Go Midwest, young man?

Julius Probst directed me to this interesting map:

When looking at a graph, I often find it useful to consider more than one factor.  In this case, I see evidence of three independent factors at work:

1. Densely populated places are more expensive.

2. Fast growing places are more expensive.

3. Heavily regulated places are more expensive.

Let’s consider these one at a time.  California and the Northeast corridor (DC to Boston) are both well above average in terms of median home prices.