Special Report

States Where Home Prices Have Recently Gone Up the Most

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5. Montana
> May 2020 to May 2021 home price chg: 19.5%
> Median home value in 2019: $253,600 — 21st highest

Montana’s hot real estate market is impacting home prices in even the smaller cities of a state whose population is barely a million. Communities like Bigfork, Whitefish, and Laurel, all with populations of less than 10,000, experienced an average home price rise well above the state’s average.

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4. Indiana
> May 2020 to May 2021 home price chg: 20.2%
> Median home value in 2019: $156,000 — 6th lowest

The northwest Indiana region near Lake Michigan and Chicago, which includes the city of Gary, has witnessed some of the nation’s highest jumps in home prices. Lafayette is also a hot home market in the state.

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3. Utah
> May 2020 to May 2021 home price chg: 20.4%
> Median home value in 2019: $330,300 — 11th highest

Utah keeps breaking its own home price records, with the price of single-family dwellings far above the statewide average in Salt Lake City and nearby Weber and Davis counties, with no end in sight to the price inflation.

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2. Arizona
> May 2020 to May 2021 home price chg: 23.4%
> Median home value in 2019: $255,900 — 19th highest

Arizona home prices are rising at the fastest pace since 2005 — so fast in fact that sales have reportedly started to slow recently in the Phoenix metro area because many buyers can’t afford to pay what’s being asked.

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1. Idaho
> May 2020 to May 2021 home price chg: 30.3%
> Median home value in 2019: $255,200 — 20th highest

Spokane, Washington, and neighboring Coeur d’Alene, Idaho, share one of the hottest housing markets in the country. Home prices in the town of Ketchum in central Idaho are so high that local workers are struggling to find housing.

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