictive zoning policies and high demand for housing.
Virginia: McLean has a median home value of over $1.7 million, thanks to its proximity to Washington, D.C. and expensive estates with history.
