Nine of the ten states with the fastest-growing home values have embraced cannabis legalization, either recreationally or medicinally. Meanwhile, nine of the ten slowest-growing states have not legalized recreationally.
From 2009 to 2024, home values increased by $60,327 more in states where recreational marijuana is now legal than where it is illegal, according to a new report from Clever Offers, a platform owned by Clever Real Estate that allows home sellers on tight timelines to explore their selling options.
In 2024, the typical home in a recreational state was worth $447,635 – about 39% or $126,731 more than in non-recreational states ($320,904).
States with legal recreational cannabis have seen home values climb by $222,958 over the past 15 years, compared to $162,631 in states where it is illegal – a $60,327 difference.
Of the ten states with the highest home value increases since 2009, all but one, Idaho, have legalized cannabis in some form:
— California ($492,520 increase in home values since 2009)
— Hawaii ($446,247)
— Washington ($342,414)
— Massachusetts ($340,127)
— Colorado ($336,774)
— Utah ($320,372)
— Idaho ($300,309)
— Nevada ($296,493)
— Oregon ($275,826)
— New Hampshire ($273,238)
Conversely, nine of the ten states with the lowest home value growth over the past 15 years have not legalized recreational cannabis, with Illinois being the only recreationally legal state on the list:
— Louisiana ($46,820)
— West Virginia ($67,214)
— Mississippi ($69,036)
— Arkansas ($94,646)
— Oklahoma ($100,226)
— Iowa ($102,538)
— Alabama ($103,466)
— Illinois ($103,955)
— Kentucky ($106,230)
— North Dakota ($108,117)
Similarly, homes in states where medicinal marijuana is now legal are currently worth about $390,117 – about 18% more than homes in states where cannabis is illegal ($329,850).
From 2009 to 2024, medicinal states' home values climbed by $22,185 more than illegal states' home values ($194,813 vs. $172,628 growth, respectively).
Had Ohio, Minnesota, and Delaware – the latest to legalize – done so when the first states, Colorado and Washington, did, their projected home values could be $96,890 higher on average today.
Read the full report at: https://cleveroffers.com/research/cannabis-legalization-and-home-values-2025
About Clever OffersClever Offers is a platform that empowers sellers who need to sell quickly or for cash to compare their options and make informed decisions. Clever Offers' free service connects sellers with vetted cash buyers and top local realtors, allowing them to evaluate traditional cash offers alongside options such as cash offers with a second payment upon resale, listing on the MLS for as little as 7 days, and standard open-market listings.
About CleverClever Real Estate's content reaches over 10 million readers annually, and its nationwide agent matching service has a 5.0-star Trustpilot rating across 3,500+ customer reviews. Since launching in 2017, Clever has reached $13.5 billion in real estate sold, matched 168,000+ customers with realtors, and saved consumers over $200 million on commission fees. Clever's network spans 17,000 agents across all 50 states.
Media Contact Alyssa EvansClever Real Estate315-690-1518 398017@email4pr.com
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SOURCE Clever Real Estate
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