The City in Every State Where Home Prices are Rising the Most

Key Points

Despite significant fluctuations over the past 12 months, home prices in the U.S. are very similar to where they were a year ago.
Still, housing markets are highly localized, and in nearly every state, there is at least one city where homes are now meaningfully more expensive than they were a year ago.
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By Sam Stebbins Published Jul 18, 2025 at 8:46 AM EDT

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The City in Every State Where Home Prices are Rising the Most — © benedek / iStock Unreleased via Getty Images

Home prices have been surging for years in the United States. According to the Case-Shiller Index, sales prices for single-family homes in the U.S. climbed by more than 50% from the beginning of 2020 to the middle of 2024. While this rapid increase was a boon for homeowners, millions of whom saw a significant appreciation in their most valuable asset, it also created a housing affordability crisis — one that hit Americans with no real estate holdings especially hard. But in the second half of 2024, market conditions began to shift in favor of prospective homebuyers.

Historical home price data from Realtor.com shows that the median list price of a single family home fell by nearly 9% — or about $39,400 — from June 2024 to January 2025. However, any optimism that this trend would continue, and that home prices would eventually fall to levels affordable for a typical working family, was short-lived. Since January of this year, home prices have climbed by more than 10%, and as of June 2025, the most recent month of available data, the median list prices for a single family home in the U.S. stood at $440,950 — only about $8,000 below the all-time high, reported in June 2022.

The dip in home prices during the second half of 2024 was more than offset by the subsequent increase in the first half of 2025. As a result, average list prices are up about 0.2% year-over-year nationwide. But when it comes to real estate, location matters, and in certain parts of the country, home prices have climbed far more in the last year than the national average might suggest.

Using historical data from Realtor.com, 24/7 Wall St. identified the city in every state where home prices are rising the most. We reviewed data for over 920 U.S. metro areas, and ranked them on the relative change in median single-family home list prices from June 2024 to June 2025, listing the city in each state where home prices have climbed the most. Only metro areas where list prices were not flagged for potential data quality issues were considered. Delaware and Hawaii were excluded from the analysis, as neither state has a city where home prices increased over the last year. Additionally, because Rhode Island has only one metro area with available data, the city listed for that state appears on this list by default.

Among the 48 metro areas on this list, median list prices are up anywhere from about 3% to 50% since June of last year. In nearly every case, the relative increase in home prices exceeds the comparable increase across the state as a whole. In several cities on this list, home prices climbed even as the prices declined statewide over the same period. (Here is a look at how Baby Boomers impacted the housing market for younger buyers.)

It is important to note that even though home prices are higher in these places now than they were at the same time last year, many of these cities still have relatively affordable housing markets. In 17 of these cities, median list prices are still below $300,000. The last time the national median list price was below that threshold was January 2020. (Here is a look at the most affordable cities for renters in every state.)

These are the cities in every state where home prices are rising the fastest.

Why It Matters

Despite a short-lived retreat in home prices in 2024, the housing market has become significantly less affordable so far in 2025 — continuing a longer-term trend that began during the COVID-19 pandemic. Rising home prices this year have offset falling prices in the second half of 2024, and as a result, median sale prices have not meaningfully changed in the last 12 months. Still, housing markets are highly localized, and in nearly every state, there is at least one city where homes are now significantly more expensive than they were a year ago.