Special Report

Cities With Skyrocketing Home Prices This Summer

Source: peeterv / iStock via Getty Images

20. Milwaukee-Waukesha-West Allis, WI
> Increase in median list price, May 2021-May 2022: +15.5%
> Median list price, May 2022: $364,000 (20th lowest out of 50)
> Median days on market: 30 days (15th most out of 50)
> Population: 1,576,525

Source: f11photo / iStock via Getty Images

19. San Diego-Carlsbad, CA
> Increase in median list price, May 2021-May 2022: +15.9%
> Median list price, May 2022: $926,000 (4th highest out of 50)
> Median days on market: 21 days (12th fewest out of 50)
> Population: 3,323,970

Source: milehightraveler / iStock via Getty Images

18. Denver-Aurora-Lakewood, CO
> Increase in median list price, May 2021-May 2022: +16.0%
> Median list price, May 2022: $695,000 (8th highest out of 50)
> Median days on market: 10 days (2nd fewest out of 50)
> Population: 2,928,437

Source: TriggerPhoto / iStock via Getty Images

17. Kansas City, MO-KS
> Increase in median list price, May 2021-May 2022: +16.2%
> Median list price, May 2022: $399,000 (23rd lowest out of 50)
> Median days on market: 38 days (4th most out of 50)
> Population: 2,144,129

Source: DenisTangneyJr / E+ via Getty Images

16. Providence-Warwick, RI-MA
> Increase in median list price, May 2021-May 2022: +16.9%
> Median list price, May 2022: $467,000 (20th highest out of 50)
> Median days on market: 22 days (13th fewest out of 50)
> Population: 1,621,099

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.