Special Report
States Where Home Prices Have Recently Gone Up the Most
October 18, 2021 6:00 pm
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10. Oregon
> May 2020 to May 2021 home price chg: 17.6%
> Median home value in 2019: $354,600 — 7th highest
Homeowners without mortgages in Oregon’s two largest cities, Portland and Salem, have experienced the value of their home equity rise by $46,000 and $42,000, respectively, in the 12-month period through May 2021. That’s above the national average of $30,000.
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9. New Hampshire
> May 2020 to May 2021 home price chg: 18.9%
> Median home value in 2019: $281,400 — 15th highest
New England home prices rose around 19% in the 12 months through May 2021, with New Hampshire trailing Rhode Island and Vermont, but averaging more than three percentage points above the national average.
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8. Washington
> May 2020 to May 2021 home price chg: 19.1%
> Median home value in 2019: $387,600 — 6th highest
Seattle has one of the hottest home markets in the country, with a 20.2% rise in prices for single-family homes in April 2021 from a year earlier. Spokane County, at the border with Idaho, experienced a similar increase.
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7. Vermont
> May 2020 to May 2021 home price chg: 19.2%
> Median home value in 2019: $233,200 — 25th highest
The Green Mountain State experienced the second-highest increase in New England home prices in the 12 months through May 2021, as home-buying outsiders flocked to the region during the Covid-19 pandemic.
6. Rhode Island
> May 2020 to May 2021 home price chg: 19.3%
> Median home value in 2019: $283,000 — 14th highest
Perhaps owing to a demand for oceanside real estate between Massachusetts and Connecticut, Rhode Island led the New England region in home-price inflation, led by sales of condominiums.
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