By Jessica Martinez · Contributing Writer, Business & FinanceEstimated proceeds by state median home value.
By Jessica Martinez · Contributing Writer, Business & FinanceHome values drive the reverse mortgage math more than any other input, and they swing hard from state to state. The table below lines up each state's median home value against an illustrative HECM draw for a 72-year-old with no remaining mortgage, plus a short note on what actually moves that number locally, a metro area running hot, a rural county running cold, or the federal lending cap stepping in.
| State | Median home value | Est. proceeds | What moves the number |
|---|---|---|---|
| Alabama | $230,000 | ~$98,700 | Modest statewide; no single metro pulls far ahead. |
| Alaska | $360,000 | ~$162,400 | Wide gap between Anchorage and the rural boroughs. |
| Arizona | $430,000 | ~$196,700 | Phoenix-area growth pushes many borrowers toward the cap. |
| Arkansas | $205,000 | ~$86,450 | Modest values, but the same federal rules apply. |
| California | $765,000 | ~$360,850 | High enough to hit the national lending cap. |
| Colorado | $545,000 | ~$253,050 | Front Range prices run well above rural Colorado. |
| Connecticut | $400,000 | ~$182,000 | Fairfield County prices above the rest of the state. |
| Delaware | $390,000 | ~$177,100 | Coastal Sussex County outpaces the inland markets. |
| District of Columbia | $650,000 | ~$304,500 | Longtime owners here often bump the federal cap. |
| Florida | $400,000 | ~$182,000 | Figure moves with local market conditions at closing. |
| Georgia | $330,000 | ~$147,700 | Metro Atlanta runs well above the statewide figure. |
| Hawaii | $840,000 | ~$397,600 | Among the highest values; the cap almost always binds. |
| Idaho | $450,000 | ~$206,500 | Boise-area growth has lifted the statewide median. |
| Illinois | $270,000 | ~$118,300 | Chicago runs high; downstate markets run lower. |
| Indiana | $240,000 | ~$103,600 | A meaningful supplement for owners on fixed income. |
| Iowa | $215,000 | ~$91,350 | Modest value, and no monthly payment either way. |
| Kansas | $230,000 | ~$98,700 | Wichita and Kansas City lead the statewide figure. |
| Kentucky | $215,000 | ~$91,350 | Louisville and Lexington run above the statewide mark. |
| Louisiana | $215,000 | ~$91,350 | Appraisal timing and the closing rate both matter. |
| Maine | $390,000 | ~$177,100 | One of the oldest populations, which lifts typical proceeds. |
| Maryland | $420,000 | ~$191,800 | DC suburbs and Montgomery County price well above. |
| Massachusetts | $600,000 | ~$280,000 | Many borrowers here approach the federal lending cap. |
| Michigan | $250,000 | ~$108,500 | Grand Rapids and Ann Arbor lead; the U.P. trails. |
| Minnesota | $340,000 | ~$152,600 | Twin Cities properties outpace greater Minnesota. |
| Mississippi | $180,000 | ~$74,200 | Lower nationally, but still real, usable liquidity. |
| Missouri | $250,000 | ~$108,500 | Kansas City and St. Louis lead rural Missouri. |
| Montana | $460,000 | ~$211,400 | Bozeman and Missoula appreciation lifts the median. |
| Nebraska | $270,000 | ~$118,300 | Omaha has outpaced what the state median shows. |
| Nevada | $440,000 | ~$201,600 | Vegas and Henderson skew well above rural Nevada. |
| New Hampshire | $460,000 | ~$211,400 | Southern NH prices track Boston commuter demand. |
| New Jersey | $520,000 | ~$240,800 | Property taxes deserve as much attention as proceeds. |
| New Mexico | $300,000 | ~$133,000 | Albuquerque and Santa Fe price above rural areas. |
| New York | $470,000 | ~$216,300 | One statewide figure hides a huge in-state range. |
| North Carolina | $330,000 | ~$147,700 | Charlotte and the Triangle have pulled away quickly. |
| North Dakota | $270,000 | ~$118,300 | Fargo and Bismarck sit above the smaller markets. |
| Ohio | $230,000 | ~$98,700 | Columbus has pulled ahead of the rest of Ohio. |
| Oklahoma | $205,000 | ~$86,450 | Among the lower-cost states by this measure. |
| Oregon | $500,000 | ~$231,000 | Portland prices start to brush against the federal cap. |
| Pennsylvania | $270,000 | ~$118,300 | Philly suburbs price well above rural Pennsylvania. |
| Rhode Island | $460,000 | ~$211,400 | Providence and Newport can run well past the median. |
| South Carolina | $300,000 | ~$133,000 | Charleston and the Lowcountry price above the Upstate. |
| South Dakota | $300,000 | ~$133,000 | Rapid City and Sioux Falls lead the rural areas. |
| Tennessee | $320,000 | ~$142,800 | Nashville's growth has outpaced the rest of the state. |
| Texas | $310,000 | ~$137,900 | No state income tax, but property taxes run high. |
| Utah | $520,000 | ~$240,800 | Wasatch Front appreciation has been fast and sustained. |
| Vermont | $390,000 | ~$177,100 | Burlington and the ski towns price above the Kingdom. |
| Virginia | $390,000 | ~$177,100 | Northern Virginia prices well above the Shenandoah Valley. |
| Washington | $600,000 | ~$280,000 | Seattle and the Eastside push toward the federal cap. |
| West Virginia | $165,000 | ~$66,850 | Lowest median on this list, still real equity. |
| Wisconsin | $290,000 | ~$128,100 | Madison and Milwaukee lead the rest of Wisconsin. |
| Wyoming | $350,000 | ~$157,500 | Jackson's resort corridor dwarfs the rest of the state. |
Each state page breaks its own numbers down further and links back to the full reverse mortgage calculator for a figure built from your own home value and age.