The Cost of Housing Has Skyrocketed in these Major US Cities

Special Report

May 4, 2023 11:04 am

Source: milehightraveler / iStock via Getty Images

11. Denver-Aurora-Lakewood, CO
> Shelter CPI, March 23, YoY chg.: 8.3%
> Median gross rent, 2021: $1,605 – #19 highest of 386 metros
> Median home value, 2021: $519,600 – #20 highest of 386 metros
> Population, 2021: 2,972,567 – #19 highest of 386 metros

Source: DenisTangneyJr / iStock via Getty Images

10. Riverside-San Bernardino-Ontario, CA
> Shelter CPI, March 23, YoY chg.: 8.7%
> Median gross rent, 2021: $1,552 – #24 highest of 386 metros
> Median home value, 2021: $453,000 – #33 highest of 386 metros
> Population, 2021: 4,653,105 – #12 highest of 386 metros

ALSO READ: Prices That Spiked the Most Compared to This Time Last Year

Source: Pgiam / E+ via Getty Images

9. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
> Shelter CPI, Feb 23, YoY chg.: 9.2%
> Median gross rent, 2021: $1,258 – #65 highest of 386 metros
> Median home value, 2021: $300,300 – #102 highest of 386 metros
> Population, 2021: 6,228,601 – #7 highest of 386 metros

Source: GJGK Photography / iStock via Getty Images

8. Houston-The Woodlands-Sugar Land, TX
> Shelter CPI, Feb 23, YoY chg.: 9.6%
> Median gross rent, 2021: $1,190 – #87 highest of 386 metros
> Median home value, 2021: $252,300 – #150 highest of 386 metros
> Population, 2021: 7,206,841 – #5 highest of 386 metros

Source: f11photo / iStock via Getty Images

6. San Diego-Carlsbad, CA
> Shelter CPI, March 23, YoY chg.: 10.6%
> Median gross rent, 2021: $1,908 – #5 highest of 386 metros
> Median home value, 2021: $722,200 – #8 highest of 386 metros
> Population, 2021: 3,286,069 – #17 highest of 386 metros

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.