The cost to buy a house varies widely depending on location, home price, and associated expenses, but here are some key figures and factors for 2025:

• In the United States, the median existing home price is around $403,700 to $419,200, with forecasts expecting moderate price increases in the coming years

. For example, the median home price was $403,700 with a 6.71% average mortgage rate in April 2025

• In lower-cost U.S. states like West Virginia, average house prices can be as low as approximately $146,578, while prices in other states are significantly higher

• Upfront costs include the down payment (typically 3% to 20% of the purchase price), closing costs (3% to 6% of the loan amount), and other fees such as appraisal, inspection, and title insurance. For a $400,000 home, down payment could range from $12,000 to $80,000, and closing costs might add several thousand dollars more

• Ongoing costs after purchase include mortgage payments, property taxes, insurance, utilities, and maintenance

• In the UK, the average house price is about £268,000 as of early 2025, with typical deposits around 10% (£27,000) and mortgage interest rates around 4.5%, influencing monthly repayments

• In Luxembourg, buying a house can require a substantial down payment and high monthly installments, with examples showing monthly payments around €4,600 requiring a net salary of about €10,500

Summary of Typical Costs (Example for a $400,000 Home in the U.S.):

Cost Type| Typical Amount
---|---
Down payment| $12,000 – $80,000 (3%-20%)
Closing costs| 3% – 6% of loan amount
Earnest money| 1% – 2% of purchase price
Moving costs| $1,000 – $7,000
Monthly mortgage| Varies by loan and rate (~$2,300 for $400k loan at 6.7%)
Property taxes & insurance| Additional ongoing costs

Overall, buying a house in 2025 requires careful budgeting for both upfront and ongoing expenses, with median home prices around $400,000 in the U.S. and varying significantly by region