In the early months of the COVID-19 pandemic, U.S. home sales slumped. Since then, however, the market has come roaring back — and rising demand, in conjunction with a relatively low supply of housing, has caused home values to surge.
According to estimates from Zillow, a Seattle-based real estate data company, between May 2020 and May 2021, the typical single-family American home appreciated in value from $253,773 to $287,148, a 13.2% increase. Of course, housing markets also respond to local forces, and in some parts of the country, home values have appreciated at more than double the national rate.
In 50 cities and towns with populations of 50,000 or more, home values have appreciated by at least 22.3% over the past year. In some of them, the value of a typical family home has surged by more than 37.6%. Though these communities span the country, they tend to be concentrated in the Western United States.
One factor that can contribute to rapidly climbing home prices at a local level is demand. And demand for housing is often precipitated by a growing population. According to the most recent available Census data, 39 of the 50 cities and towns on this list reported population growth over the last one-year period.
Home prices are also largely dictated by what local residents can afford, and rising home values can often be the result of rising incomes. Of the 50 places on this list for which income data is available, 49 reported year-over-year growth in median household income, based on the most recent available data Census data.
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50. Chula Vista, California
> 1-yr. change in median home value: +22.3% (+$125,888)
> Median home value; May 2021: $689,597
> 1-yr. population change: +0.9% (+2,452)
> Population: 268,920
> 1-yr. change in median household income: +6.4% (+$4,918)
> Median household income: $81,272
This is How Much Home You Can Buy For 200K in Every State
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49. East Orange, New Jersey
> 1-yr. change in median home value: +22.3% (+$62,804)
> Median home value; May 2021: $343,977
> 1-yr. population change: -0.0% (-26)
> Population: 64,374
> 1-yr. change in median household income: +7.3% (+$3,263)
> Median household income: $48,072
This is How Much Home You Can Buy For 200K in Every State
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48. Santee, California
> 1-yr. change in median home value: +22.5% (+$122,698)
> Median home value; May 2021: $667,138
> 1-yr. population change: +0.3% (+182)
> Population: 57,797
> 1-yr. change in median household income: +4.3% (+$3,565)
> Median household income: $87,098
This is How Much Home You Can Buy For 200K in Every State
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47. Gilbert, Arizona
> 1-yr. change in median home value: +22.6% (+$84,166)
> Median home value; May 2021: $456,888
> 1-yr. population change: +2.4% (+5,770)
> Population: 243,254
> 1-yr. change in median household income: +4.9% (+$4,507)
> Median household income: $96,857
This is How Much Home You Can Buy For 200K in Every State
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46. Colorado Springs, Colorado
> 1-yr. change in median home value: +22.7% (+$73,910)
> Median home value; May 2021: $400,014
> 1-yr. population change: +1.6% (+7,369)
> Population: 464,871
> 1-yr. change in median household income: +5.5% (+$3,388)
> Median household income: $64,712
This is How Much Home You Can Buy For 200K in Every State
45. Goodyear, Arizona
> 1-yr. change in median home value: +22.8% (+$72,309)
> Median home value; May 2021: $389,641
> 1-yr. population change: +3.7% (+2,895)
> Population: 80,371
> 1-yr. change in median household income: +4.4% (+$3,530)
> Median household income: $83,866
This is How Much Home You Can Buy For 200K in Every State
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44. Flagstaff, Arizona
> 1-yr. change in median home value: +22.9% (+$90,550)
> Median home value; May 2021: $485,441
> 1-yr. population change: +1.7% (+1,200)
> Population: 72,402
> 1-yr. change in median household income: +4.9% (+$2,733)
> Median household income: $58,748
This is How Much Home You Can Buy For 200K in Every State
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43. Vineland, New Jersey
> 1-yr. change in median home value: +23.0% (+$37,832)
> Median home value; May 2021: $202,661
> 1-yr. population change: -0.5% (-323)
> Population: 60,034
> 1-yr. change in median household income: -1.0% (-$578)
> Median household income: $54,476
This is How Much Home You Can Buy For 200K in Every State
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42. Stratford, Connecticut
> 1-yr. change in median home value: +23.0% (+$60,595)
> Median home value; May 2021: $323,947
> 1-yr. population change: -0.3% (-159)
> Population: 52,120
> 1-yr. change in median household income: +4.7% (+$3,585)
> Median household income: $79,430
This is How Much Home You Can Buy For 200K in Every State
41. Orem, Utah
> 1-yr. change in median home value: +23.0% (+$79,741)
> Median home value; May 2021: $425,833
> 1-yr. population change: +1.4% (+1,297)
> Population: 96,725
> 1-yr. change in median household income: +5.2% (+$3,217)
> Median household income: $64,590
This is How Much Home You Can Buy For 200K in Every State
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40. Peoria, Arizona
> 1-yr. change in median home value: +23.2% (+$72,786)
> Median home value; May 2021: $387,142
> 1-yr. population change: +2.2% (+3,624)
> Population: 168,196
> 1-yr. change in median household income: +3.1% (+$2,284)
> Median household income: $75,323
This is How Much Home You Can Buy For 200K in Every State
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39. Mesa, Arizona
> 1-yr. change in median home value: +23.2% (+$65,654)
> Median home value; May 2021: $348,810
> 1-yr. population change: +1.7% (+8,526)
> Population: 499,720
> 1-yr. change in median household income: +6.4% (+$3,481)
> Median household income: $58,181
This is How Much Home You Can Buy For 200K in Every State
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38. Scottsdale, Arizona
> 1-yr. change in median home value: +23.3% (+$124,862)
> Median home value; May 2021: $661,074
> 1-yr. population change: +1.9% (+4,576)
> Population: 250,602
> 1-yr. change in median household income: +4.3% (+$3,612)
> Median household income: $88,213
This is How Much Home You Can Buy For 200K in Every State
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37. La Mesa, California
> 1-yr. change in median home value: +23.4% (+$139,913)
> Median home value; May 2021: $738,942
> 1-yr. population change: -0.0% (-6)
> Population: 59,556
> 1-yr. change in median household income: +3.3% (+$2,104)
> Median household income: $66,051
This is How Much Home You Can Buy For 200K in Every State
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36. Layton, Utah
> 1-yr. change in median home value: +23.4% (+$86,023)
> Median home value; May 2021: $453,570
> 1-yr. population change: +1.5% (+1,091)
> Population: 76,197
> 1-yr. change in median household income: +3.4% (+$2,538)
> Median household income: $77,426
This is How Much Home You Can Buy For 200K in Every State
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35. Toms River, New Jersey
> 1-yr. change in median home value: +23.6% (+$57,506)
> Median home value; May 2021: $301,472
> 1-yr. population change: +0.6% (+542)
> Population: 89,254
> 1-yr. change in median household income: +3.2% (+$2,488)
> Median household income: $79,889
This is How Much Home You Can Buy For 200K in Every State
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34. Casa Grande, Arizona
> 1-yr. change in median home value: +23.6% (+$49,150)
> Median home value; May 2021: $257,023
> 1-yr. population change: +2.5% (+1,337)
> Population: 55,653
> 1-yr. change in median household income: +7.7% (+$3,772)
> Median household income: $52,841
This is How Much Home You Can Buy For 200K in Every State
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33. Jackson, Mississippi
> 1-yr. change in median home value: +23.7% (+$11,958)
> Median home value; May 2021: $62,492
> 1-yr. population change: -1.5% (-2,479)
> Population: 166,383
> 1-yr. change in median household income: +3.5% (+$1,325)
> Median household income: $38,888
This is How Much Home You Can Buy For 200K in Every State
32. Pinellas Park, Florida
> 1-yr. change in median home value: +23.7% (+$44,151)
> Median home value; May 2021: $230,543
> 1-yr. population change: +1.1% (+566)
> Population: 52,857
> 1-yr. change in median household income: +11.1% (+$4,942)
> Median household income: $49,652
This is How Much Home You Can Buy For 200K in Every State
31. Surprise, Arizona
> 1-yr. change in median home value: +23.7% (+$67,683)
> Median home value; May 2021: $352,806
> 1-yr. population change: +1.9% (+2,546)
> Population: 135,450
> 1-yr. change in median household income: +6.0% (+$3,916)
> Median household income: $69,076
This is How Much Home You Can Buy For 200K in Every State
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30. Missoula, Montana
> 1-yr. change in median home value: +23.9% (+$86,309)
> Median home value; May 2021: $447,566
> 1-yr. population change: +2.2% (+1,585)
> Population: 73,710
> 1-yr. change in median household income: +5.4% (+$2,416)
> Median household income: $47,426
This is How Much Home You Can Buy For 200K in Every State
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29. Largo, Florida
> 1-yr. change in median home value: +24.2% (+$50,295)
> Median home value; May 2021: $258,078
> 1-yr. population change: +1.1% (+887)
> Population: 84,130
> 1-yr. change in median household income: +4.5% (+$1,907)
> Median household income: $44,323
This is How Much Home You Can Buy For 200K in Every State
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28. Bridgeport, Connecticut
> 1-yr. change in median home value: +24.2% (+$50,484)
> Median home value; May 2021: $258,838
> 1-yr. population change: -0.5% (-778)
> Population: 145,639
> 1-yr. change in median household income: +2.7% (+$1,221)
> Median household income: $46,662
This is How Much Home You Can Buy For 200K in Every State
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27. Glendale, Arizona
> 1-yr. change in median home value: +24.3% (+$63,238)
> Median home value; May 2021: $323,993
> 1-yr. population change: +0.9% (+2,299)
> Population: 247,813
> 1-yr. change in median household income: +5.2% (+$2,706)
> Median household income: $55,020
This is How Much Home You Can Buy For 200K in Every State
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26. Bend, Oregon
> 1-yr. change in median home value: +24.3% (+$120,461)
> Median home value; May 2021: $616,047
> 1-yr. population change: +3.8% (+3,417)
> Population: 93,917
> 1-yr. change in median household income: +3.5% (+$2,194)
> Median household income: $65,662
This is How Much Home You Can Buy For 200K in Every State
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25. Lake Havasu City, Arizona
> 1-yr. change in median home value: +24.4% (+$74,838)
> Median home value; May 2021: $381,196
> 1-yr. population change: +1.0% (+543)
> Population: 54,495
> 1-yr. change in median household income: +4.7% (+$2,418)
> Median household income: $53,605
This is How Much Home You Can Buy For 200K in Every State
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24. Ogden, Utah
> 1-yr. change in median home value: +24.5% (+$60,036)
> Median home value; May 2021: $304,720
> 1-yr. population change: +0.8% (+707)
> Population: 86,833
> 1-yr. change in median household income: +7.0% (+$3,254)
> Median household income: $50,061
This is How Much Home You Can Buy For 200K in Every State
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23. Phoenix, Arizona
> 1-yr. change in median home value: +24.6% (+$67,194)
> Median home value; May 2021: $340,341
> 1-yr. population change: +1.4% (+22,946)
> Population: 1,633,017
> 1-yr. change in median household income: +4.9% (+$2,694)
> Median household income: $57,459
This is How Much Home You Can Buy For 200K in Every State
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22. San Tan Valley, Arizona
> 1-yr. change in median home value: +24.6% (+$64,782)
> Median home value; May 2021: $328,063
> 1-yr. population change: +3.7% (+3,462)
> Population: 96,692
> 1-yr. change in median household income: +0.8% (+$531)
> Median household income: $67,880
This is How Much Home You Can Buy For 200K in Every State
21. Avondale, Arizona
> 1-yr. change in median home value: +24.8% (+$63,995)
> Median home value; May 2021: $322,174
> 1-yr. population change: +1.6% (+1,344)
> Population: 84,736
> 1-yr. change in median household income: +4.9% (+$2,887)
> Median household income: $61,825
This is How Much Home You Can Buy For 200K in Every State
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20. Rock Hill, South Carolina
> 1-yr. change in median home value: +25.3% (+$49,802)
> Median home value; May 2021: $246,474
> 1-yr. population change: +2.0% (+1,431)
> Population: 73,334
> 1-yr. change in median household income: +7.8% (+$3,652)
> Median household income: $50,444
This is How Much Home You Can Buy For 200K in Every State
19. Buckeye, Arizona
> 1-yr. change in median home value: +25.6% (+$66,261)
> Median home value; May 2021: $324,895
> 1-yr. population change: +6.3% (+4,114)
> Population: 69,744
> 1-yr. change in median household income: +8.8% (+$5,775)
> Median household income: $71,707
This is How Much Home You Can Buy For 200K in Every State
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18. Cleveland, Ohio
> 1-yr. change in median home value: +25.7% (+$18,209)
> Median home value; May 2021: $88,987
> 1-yr. population change: -0.5% (-2,116)
> Population: 385,282
> 1-yr. change in median household income: +6.5% (+$1,899)
> Median household income: $30,907
This is How Much Home You Can Buy For 200K in Every State
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17. St. Petersburg, Florida
> 1-yr. change in median home value: +26.5% (+$57,996)
> Median home value; May 2021: $276,731
> 1-yr. population change: +0.9% (+2,297)
> Population: 261,338
> 1-yr. change in median household income: +5.9% (+$3,166)
> Median household income: $56,982
This is How Much Home You Can Buy For 200K in Every State
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16. Detroit, Michigan
> 1-yr. change in median home value: +27.1% (+$10,890)
> Median home value; May 2021: $51,083
> 1-yr. population change: -0.3% (-2,314)
> Population: 674,841
> 1-yr. change in median household income: +4.8% (+$1,413)
> Median household income: $30,894
This is How Much Home You Can Buy For 200K in Every State
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15. Coeur d’Alene, Idaho
> 1-yr. change in median home value: +27.8% (+$103,820)
> Median home value; May 2021: $476,645
> 1-yr. population change: +1.9% (+931)
> Population: 50,540
> 1-yr. change in median household income: +4.5% (+$2,180)
> Median household income: $51,073
This is How Much Home You Can Buy For 200K in Every State
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14. Waterbury, Connecticut
> 1-yr. change in median home value: +28.1% (+$38,126)
> Median home value; May 2021: $173,793
> 1-yr. population change: -0.4% (-396)
> Population: 108,276
> 1-yr. change in median household income: +1.9% (+$784)
> Median household income: $42,401
This is How Much Home You Can Buy For 200K in Every State
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13. Austin, Texas
> 1-yr. change in median home value: +29.8% (+$124,115)
> Median home value; May 2021: $540,086
> 1-yr. population change: +1.6% (+15,052)
> Population: 950,807
> 1-yr. change in median household income: +6.1% (+$4,114)
> Median household income: $71,576
This is How Much Home You Can Buy For 200K in Every State
Source: Davel5957 / Getty Images
12. Youngstown, Ohio
> 1-yr. change in median home value: +30.1% (+$8,963)
> Median home value; May 2021: $38,758
> 1-yr. population change: +0.1% (+49)
> Population: 64,783
> 1-yr. change in median household income: +6.9% (+$1,871)
> Median household income: $28,822
This is How Much Home You Can Buy For 200K in Every State
Source: RoschetzkyIstockPhoto / Getty Images
11. Georgetown, Texas
> 1-yr. change in median home value: +30.4% (+$97,965)
> Median home value; May 2021: $419,835
> 1-yr. population change: +6.3% (+4,200)
> Population: 71,004
> 1-yr. change in median household income: +3.4% (+$2,412)
> Median household income: $73,822
This is How Much Home You Can Buy For 200K in Every State
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10. Pflugerville, Texas
> 1-yr. change in median home value: +32.2% (+$92,613)
> Median home value; May 2021: $380,330
> 1-yr. population change: +3.3% (+1,980)
> Population: 61,737
> 1-yr. change in median household income: +6.1% (+$5,395)
> Median household income: $93,627
This is How Much Home You Can Buy For 200K in Every State
Source: RoschetzkyIstockPhoto / Getty Images
9. Cedar Park, Texas
> 1-yr. change in median home value: +33.8% (+$117,410)
> Median home value; May 2021: $464,674
> 1-yr. population change: +3.3% (+2,399)
> Population: 74,814
> 1-yr. change in median household income: +2.1% (+$2,174)
> Median household income: $104,019
This is How Much Home You Can Buy For 200K in Every State
Source: RoschetzkyIstockPhoto / Getty Images
8. Round Rock, Texas
> 1-yr. change in median home value: +34.7% (+$107,336)
> Median home value; May 2021: $416,663
> 1-yr. population change: +3.6% (+4,277)
> Population: 124,434
> 1-yr. change in median household income: +2.5% (+$2,039)
> Median household income: $82,676
This is How Much Home You Can Buy For 200K in Every State
Source: Dmharris26 / Public Domain / Wikimedia Commons
7. Meridian, Idaho
> 1-yr. change in median home value: +34.9% (+$127,184)
> Median home value; May 2021: $491,887
> 1-yr. population change: +5.0% (+4,897)
> Population: 101,905
> 1-yr. change in median household income: +4.8% (+$3,258)
> Median household income: $71,389
This is How Much Home You Can Buy For 200K in Every State
6. Leander, Texas
> 1-yr. change in median home value: +34.9% (+$109,413)
> Median home value; May 2021: $422,574
> 1-yr. population change: +15.7% (+7,297)
> Population: 53,716
> 1-yr. change in median household income: +10.2% (+$9,446)
> Median household income: $101,872
This is How Much Home You Can Buy For 200K in Every State
Source: knowlesgallery / iStock via Getty Images
5. Boise, Idaho
> 1-yr. change in median home value: +36.6% (+$126,517)
> Median home value; May 2021: $472,634
> 1-yr. population change: +0.8% (+1,815)
> Population: 226,115
> 1-yr. change in median household income: +5.7% (+$3,237)
> Median household income: $60,035
This is How Much Home You Can Buy For 200K in Every State
Source: DenisTangneyJr / Getty Images
4. Flint, Michigan
> 1-yr. change in median home value: +36.9% (+$10,675)
> Median home value; May 2021: $39,643
> 1-yr. population change: -0.6% (-602)
> Population: 96,559
> 1-yr. change in median household income: +4.0% (+$1,117)
> Median household income: $28,834
This is How Much Home You Can Buy For 200K in Every State
Source: Mike Worley / iStock via Getty Images
3. Caldwell, Idaho
> 1-yr. change in median home value: +37.6% (+$95,211)
> Median home value; May 2021: $348,175
> 1-yr. population change: +3.2% (+1,682)
> Population: 54,887
> 1-yr. change in median household income: +3.3% (+$1,587)
> Median household income: $49,046
This is How Much Home You Can Buy For 200K in Every State
Source: knowlesgallery / Getty Images
2. Nampa, Idaho
> 1-yr. change in median home value: +37.9% (+$100,100)
> Median home value; May 2021: $364,235
> 1-yr. population change: +2.5% (+2,289)
> Population: 93,952
> 1-yr. change in median household income: +9.3% (+$4,155)
> Median household income: $48,846
This is How Much Home You Can Buy For 200K in Every State
Source: Davel5957 / Getty Images
1. Rochester, New York
> 1-yr. change in median home value: +43.1% (+$103,209)
> Median home value; May 2021: $342,582
> 1-yr. population change: -0.4% (-930)
> Population: 206,848
> 1-yr. change in median household income: +6.6% (+$2,191)
> Median household income: $35,590
This is How Much Home You Can Buy For 200K in Every State
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