Analyse US House & Home Prices

Developement of US house prices

What’s Your Home Worth Today?
Browse by city to discover the average value of your home. We analyze millions of market data points to calculate value ranges for different types of properties. Over the past 20 years, the U.S. housing market has gone through several major cycles. Prices have risen, fallen, and risen again. Like many other real estate markets, it was heavily affected by the global financial crisis, which originated in the U.S. banking sector. U.S. real estate lenders, in particular, were hit hard. However, the recovery came quickly, and today’s market sits roughly 50% above 2009 levels. Still, home prices vary significantly from city to city.

House prices by neighborhoods

Barley Sheaf Flemington, NJ	282 $ / ft²
Alden Street Cemetery Provincetown, MA	1070 $ / ft²
Beechhurst Whitestone, NY	507 $ / ft²
Perry Center Perry, NY	234 $ / ft²
Coopers Falls De Kalb Junction, NY	153 $ / ft²
Belvidere Belmont, NY	152 $ / ft²
Airport Road corridor Hyannis, MA	263 $ / ft²
Edgewater at Oakmont Oakmont, PA	73 $ / ft²
Mamont Murrysville, PA	78 $ / ft²
Wanakah Lake View, NY	188 $ / ft²

Alaska

Anchorage, Anchorage
Fairbanks, Fairbanks North Star
Copper Center, Valdez Cordova
Jber, Anchorage
Alakanuk, Wade Hampton
Saint George Island, Aleutians West
Kwigillingok, Bethel
Nunapitchuk, Bethel
Saint Michael, Nome
Tatitlek, Valdez Cordova

Alabama

Birmingham, Jefferson
Mobile, Mobile
Orange Beach, Baldwin
Montgomery, Montgomery
Huntsville, Madison
Gadsden, Etowah
Madison, Limestone
Equality, Coosa
Tuscaloosa, Tuscaloosa
Anniston, Calhoun

Arkansas

Little Rock, Pulaski
Eureka Springs, Carroll
Bella Vista, Benton
North Little Rock, Pulaski
Jonesboro, Craighead
Fort Smith, Sebastian
Pine Bluff, Jefferson
Arkadelphia, Clark
Conway, Faulkner
Fayetteville, Washington

Arizona

Phoenix, Maricopa
Tucson, Pima
Scottsdale, Maricopa
Queen Creek, Maricopa
Tempe, Maricopa
Mesa, Maricopa
Chandler, Maricopa
Laveen, Maricopa
Glendale, Maricopa
San Tan Valley, Pinal

California

San Diego, San Diego
Los Angeles, Los Angeles
Palm Springs, Riverside
Carlsbad, San Diego
Palm Desert, Riverside
Malibu, Los Angeles
Valencia, Los Angeles
Long Beach, Los Angeles
La Quinta, Riverside
Encinitas, San Diego

Colorado

Denver, Denver
Fort Collins, Larimer
Colorado Springs, El Paso
Broomfield, Broomfield
Fountain, El Paso
Aurora, Arapahoe
Johnstown, Weld
Littleton, Arapahoe
Pine, Jefferson
Pueblo, Pueblo

Connecticut

Greenwich, Fairfield
Waterbury, New Haven
Bridgeport, Fairfield
Hartford, Hartford
Stamford, Fairfield
Norwalk, Fairfield
Canton, Hartford
New Haven, New Haven
Unionville, Hartford
Broad Brook, Hartford

District of Columbia

Washington, District of Columbia
Naval Anacost Annex, District of Columbia

Delaware

Middletown, New Castle
Wilmington, New Castle
Newark, New Castle
Dover, Kent
Saint Georges, New Castle
Felton, Kent
Marydel, Kent
Claymont, New Castle
Bethany Beach, Sussex
Harrington, Kent

Florida

Miami, Miami Dade
Jacksonville, Duval
Tampa, Hillsborough
Fort Lauderdale, Broward
Orlando, Orange
Kissimmee, Osceola
Naples, Collier
West Palm Beach, Palm Beach
Gainesville, Alachua
Sarasota, Sarasota

Georgia

Atlanta, Fulton
Decatur, DeKalb
Saint Simons Island, Glynn
Savannah, Chatham
Fort Benning, Chattahoochee
Macon, Bibb
Rome, Floyd
Lilburn, Gwinnett
Stone Mountain, DeKalb
Augusta, Richmond

Hawaii

Wailuku, Maui
Honolulu, Honolulu
Kapaa, Kauai
Schofield Barracks, Honolulu
Mountain View, Hawaii
Jbphh, Honolulu
Kurtistown, Hawaii
Hanapepe, Kauai
Kailua Kona, Hawaii
Kualapuu, Maui

Iowa

Des Moines, Polk
Cedar Rapids, Linn
Davenport, Scott
Iowa City, Johnson
Ankeny, Polk
Ames, Story
Dubuque, Dubuque
Waterloo, Black Hawk
Melcher Dallas, Marion
Urbandale, Polk

Idaho

Hayden, Kootenai
Boise, Ada
Pocatello, Bannock
Idaho Falls, Bonneville
Wallace, Shoshone
Kellogg, Shoshone
Nampa, Canyon
Meridian, Ada
Sun Valley, Blaine
Coeur D Alene, Kootenai

Illinois

Chicago, Cook
Arlington Heights, Cook
Streamwood, Cook
Oak Lawn, Cook
Peoria, Peoria
Rockford, Winnebago
East Saint Louis, St. Clair
Channahon, Will
Springfield, Sangamon
North Aurora, Kane

Indiana

Indianapolis, Marion
Fort Wayne, Allen
Carmel, Hamilton
Bloomington, Monroe
South Bend, St. Joseph
Evansville, Vanderburgh
Gary, Lake
Terre Haute, Vigo
Anderson, Madison
Muncie, Delaware

Kansas

Wichita, Sedgwick
Topeka, Shawnee
Kansas City, Wyandotte
Overland Park, Johnson
Shawnee, Johnson
Lawrence, Douglas
Lenexa, Johnson
Leawood, Johnson
Manhattan, Riley
Mission, Johnson

Kentucky

Louisville, Jefferson
Lexington, Fayette
Elizabethtown, Hardin
Middlesboro, Bell
Bowling Green, Warren
Calvin, Bell
Newport, Campbell
Covington, Kenton
London, Laurel
Paducah, McCracken

Louisiana

New Orleans, Orleans
Baton Rouge, East Baton Rouge
Prairieville, Ascension
Shreveport, Caddo
La Place, St. John the Baptist
Metairie, Jefferson
Lafayette, Lafayette
Kenner, Jefferson
Lake Charles, Calcasieu
Monroe, Ouachita

Massachusetts

Boston, Suffolk
Brookline, Norfolk
Wellesley Hills, Norfolk
Longmeadow, Hampden
Springfield, Hampden
Somerville, Middlesex
Auburndale, Middlesex
Dorchester, Suffolk
North Easton, Bristol
Pembroke, Plymouth

Maryland

Baltimore, Baltimore
Severna Park, Anne Arundel
Lutherville Timonium, Baltimore
Columbia, Howard
Essex, Baltimore
Earleville, Cecil
Kensington, Montgomery
Hanover, Anne Arundel
Silver Spring, Montgomery
Solomons, Calvert

Maine

Topsham, Sagadahoc
Bridgton, Cumberland
Westbrook, Cumberland
Bethel, Oxford
Portland, Cumberland
Greenbush, Penobscot
Sebec, Piscataquis
Northeast Harbor, Hancock
Orono, Penobscot
Acton, York

Michigan

Detroit, Wayne
West Bloomfield, Oakland
Grand Rapids, Kent
Glen Arbor, Leelanau
Lansing, Ingham
Novi, Oakland
Flint, Genesee
Kalamazoo, Kalamazoo
Livonia, Wayne
Boyne City, Charlevoix

Minnesota

Minneapolis, Hennepin
Saint Paul, Ramsey
Duluth, St. Louis
Northfield, Rice
Chanhassen, Carver
Carver, Carver
Rochester, Olmsted
Biwabik, St. Louis
Eden Prairie, Hennepin
Excelsior, Hennepin

Missouri

Saint Louis, St. Louis
Kansas City, Jackson
O Fallon, St. Charles
Independence, Jackson
Springfield, Greene
Saint Joseph, Buchanan
Lees Summit, Jackson
Columbia, Boone
New Bloomfield, Callaway
Florissant, St. Louis

Mississippi

Jackson, Hinds
Southaven, DeSoto
Biloxi, Harrison
Greenville, Washington
Meridian, Lauderdale
Gulfport, Harrison
Hattiesburg, Forrest
Columbus, Lowndes
Brandon, Rankin
Vicksburg, Warren

Montana

Polson, Lake
Belgrade, Gallatin
Missoula, Missoula
Billings, Yellowstone
Great Falls, Cascade
Pray, Park
Butte, Silver Bow
Helena, Lewis and Clark
Bozeman, Gallatin
Broadview, Musselshell

North Carolina

Charlotte, Mecklenburg
Morganton, Burke
Winston Salem, Forsyth
Wilmington, New Hanover
Pittsboro, Chatham
Raleigh, Wake
Greensboro, Guilford
Burlington, Alamance
Durham, Durham
Fayetteville, Cumberland

North Dakota

New Town, Mountrail
Bismarck, Burleigh
Fargo, Cass
Minot, Ward
Grand Forks, Grand Forks
Jamestown, Stutsman
Wahpeton, Richland
Minot Afb, Ward
Grand Forks Afb, Grand Forks
Christine, Richland

Nebraska

Omaha, Douglas
Lincoln, Lancaster
Kearney, Buffalo
Bellevue, Sarpy
Grand Island, Hall
Papillion, Sarpy
Big Springs, Deuel
Hershey, Lincoln
Sidney, Cheyenne
Merriman, Cherry

New Hampshire

Manchester, Hillsborough
Windham, Rockingham
Newbury, Merrimack
Epsom, Merrimack
Franklin, Merrimack
Suncook, Merrimack
Nelson, Cheshire
Swanzey, Cheshire
Nashua, Hillsborough
Rochester, Strafford

New Jersey

Jackson, Ocean
Beach Haven, Ocean
Brick, Ocean
Livingston, Essex
Willingboro, Burlington
Trenton, Mercer
Woodbury, Gloucester
Paterson, Passaic
Long Valley, Morris
Short Hills, Essex

New Mexico

Carlsbad, Eddy
Albuquerque, Bernalillo
Las Cruces, Do�a Ana
Chimayo, Rio Arriba
Santa Fe, Santa Fe
Farmington, San Juan
Gallup, McKinley
Ruidoso, Lincoln
Roswell, Chaves
Alamogordo, Otero

Nevada

Las Vegas, Clark
Reno, Washoe
Henderson, Clark
North Las Vegas, Clark
Elko, Elko
Carson City, Carson City
Verdi, Washoe
Sparks, Washoe
Pahrump, Nye
Jean, Clark

New York

New York, New York
Brooklyn, Kings
Rochester, Monroe
Buffalo, Erie
Bronx, Bronx
Albany, Albany
Syracuse, Onondaga
Montauk, Suffolk
Staten Island, Richmond
Huntington, Suffolk

Ohio

Cincinnati, Hamilton
Cleveland, Cuyahoga
Columbus, Franklin
Dayton, Montgomery
Akron, Summit
Toledo, Lucas
Delaware, Delaware
Canton, Stark
Youngstown, Mahoning
Hudson, Summit

Oklahoma

Oklahoma City, Oklahoma
Tulsa, Tulsa
Edmond, Oklahoma
Broken Bow, McCurtain
Grove, Delaware
Norman, Cleveland
Stillwater, Payne
Enid, Garfield
Broken Arrow, Tulsa
Lawton, Comanche

Oregon

Portland, Multnomah
Hillsboro, Washington
Eugene, Lane
Coos Bay, Coos
Government Camp, Clackamas
Springfield, Lane
Salem, Marion
Beaverton, Washington
Corvallis, Benton
Central Point, Jackson

Pennsylvania

Philadelphia, Philadelphia
Pittsburgh, Allegheny
Erie, Erie
Harrisburg, Dauphin
Reading, Berks
New Castle, Lawrence
Lancaster, Lancaster
Berwyn, Chester
Lehighton, Carbon
University Park, Centre

Rhode Island

Wakefield, Washington
Providence, Providence
Cranston, Providence
Warwick, Kent
Newport, Newport
Pawtucket, Providence
West Greenwich, Kent
Tiverton, Newport
East Providence, Providence
Barrington, Bristol

South Carolina

Columbia, Richland
Charleston, Charleston
Aiken, Aiken
Greer, Greenville
Conway, Horry
North Augusta, Aiken
Boiling Springs, Spartanburg
Camden, Kershaw
Saint Helena Island, Beaufort
Greenville, Greenville

South Dakota

Sioux Falls, Minnehaha
Rapid City, Pennington
Spearfish, Lawrence
Chester, Lake
Hudson, Lincoln
Oldham, Kingsbury
Vermillion, Clay
Brandt, Deuel
Goodwin, Deuel
Revillo, Grant

Tennessee

Memphis, Shelby
Nashville, Davidson
Knoxville, Knox
Chattanooga, Hamilton
Oak Ridge, Anderson
Cleveland, Bradley
Kingston, Roane
Murfreesboro, Rutherford
New Tazewell, Claiborne
Kingsport, Sullivan

Texas

Houston, Harris
Austin, Travis
San Antonio, Bexar
Fort Worth, Tarrant
Dallas, Dallas
El Paso, El Paso
Frisco, Denton
Spicewood, Travis
Cypress, Harris
Dripping Springs, Hays

Utah

Salt Lake City, Salt Lake
Eagle Mountain, Utah
North Salt Lake, Davis
Ogden, Weber
Sandy, Salt Lake
Fruitland, Duchesne
West Valley City, Salt Lake
West Jordan, Salt Lake
Kanab, Kane
Provo, Utah

Virginia

Virginia Beach, Virginia Beach
Charlottesville, Albemarle
Richmond, Richmond
Hampton, Hampton
Arlington, Arlington
Herndon, Fairfax
Norfolk, Norfolk
Alexandria, Alexandria
Vienna, Fairfax
Roanoke, Roanoke

Vermont

Middlebury, Addison
Winooski, Chittenden
Chester, Windsor
Enosburg Falls, Franklin
East Dorset, Bennington
Granville, Addison
Burlington, Chittenden
Marshfield, Washington
Proctor, Rutland
Colchester, Chittenden

Washington

Spokane, Spokane
Seattle, King
Tacoma, Pierce
Camano Island, Island
Vancouver, Clark
Port Townsend, Jefferson
Richland, Benton
Everett, Snohomish
Woodinville, King
Monroe, Snohomish

Wisconsin

Milwaukee, Milwaukee
Madison, Waukesha
Belleville, Dane
Green Bay, Brown
Fond Du Lac, Fond du Lac
Onalaska, La Crosse
Racine, Racine
Arkdale, Adams
Kenosha, Kenosha
Appleton, Outagamie

West Virginia

Charleston, Kanawha
Huntington, Cabell
Martinsburg, Berkeley
Parkersburg, Wood
Morgantown, Monongalia
Dailey, Randolph
Falling Waters, Berkeley
Lavalette, Wayne
South Charleston, Kanawha
Munday, Wirt

Wyoming

Casper, Natrona
Cheyenne, Laramie
Alta, Teton
Laramie, Albany
Gillette, Campbell
Horse Creek, Laramie
Lagrange, Goshen
Encampment, Carbon
Frannie, Big Horn
Crowheart, Fremont

Like nearly every sector of the economy in early 2020, residential construction in the United States suffered from the coronavirus pandemic and subsequent lockdowns. In March and April, several scheduled construction projects were postponed, and home sales dropped sharply as uncertainty surrounding the shutdowns weighed heavily on the real estate market.

The downturn, however, was brief. Few sectors rebounded as rapidly or as cleanly in a classic V-shaped recovery. In June and July 2020, sales surged by 20.2% and 24.7%, respectively, compared with the same periods in 2019, and June marked the highest monthly home sales in the United States in 13 years. According to the National Association of Realtors (NAR), sales continued to rise in August and remained strong throughout the fourth quarter. This surge in demand was a rare bright spot in a domestic economy facing significant fiscal contraction.

Home sales have continued to climb as inner-city residents leave dense urban cores behind. Demand has grown in traditional suburbs and even farther out in so-called “Zoom cities”-attractive communities with strong schools, appealing neighborhoods, and reliable infrastructure located beyond typical commuting distances. For people who can work remotely, these areas offer more space for the same money. The long-term shift toward home offices is also expected to boost demand for larger homes.

Low interest rates are also driving sales

In addition to COVID-19–related lifestyle changes, historically low mortgage rates-around 3% for standard 30-year loans-have given the U.S. housing market an extraordinary lift. Home prices reached record highs in nearly all metropolitan areas. In two-thirds of the 181 regions tracked by the NAR, prices rose by double-digit percentages in 2020.

In the Washington, D.C. metropolitan area, for example, the residential market recorded $5.3 billion in sales in July 2020, up 26% from a year earlier, and the median single-family home price reached a ten-year high. In Barnstable on Cape Cod-an emerging Zoom city located just under two hours from Boston-home prices rose nearly 20% in 2020. In Bridgeport, a coastal city northeast of New York, prices jumped 27% to an average of $591,000, surpassing even those in the greater Boston area. Both cities also serve as established vacation and recreational destinations, offering extensive leisure opportunities.

Price increases are highest on the West Coast

Recent price spikes reflect soaring demand combined with limited supply in sought-after areas. By the end of the third quarter of 2020, the NAR estimated that roughly 1.5 million homes were on the market-nearly 20% fewer than the previous year, despite ongoing construction. West Coast markets were the most expensive, with average home prices reaching $1.4 million in San Jose, $1.12 million in San Francisco, and $910,000 in Anaheim.

As a result, many buyers are moving farther from major metropolitan areas. Idaho is currently the fastest-growing state in the country. Even before the pandemic, it had become a top relocation destination for Californians seeking more affordable and less stressful living conditions. Demand surged even more in 2020, pushing prices in Boise up by 20%.

A similar “Californication” trend is visible in neighboring Montana. Although it is larger than Germany, the state has just over one million residents, and growth is concentrated in high-demand cities like Bozeman. There, prices jumped 21% in 2020, and the average single-family home now costs $584,000-well above the national average. Bozeman’s scenic setting has also made it a magnet for Silicon Valley tech millionaires buying multimillion-dollar estates.

The housing boom is expected to continue

An abrupt end to the residential construction boom appears unlikely in the near term. Plenty of buyers remain ready to enter the market, and further gains seem probable as the labor market continues to recover. This outlook is mirrored in the strong performance of U.S. homebuilders such as D.R. Horton and MDC Holdings, as well as home-improvement retailers like Lowe’s and Home Depot. Share prices for these companies have climbed rapidly and remain near their record highs.

The S&P Homebuilders Select Index is also up roughly 20% since the beginning of 2020, suggesting that momentum in the housing market may continue.

Inequality in the housing market is widening

The average price of a single-family home in the United States now stands at $313,500-a 12% increase from 2019. Median family incomes, however, rose only 2.9% during the same period. For homeowners, this surge in property values represents an effortless gain in wealth. For prospective buyers, however, finding affordable housing has become increasingly difficult, deepening inequality across the market.

High-end real estate has become especially coveted. The number of homes selling for $1 million or more has doubled in the past year alone.

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