Special Report

Cities Where Home Values Are Rising the Fastest

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In the early months of the COVID-19 pandemic, U.S. home sales slumped. Since then, however, the market has come roaring back — and rising demand, in conjunction with a relatively low supply of housing, has caused home values to surge.

According to estimates from Zillow, a Seattle-based real estate data company, between May 2020 and May 2021, the typical single-family American home appreciated in value from $253,773 to $287,148, a 13.2% increase. Of course, housing markets also respond to local forces, and in some parts of the country, home values have appreciated at more than double the national rate.

In 50 cities and towns with populations of 50,000 or more, home values have appreciated by at least 22.3% over the past year. In some of them, the value of a typical family home has surged by more than 37.6%. Though these communities span the country, they tend to be concentrated in the Western United States.

One factor that can contribute to rapidly climbing home prices at a local level is demand. And demand for housing is often precipitated by a growing population. According to the most recent available Census data, 39 of the 50 cities and towns on this list reported population growth over the last one-year period.

Home prices are also largely dictated by what local residents can afford, and rising home values can often be the result of rising incomes. Of the 50 places on this list for which income data is available, 49 reported year-over-year growth in median household income, based on the most recent available data Census data.

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50. Chula Vista, California
> 1-yr. change in median home value: +22.3% (+$125,888)
> Median home value; May 2021: $689,597
> 1-yr. population change: +0.9% (+2,452)
> Population: 268,920
> 1-yr. change in median household income: +6.4% (+$4,918)
> Median household income: $81,272

This is How Much Home You Can Buy For 200K in Every State

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49. East Orange, New Jersey
> 1-yr. change in median home value: +22.3% (+$62,804)
> Median home value; May 2021: $343,977
> 1-yr. population change: -0.0% (-26)
> Population: 64,374
> 1-yr. change in median household income: +7.3% (+$3,263)
> Median household income: $48,072

This is How Much Home You Can Buy For 200K in Every State

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48. Santee, California
> 1-yr. change in median home value: +22.5% (+$122,698)
> Median home value; May 2021: $667,138
> 1-yr. population change: +0.3% (+182)
> Population: 57,797
> 1-yr. change in median household income: +4.3% (+$3,565)
> Median household income: $87,098

This is How Much Home You Can Buy For 200K in Every State

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47. Gilbert, Arizona
> 1-yr. change in median home value: +22.6% (+$84,166)
> Median home value; May 2021: $456,888
> 1-yr. population change: +2.4% (+5,770)
> Population: 243,254
> 1-yr. change in median household income: +4.9% (+$4,507)
> Median household income: $96,857

This is How Much Home You Can Buy For 200K in Every State

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46. Colorado Springs, Colorado
> 1-yr. change in median home value: +22.7% (+$73,910)
> Median home value; May 2021: $400,014
> 1-yr. population change: +1.6% (+7,369)
> Population: 464,871
> 1-yr. change in median household income: +5.5% (+$3,388)
> Median household income: $64,712

This is How Much Home You Can Buy For 200K in Every State

45. Goodyear, Arizona
> 1-yr. change in median home value: +22.8% (+$72,309)
> Median home value; May 2021: $389,641
> 1-yr. population change: +3.7% (+2,895)
> Population: 80,371
> 1-yr. change in median household income: +4.4% (+$3,530)
> Median household income: $83,866

This is How Much Home You Can Buy For 200K in Every State

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44. Flagstaff, Arizona
> 1-yr. change in median home value: +22.9% (+$90,550)
> Median home value; May 2021: $485,441
> 1-yr. population change: +1.7% (+1,200)
> Population: 72,402
> 1-yr. change in median household income: +4.9% (+$2,733)
> Median household income: $58,748

This is How Much Home You Can Buy For 200K in Every State

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43. Vineland, New Jersey
> 1-yr. change in median home value: +23.0% (+$37,832)
> Median home value; May 2021: $202,661
> 1-yr. population change: -0.5% (-323)
> Population: 60,034
> 1-yr. change in median household income: -1.0% (-$578)
> Median household income: $54,476

This is How Much Home You Can Buy For 200K in Every State

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42. Stratford, Connecticut
> 1-yr. change in median home value: +23.0% (+$60,595)
> Median home value; May 2021: $323,947
> 1-yr. population change: -0.3% (-159)
> Population: 52,120
> 1-yr. change in median household income: +4.7% (+$3,585)
> Median household income: $79,430

This is How Much Home You Can Buy For 200K in Every State

41. Orem, Utah
> 1-yr. change in median home value: +23.0% (+$79,741)
> Median home value; May 2021: $425,833
> 1-yr. population change: +1.4% (+1,297)
> Population: 96,725
> 1-yr. change in median household income: +5.2% (+$3,217)
> Median household income: $64,590

This is How Much Home You Can Buy For 200K in Every State

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40. Peoria, Arizona
> 1-yr. change in median home value: +23.2% (+$72,786)
> Median home value; May 2021: $387,142
> 1-yr. population change: +2.2% (+3,624)
> Population: 168,196
> 1-yr. change in median household income: +3.1% (+$2,284)
> Median household income: $75,323

This is How Much Home You Can Buy For 200K in Every State

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39. Mesa, Arizona
> 1-yr. change in median home value: +23.2% (+$65,654)
> Median home value; May 2021: $348,810
> 1-yr. population change: +1.7% (+8,526)
> Population: 499,720
> 1-yr. change in median household income: +6.4% (+$3,481)
> Median household income: $58,181

This is How Much Home You Can Buy For 200K in Every State

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38. Scottsdale, Arizona
> 1-yr. change in median home value: +23.3% (+$124,862)
> Median home value; May 2021: $661,074
> 1-yr. population change: +1.9% (+4,576)
> Population: 250,602
> 1-yr. change in median household income: +4.3% (+$3,612)
> Median household income: $88,213

This is How Much Home You Can Buy For 200K in Every State

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37. La Mesa, California
> 1-yr. change in median home value: +23.4% (+$139,913)
> Median home value; May 2021: $738,942
> 1-yr. population change: -0.0% (-6)
> Population: 59,556
> 1-yr. change in median household income: +3.3% (+$2,104)
> Median household income: $66,051

This is How Much Home You Can Buy For 200K in Every State

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36. Layton, Utah
> 1-yr. change in median home value: +23.4% (+$86,023)
> Median home value; May 2021: $453,570
> 1-yr. population change: +1.5% (+1,091)
> Population: 76,197
> 1-yr. change in median household income: +3.4% (+$2,538)
> Median household income: $77,426

This is How Much Home You Can Buy For 200K in Every State

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35. Toms River, New Jersey
> 1-yr. change in median home value: +23.6% (+$57,506)
> Median home value; May 2021: $301,472
> 1-yr. population change: +0.6% (+542)
> Population: 89,254
> 1-yr. change in median household income: +3.2% (+$2,488)
> Median household income: $79,889

This is How Much Home You Can Buy For 200K in Every State

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34. Casa Grande, Arizona
> 1-yr. change in median home value: +23.6% (+$49,150)
> Median home value; May 2021: $257,023
> 1-yr. population change: +2.5% (+1,337)
> Population: 55,653
> 1-yr. change in median household income: +7.7% (+$3,772)
> Median household income: $52,841

This is How Much Home You Can Buy For 200K in Every State

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33. Jackson, Mississippi
> 1-yr. change in median home value: +23.7% (+$11,958)
> Median home value; May 2021: $62,492
> 1-yr. population change: -1.5% (-2,479)
> Population: 166,383
> 1-yr. change in median household income: +3.5% (+$1,325)
> Median household income: $38,888

This is How Much Home You Can Buy For 200K in Every State

32. Pinellas Park, Florida
> 1-yr. change in median home value: +23.7% (+$44,151)
> Median home value; May 2021: $230,543
> 1-yr. population change: +1.1% (+566)
> Population: 52,857
> 1-yr. change in median household income: +11.1% (+$4,942)
> Median household income: $49,652

This is How Much Home You Can Buy For 200K in Every State

31. Surprise, Arizona
> 1-yr. change in median home value: +23.7% (+$67,683)
> Median home value; May 2021: $352,806
> 1-yr. population change: +1.9% (+2,546)
> Population: 135,450
> 1-yr. change in median household income: +6.0% (+$3,916)
> Median household income: $69,076

This is How Much Home You Can Buy For 200K in Every State

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30. Missoula, Montana
> 1-yr. change in median home value: +23.9% (+$86,309)
> Median home value; May 2021: $447,566
> 1-yr. population change: +2.2% (+1,585)
> Population: 73,710
> 1-yr. change in median household income: +5.4% (+$2,416)
> Median household income: $47,426

This is How Much Home You Can Buy For 200K in Every State

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29. Largo, Florida
> 1-yr. change in median home value: +24.2% (+$50,295)
> Median home value; May 2021: $258,078
> 1-yr. population change: +1.1% (+887)
> Population: 84,130
> 1-yr. change in median household income: +4.5% (+$1,907)
> Median household income: $44,323

This is How Much Home You Can Buy For 200K in Every State

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28. Bridgeport, Connecticut
> 1-yr. change in median home value: +24.2% (+$50,484)
> Median home value; May 2021: $258,838
> 1-yr. population change: -0.5% (-778)
> Population: 145,639
> 1-yr. change in median household income: +2.7% (+$1,221)
> Median household income: $46,662

This is How Much Home You Can Buy For 200K in Every State

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27. Glendale, Arizona
> 1-yr. change in median home value: +24.3% (+$63,238)
> Median home value; May 2021: $323,993
> 1-yr. population change: +0.9% (+2,299)
> Population: 247,813
> 1-yr. change in median household income: +5.2% (+$2,706)
> Median household income: $55,020

This is How Much Home You Can Buy For 200K in Every State

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26. Bend, Oregon
> 1-yr. change in median home value: +24.3% (+$120,461)
> Median home value; May 2021: $616,047
> 1-yr. population change: +3.8% (+3,417)
> Population: 93,917
> 1-yr. change in median household income: +3.5% (+$2,194)
> Median household income: $65,662

This is How Much Home You Can Buy For 200K in Every State

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25. Lake Havasu City, Arizona
> 1-yr. change in median home value: +24.4% (+$74,838)
> Median home value; May 2021: $381,196
> 1-yr. population change: +1.0% (+543)
> Population: 54,495
> 1-yr. change in median household income: +4.7% (+$2,418)
> Median household income: $53,605

This is How Much Home You Can Buy For 200K in Every State

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24. Ogden, Utah
> 1-yr. change in median home value: +24.5% (+$60,036)
> Median home value; May 2021: $304,720
> 1-yr. population change: +0.8% (+707)
> Population: 86,833
> 1-yr. change in median household income: +7.0% (+$3,254)
> Median household income: $50,061

This is How Much Home You Can Buy For 200K in Every State

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23. Phoenix, Arizona
> 1-yr. change in median home value: +24.6% (+$67,194)
> Median home value; May 2021: $340,341
> 1-yr. population change: +1.4% (+22,946)
> Population: 1,633,017
> 1-yr. change in median household income: +4.9% (+$2,694)
> Median household income: $57,459

This is How Much Home You Can Buy For 200K in Every State

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22. San Tan Valley, Arizona
> 1-yr. change in median home value: +24.6% (+$64,782)
> Median home value; May 2021: $328,063
> 1-yr. population change: +3.7% (+3,462)
> Population: 96,692
> 1-yr. change in median household income: +0.8% (+$531)
> Median household income: $67,880

This is How Much Home You Can Buy For 200K in Every State

21. Avondale, Arizona
> 1-yr. change in median home value: +24.8% (+$63,995)
> Median home value; May 2021: $322,174
> 1-yr. population change: +1.6% (+1,344)
> Population: 84,736
> 1-yr. change in median household income: +4.9% (+$2,887)
> Median household income: $61,825

This is How Much Home You Can Buy For 200K in Every State

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20. Rock Hill, South Carolina
> 1-yr. change in median home value: +25.3% (+$49,802)
> Median home value; May 2021: $246,474
> 1-yr. population change: +2.0% (+1,431)
> Population: 73,334
> 1-yr. change in median household income: +7.8% (+$3,652)
> Median household income: $50,444

This is How Much Home You Can Buy For 200K in Every State

19. Buckeye, Arizona
> 1-yr. change in median home value: +25.6% (+$66,261)
> Median home value; May 2021: $324,895
> 1-yr. population change: +6.3% (+4,114)
> Population: 69,744
> 1-yr. change in median household income: +8.8% (+$5,775)
> Median household income: $71,707

This is How Much Home You Can Buy For 200K in Every State

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18. Cleveland, Ohio
> 1-yr. change in median home value: +25.7% (+$18,209)
> Median home value; May 2021: $88,987
> 1-yr. population change: -0.5% (-2,116)
> Population: 385,282
> 1-yr. change in median household income: +6.5% (+$1,899)
> Median household income: $30,907

This is How Much Home You Can Buy For 200K in Every State

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17. St. Petersburg, Florida
> 1-yr. change in median home value: +26.5% (+$57,996)
> Median home value; May 2021: $276,731
> 1-yr. population change: +0.9% (+2,297)
> Population: 261,338
> 1-yr. change in median household income: +5.9% (+$3,166)
> Median household income: $56,982

This is How Much Home You Can Buy For 200K in Every State

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16. Detroit, Michigan
> 1-yr. change in median home value: +27.1% (+$10,890)
> Median home value; May 2021: $51,083
> 1-yr. population change: -0.3% (-2,314)
> Population: 674,841
> 1-yr. change in median household income: +4.8% (+$1,413)
> Median household income: $30,894

This is How Much Home You Can Buy For 200K in Every State

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15. Coeur d’Alene, Idaho
> 1-yr. change in median home value: +27.8% (+$103,820)
> Median home value; May 2021: $476,645
> 1-yr. population change: +1.9% (+931)
> Population: 50,540
> 1-yr. change in median household income: +4.5% (+$2,180)
> Median household income: $51,073

This is How Much Home You Can Buy For 200K in Every State

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14. Waterbury, Connecticut
> 1-yr. change in median home value: +28.1% (+$38,126)
> Median home value; May 2021: $173,793
> 1-yr. population change: -0.4% (-396)
> Population: 108,276
> 1-yr. change in median household income: +1.9% (+$784)
> Median household income: $42,401

This is How Much Home You Can Buy For 200K in Every State

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13. Austin, Texas
> 1-yr. change in median home value: +29.8% (+$124,115)
> Median home value; May 2021: $540,086
> 1-yr. population change: +1.6% (+15,052)
> Population: 950,807
> 1-yr. change in median household income: +6.1% (+$4,114)
> Median household income: $71,576

This is How Much Home You Can Buy For 200K in Every State

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12. Youngstown, Ohio
> 1-yr. change in median home value: +30.1% (+$8,963)
> Median home value; May 2021: $38,758
> 1-yr. population change: +0.1% (+49)
> Population: 64,783
> 1-yr. change in median household income: +6.9% (+$1,871)
> Median household income: $28,822

This is How Much Home You Can Buy For 200K in Every State

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11. Georgetown, Texas
> 1-yr. change in median home value: +30.4% (+$97,965)
> Median home value; May 2021: $419,835
> 1-yr. population change: +6.3% (+4,200)
> Population: 71,004
> 1-yr. change in median household income: +3.4% (+$2,412)
> Median household income: $73,822

This is How Much Home You Can Buy For 200K in Every State

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10. Pflugerville, Texas
> 1-yr. change in median home value: +32.2% (+$92,613)
> Median home value; May 2021: $380,330
> 1-yr. population change: +3.3% (+1,980)
> Population: 61,737
> 1-yr. change in median household income: +6.1% (+$5,395)
> Median household income: $93,627

This is How Much Home You Can Buy For 200K in Every State

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9. Cedar Park, Texas
> 1-yr. change in median home value: +33.8% (+$117,410)
> Median home value; May 2021: $464,674
> 1-yr. population change: +3.3% (+2,399)
> Population: 74,814
> 1-yr. change in median household income: +2.1% (+$2,174)
> Median household income: $104,019

This is How Much Home You Can Buy For 200K in Every State

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8. Round Rock, Texas
> 1-yr. change in median home value: +34.7% (+$107,336)
> Median home value; May 2021: $416,663
> 1-yr. population change: +3.6% (+4,277)
> Population: 124,434
> 1-yr. change in median household income: +2.5% (+$2,039)
> Median household income: $82,676

This is How Much Home You Can Buy For 200K in Every State

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7. Meridian, Idaho
> 1-yr. change in median home value: +34.9% (+$127,184)
> Median home value; May 2021: $491,887
> 1-yr. population change: +5.0% (+4,897)
> Population: 101,905
> 1-yr. change in median household income: +4.8% (+$3,258)
> Median household income: $71,389

This is How Much Home You Can Buy For 200K in Every State

6. Leander, Texas
> 1-yr. change in median home value: +34.9% (+$109,413)
> Median home value; May 2021: $422,574
> 1-yr. population change: +15.7% (+7,297)
> Population: 53,716
> 1-yr. change in median household income: +10.2% (+$9,446)
> Median household income: $101,872

This is How Much Home You Can Buy For 200K in Every State

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5. Boise, Idaho
> 1-yr. change in median home value: +36.6% (+$126,517)
> Median home value; May 2021: $472,634
> 1-yr. population change: +0.8% (+1,815)
> Population: 226,115
> 1-yr. change in median household income: +5.7% (+$3,237)
> Median household income: $60,035

This is How Much Home You Can Buy For 200K in Every State

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4. Flint, Michigan
> 1-yr. change in median home value: +36.9% (+$10,675)
> Median home value; May 2021: $39,643
> 1-yr. population change: -0.6% (-602)
> Population: 96,559
> 1-yr. change in median household income: +4.0% (+$1,117)
> Median household income: $28,834

This is How Much Home You Can Buy For 200K in Every State

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3. Caldwell, Idaho
> 1-yr. change in median home value: +37.6% (+$95,211)
> Median home value; May 2021: $348,175
> 1-yr. population change: +3.2% (+1,682)
> Population: 54,887
> 1-yr. change in median household income: +3.3% (+$1,587)
> Median household income: $49,046

This is How Much Home You Can Buy For 200K in Every State

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2. Nampa, Idaho
> 1-yr. change in median home value: +37.9% (+$100,100)
> Median home value; May 2021: $364,235
> 1-yr. population change: +2.5% (+2,289)
> Population: 93,952
> 1-yr. change in median household income: +9.3% (+$4,155)
> Median household income: $48,846

This is How Much Home You Can Buy For 200K in Every State

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1. Rochester, New York
> 1-yr. change in median home value: +43.1% (+$103,209)
> Median home value; May 2021: $342,582
> 1-yr. population change: -0.4% (-930)
> Population: 206,848
> 1-yr. change in median household income: +6.6% (+$2,191)
> Median household income: $35,590

This is How Much Home You Can Buy For 200K in Every State

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