The median sales price of the existing privately owned single-family homes in the United States increased slightly in 2024. The most expensive homes were found in San Jose-Sunnyvale-Santa Clara, CA, where the median sales price was *** million U.S. dollars. Hawaii and Delaware experienced the strongest home appreciation.

In 2022, the annual salary needed to buy a median priced home in the United States was ****** U.S. dollars. However, in some of the largest metropolitan areas in the United States where housing prices are up to *** or ***** times higher, homebuyers would have to earn more than 100,000 U.S. dollars to afford a home. In San Jose, which was the most expensive metro in 2022, the annual salary needed for a median home was approximately ******* U.S. dollars.

Median Home Sale Price: All Residential: Chico, CA data was reported at 375.000 USD th in Jul 2020. This records an increase from the previous number of 363.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Chico, CA data is updated monthly, averaging 256.500 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 375.000 USD th in Jul 2020 and a record low of 160.000 USD th in May 2012. Median Home Sale Price: All Residential: Chico, CA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

Median Home Sale Price: All Residential: Bonham, TX data was reported at 209.000 USD th in Jul 2020. This records an increase from the previous number of 167.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Bonham, TX data is updated monthly, averaging 115.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 209.000 USD th in Jul 2020 and a record low of 46.000 USD th in Jan 2013. Median Home Sale Price: All Residential: Bonham, TX data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

Median Home Sale Price: All Residential: Crossville, TN data was reported at 201.000 USD th in Jul 2020. This records an increase from the previous number of 180.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Crossville, TN data is updated monthly, averaging 146.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 201.000 USD th in Jul 2020 and a record low of 97.000 USD th in Feb 2014. Median Home Sale Price: All Residential: Crossville, TN data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

Median Home Sale Price: All Residential: Concord, NH data was reported at 300.000 USD th in Jul 2020. This records an increase from the previous number of 285.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Concord, NH data is updated monthly, averaging 218.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 300.000 USD th in Jul 2020 and a record low of 160.000 USD th in Apr 2012. Median Home Sale Price: All Residential: Concord, NH data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

In 2020, San Jose-Sunnyvale-Santa Clara in California was the most expensive metropolitan area for both renting and owning a home in the United States. The median monthly housing costs for owners in 2020 were ***** U.S. dollars, whereas for renters they were ***** U.S. dollars. In all thirty metropolitan areas, renting was more affordable than buying. As of *************, the average rent for a three bedroom apartment was nearly ***** U.S. dollars.

Median Home Sale Price: All Residential: Columbus, OH data was reported at 255.000 USD th in Jul 2020. This records an increase from the previous number of 250.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Columbus, OH data is updated monthly, averaging 172.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 255.000 USD th in Jul 2020 and a record low of 122.000 USD th in Jan 2013. Median Home Sale Price: All Residential: Columbus, OH data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

Graph and download economic data for All-Transactions House Price Index for Washington-Arlington-Alexandria, DC-VA-MD-WV (MSAD) (ATNHPIUS47894Q) from Q3 1975 to Q4 2024 about DC, Washington, MD, WV, VA, appraisers, HPI, housing, price index, indexes, price, and USA.

In a 2019 analysis, Riverside, California was the most at risk of a housing downturn in a recession out of the ** largest metro areas in the United States. The Californian metro area received an overall score of **** percent, which was compiled after factors such as home price volatility and average home loan-to-value ratio were examined.

VITAL SIGNS INDICATOR
Home Prices (EC7)

FULL MEASURE NAME
Home Prices

LAST UPDATED
December 2022

DESCRIPTION
Home prices refer to the cost of purchasing one’s own house or condominium. While a significant share of residents may choose to rent, home prices represent a primary driver of housing affordability in a given region, county or city.

DATA SOURCE
Zillow: Zillow Home Value Index (ZHVI) - http://www.zillow.com/research/data/
2000-2021

California Department of Finance: E-4 Historical Population Estimates for Cities, Counties, and the State - https://dof.ca.gov/forecasting/demographics/estimates/
2000-2021

US Census Population and Housing Unit Estimates - https://www.census.gov/programs-surveys/popest.html
2000-2021

Bureau of Labor Statistics: Consumer Price Index - http://data.bls.gov
2000-2021

US Census ZIP Code Tabulation Areas (ZCTAs) - https://www.census.gov/programs-surveys/geography/guidance/geo-areas/zctas.html
2020 Census Blocks

CONTACT INFORMATION
vitalsigns.info@bayareametro.gov

METHODOLOGY NOTES (across all datasets for this indicator)
Housing price estimates at the regional-, county-, city- and zip code-level come from analysis of individual home sales by Zillow based upon transaction records. Zillow Home Value Index (ZHVI) is a smoothed, seasonally adjusted measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range. ZHVI is computed from public record transaction data as reported by counties. All standard real estate transactions are included in this metric, including REO sales and auctions. Zillow makes a substantial effort to remove transactions not typically considered a standard sale. Examples of these include bank takeovers of foreclosed properties, title transfers after a death or divorce and non arms-length transactions. Zillow defines all homes as single-family residential, condominium and co-operative homes with a county record. Single-family residences are detached, which means the home is an individual structure with its own lot. Condominiums are units that can be owned in a multi-unit complex, such as an apartment building. Co-operative homes are slightly different from condominiums in that the homeowners own shares in the corporation that owns the building, not the actual units themselves.

For metropolitan area comparison values, the Bay Area metro area’s median home sale price is the population-weighted average of the nine counties’ median home prices. Data is adjusted for inflation using Bureau of Labor Statistics metropolitan statistical area (MSA)-specific series. Inflation-adjusted data are presented to illustrate how home prices have grown relative to overall price increases; that said, the use of the Consumer Price Index (CPI) does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of the CPI itself.

Graph and download economic data for S&P CoreLogic Case-Shiller DC-Washington Home Price Index (WDXRSA) from Jan 1987 to Apr 2025 about DC, Washington, MD, WV, VA, HPI, housing, price index, indexes, price, and USA.

Median Home Sale Price: All Residential: Baton Rouge, LA data was reported at 222.000 USD th in Jul 2020. This records an increase from the previous number of 215.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Baton Rouge, LA data is updated monthly, averaging 187.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 222.000 USD th in Jul 2020 and a record low of 162.000 USD th in Jan 2013. Median Home Sale Price: All Residential: Baton Rouge, LA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

The 2015 American Housing Survey marks the first release of a newly integrated national sample and independent metropolitan area samples. The 2015 release features many variable name revisions, as well as the integration of an AHS Codebook Interactive Tool available on the U.S. Census Bureau Web site. This data collection provides information on representative samples of each of the 15 largest metropolitan areas across the United States, which are also included in the integrated national sample (available as ICPSR 36801). The metropolitan area sample also features representative samples of 10 additional metropolitan areas that are not present in the national sample. The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau intend to survey the 15 largest metropolitan areas once every 2 years. To ensure the sample was representative of all housing units within each metro area, the U.S. Census Bureau stratified all housing units into one of the following categories: (1) A HUD-assisted unit (as of 2013); (2) Trailer or mobile home; (3) Owner-occupied and one unit in structure; (4) Owner-occupied and two or more units in structure; (5) Renter-occupied and one unit in structure; (6) Renter-occupied and two or more units in structure; (7) Vacant and one unit in structure; (8) Vacant and two or more units in structure; and (9) Other units, such as houseboats and recreational vehicles. The data are presented in three separate parts: Part 1, Household Record (Main Record); Part 2, Person Record; and Part 3, Project Record. Household Record data includes questions about household occupancy and tenure, household exterior and interior structural features, household equipment and appliances, housing problems, housing costs, home improvement, neighborhood features, recent moving information, income, and basic demographic information. The Household Record data also features four rotating topical modules: Arts and Culture, Food Security, Housing Counseling, and Healthy Homes. Person Record data includes questions about personal disabilities, income, and basic demographic information. Finally, Project Record data includes questions about home improvement projects. Specific questions were asked about the types of projects, costs, funding sources, and year of completion.

Graph and download economic data for All-Transactions House Price Index for Minneapolis-St. Paul-Bloomington, MN-WI (MSA) (ATNHPIUS33460Q) from Q2 1976 to Q1 2025 about Minneapolis, MN, appraisers, WI, HPI, housing, price index, indexes, price, and USA.

House prices grew year-on-year in most states in the U.S. in the third quarter of 2024. The District of Columbia was the only exception, with a decline of ***** percent. The annual appreciation for single-family housing in the U.S. was **** percent, while in Hawaii—the state where homes appreciated the most—the increase exceeded ** percent. How have home prices developed in recent years? House price growth in the U.S. has been going strong for years. In 2024, the median sales price of a single-family home exceeded ******* U.S. dollars, up from ******* U.S. dollars five years ago. One of the factors driving house prices was the cost of credit. The record-low federal funds effective rate allowed mortgage lenders to set mortgage interest rates as low as *** percent. With interest rates on the rise, home buying has also slowed, causing fluctuations in house prices. Why are house prices growing? Many markets in the U.S. are overheated because supply has not been able to keep up with demand. How many homes enter the housing market depends on the construction output, whereas the availability of existing homes for purchase depends on many other factors, such as the willingness of owners to sell. Furthermore, growing investor appetite in the housing sector means that prospective homebuyers have some extra competition to worry about. In certain metros, for example, the share of homes bought by investors exceeded ** percent in 2024.

Graph and download economic data for All-Transactions House Price Index for Boston, MA (MSAD) (ATNHPIUS14454Q) from Q3 1977 to Q1 2025 about Boston, MA, appraisers, HPI, housing, price index, indexes, price, and USA.

House prices in the Dallas-Fort Worth-Arlington metropolitan area have increased more than two-fold since 2011. In 2023, the median house price reached ******* U.S. dollars, down by about *** percent from 2022. This was much higher than the average house price in Texas.

House prices in the Austin-Round Rock metropolitan area have increased more than two-fold since 2011. In 2023, the median house price reached ******* U.S. dollars, down by about **** percent from 2022. This was substantially higher than the average house price in Texas.

Graph and download economic data for All-Transactions House Price Index for New Orleans-Metairie, LA (MSA) (ATNHPIUS35380Q) from Q3 1977 to Q1 2025 about New Orleans, LA, appraisers, HPI, housing, price index, indexes, price, and USA.