'30% Less Than Blue': Swing State Home Prices Align With Red States, Says Realtor.com

Housing prices in key battleground states track much closer to conservative-leaning states than liberal ones, according to research from Realtor.com examining real estate trends since the 2020 election.

The analysis of seven swing states – Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin – found median listing prices averaging $216 per square foot over the past year, well below the $322 average in blue states while hovering just above the $192 seen in red states.

Don't Miss:

• This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
• Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.

“When it comes to home prices, swing states have mirrored red states much more than blue states over the past four years,” Realtor.com senior economist Ralph McLaughlin was quoted in the report. The data shows swing state prices running 30% to 40% below blue state levels but only 10% to 20% above red states.

Price growth in the much-contested states has followed a middle path since 2020. From October 2020, swing state listing prices rose 35% on a square-foot basis, compared to 24% in red states and 40% in blue states.

The median listing price in swing states is $399,000, between red states at $371,129 and blue states at $554,321.

Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." These high-yield real estate notes that pay 7.5% – 9% make earning passive income easier than ever.

Realtor noted that the price patterns align with broader demographic trends, as swing states typically occupy a middle ground in key metrics like urbanization, education levels and wages. A separate Realtor.com analysis from May found housing affordability in swing states closely tracking the national average.

Housing policy has become a campaign issue, with Vice President Kamala Harris proposing builder tax credits to create three million new homes and $25,000 in down-payment assistance for first-time buyers.

Former President Donald Trump’s housing proposals center on immigration restrictions and deregulation. His platform includes preventing undocumented immigrants from accessing mortgages. According to previous Benzinga reporting, the policy could have broader implications for construction costs, as immigrants make up about 20% of the construction workforce.

See Also: ‘Beating the market through ethical real estate investing' — this platform aims to give tenants equity in the homes they live in while scoring 17.38% average annual returns for investors – here’s how to join with just $100

The former president’s plan also targets zoning regulations, which he identifies as a key barrier to new housing development. His proposed reforms would streamline environmental requirements and permit processes that he says currently impede builders and drive up costs.

According to McLaughlin, if the price growth seen in home prices since the last election matters to voters, "it implies that swing state voters may have federal housing policy on their minds much less than voters in blue states but perhaps a little more than voters in red states,” he said.

Read Next:

• Invest in $20+ trillion home equity market today across cities like Austin, Miami, and Los Angeles through a unique 5-year term fund targeting a 14-20% IRR with minimums as low as $2,500
• These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends