Yahoo Finance Housing Market 2024: 50 Places Where Home Values Increased 10% in the Last Year
When you factor in inflation, average median income and cost of living, fluctuations in U.S. home values are expected.
Home values vary nationwide and don’t increase at the same pace, time or rate. Between April 2021 and 2022, home prices rose nationally by more than 18%, growing faster than annual salaries.
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GOBankingRates analyzed locations where home values have increased by 10% or more in the last year. This study provides the average home values of these places between April 2023 and 2024, highlighting both the dollar and percentage change.
Irvine, California
April 2023 Home Value: $1,480,581
April 2024 Home Value: $1,769,435
YoY ($) Change in Home Value: $288,854
YoY (%) Change in Home Value: 19.51%
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Waterbury, Connecticut
April 2023 Home Value: $228,149
April 2024 Home Value: $267,105
YoY ($) Change in Home Value: $38,956
YoY (%) Change in Home Value: 17.07%
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Rockford, Illinois
April 2023 Home Value: $132,541
April 2024 Home Value: $152,441
YoY ($) Change in Home Value: $19,901
YoY (%) Change in Home Value: 15.01%
New Britain, Connecticut
April 2023 Home Value: $239,394
April 2024 Home Value: $274,979
YoY ($) Change in Home Value: $35,585
YoY (%) Change in Home Value: 14.86%
Lakewood, New Jersey
April 2023 Home Value: $655,259
April 2024 Home Value: $751,412
YoY ($) Change in Home Value: $96,153
YoY (%) Change in Home Value: 14.67%
Tustin, California
April 2023 Home Value: $1,104,754
April 2024 Home Value: $1,262.369
YoY ($) Change in Home Value: $157,615
YoY (%) Change in Home Value: 14.27%
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Mission Viejo, California
April 2023 Home Value: $1,095,410
April 2024 Home Value: $1,251,158
YoY ($) Change in Home Value: $1545,748
YoY (%) Change in Home Value: 14.22%
Lake Forest, California
April 2023 Home Value: $1,121,483
April 2024 Home Value: $1,275,805
YoY ($) Change in Home Value: $154,322
YoY (%) Change in Home Value: 13.76%
Newton, Massachusetts
April 2023 Home Value: $1,497,386
April 2024 Home Value: $1,700,207
YoY ($) Change in Home Value: $202,821
YoY (%) Change in Home Value: 13.54%
Carlsbad, California
April 2023 Home Value: $1,469,899
April 2024 Home Value: $1,666,351
YoY ($) Change in Home Value: $196,452
YoY (5) Change in Home Value: 13.36%
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Syracuse, New York
April 2023 Home Value: $162,736
April 2024 Home Value: $184,080
YoY ($) Change in Home Value: $21,344
YoY (%) Change in Home Value: 13.12%
Stamford, Connecticut
April 2023 Home Value: $730,669
April 2024 Home Value: $826,497
YoY ($) Change in Home Value: $95,829
YoY (%) Change in Home Value: 13.12%
Milpitas, California
April 2023 Home Value: $1,420,354
April 2024 Home Value: $1,605,206
YoY ($) Change in Home Value: $184,854
YoY (%) Change in Home Value: 13.01%
Elizabeth, New Jersey
April 2023 Home Value: $460,247
April 2024 Home Value: $520,146
YoY ($) Change in Home Value: $58.899
YoY (%) Change in Home Value: 13.01%
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Fremont, California
April 2023 Home Value: $1,501,010
April 2024 Home Value: $1,691,180
YoY ($) Change in Home Value: $190,170
YoY (%) Change in Home Value: 12.67%
San Diego
April 2023 Home Value: $1,032,897
April 2024 Home Value: $1,163,681
YoY ($) Change in Home Value: $130,784
YoY (%) Change in Home Value: 12.66%
El Cajon, California
April 2023 Home Value: $769,299
April 2024 Home Value: $866,197
YoY ($) Change in Home Value: $96,898
YoY (5) Change in Home Value: $12.60%
Bridgeport, Connecticut
April 2023 Home Value: $317,828
April 2024 Home Value: $ 357,794
YoY ($) Change in Home Value: $39,967
YoY (%) Change in Home Value: 12.57%
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Westminster, California
April 2023 Home Value: $935,156
April 2024 Home Value: $1,051,713
YoY ($) Change in Home Value: $116,557
YoY (%) Change in Home Value: 12.46%
Pictured: Nearby Santa Ana, California
Newport Beach, California
April 2023 Home Value: $3,462,313
April 2024 Home Value: $3,889,614
YoY ($) Change in Home Value: $427,301
YoY (5) Change in Home Value: 12.34%
La Mesa, California
April 2023 Home Value: $853,305
April 2024 Home Value: $958,144
YoY ($) Change in Home Value: $104,839
YoY (%) Change in Home Value: 12.29%
Mount Pleasant, South Carolina
April 2023 Home Value: $785,268
April 2024 Home Value: $881,275
YoY ($) Change in Home Value: $96,007
YoY (%) Change in Home Value: 12.23%
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Wilkes-Barre, Pennsylvania
April 2023 Home Value: $132,996
April 2024 Home Value: $149.196
YoY ($) Change in Home Value: $16,200
YoY (%) Change in Home Value: 12.18%
Norwalk, Connecticut
April 2023 Home Value: $596,022
April 2024 Home Value: $668,538
YoY ($) Change in Home Value: $72,516
YoY (%) Change in Home Value: 12.17%
Orange, California
April 2023 Home Value: $1,011,799
April 2024 Home Value: $1,134,680
YoY ($) Change in Home Value: $122,881
YoY (%) Change in Home Value: 12.14%
Miami Gardens, Florida
April 2023 Home Value: $418,688
April 2024 Home Value: $469,300
YoY ($) Change in Home Value: $50,612
YoY (%) Change in Home Value: 12.09%
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San Jose, California
April 2023 Home Value: $1,412,048
April 2024 Home Value: $1,581,617
YoY ($) Change in Home Value: $169,568
YoY (%) Change in Home Value: 12.01%
Garden Grove, California
April 2023 Home Value: $865,996
April 2024 Home Value: $969,938
YoY ($) Change in Home Value: $103,942
YoY (%) Change in Home Value: 12.00%
Racine, Wisconsin
April 2023 Home Value: $166,043
April 2024 Home Value: $185,798
YoY ($) Change in Home Value: $19,754
YoY (%) Change in Home Value: 11.90%
Glen Allen, Virginia
April 2023 Home Value: $448,159
April 2024 Home Value: $501.063
YoY ($) Change in Home Value: $52,904
YoY (%) Change in Home Value: 11.80%
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Sunnyvale, California
April 2023 Home Value: $2,110,656
April 2024 Home Value: $2,359,549
YoY ($) Change in Home Value: $248,893
YoY (%) Change in Home Value: 11.79%
Chula Vista, California
April 2023 Home Value: $812,417
April 2024 Home Value: $907,816
YoY ($) Change in Home Value: $95,399
YoY (%) Change in Home Value: 11.74%
Costa Mesa, California
April 2023 Home Value: $1,236,641
April 2024 Home Value: $1,381,551
YoY ($) Change in Home Value: $144,910
YoY (%) Change in Home Value: 11.72%
Vista, California
April 2023 Home Value: $809,742
April 2024 Home Value: $904,390
YoY ($) Change in Home Value: $94,648
YoY (%) Change in Home Value: 11.69%
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Santa Clara, California
April 2023 Home Value: $1,643,925
April 2024 Home Value: $1,835,803
YoY ($) Change in Home Value: $191,878
YoY (%) Change in Home Value: 11.67%
Pictured: San Jose
Danbury, Connecticut
April 2023 Home Value: $433,817
April 2024 Home Value: $484,403
YoY ($) Change in Home Value: $50,586
YoY (%) Change in Home Value: 11.66%
Green Bay, Wisconsin
April 2023 Home Value: $226,333
April 2024 Home Value: $252,624
YoY ($) Change in Home Value: $26,291
YoY (%) Change in Home Value: 11.62%
Edison, New Jersey
April 2023 Home Value: $549,721
April 2024 Home Value: $613,135
YoY ($) Change in Home Value: $63,414
YoY (%) Change in Home Value: 11.54%
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Spring Valley, California
April 2023 Home Value: $701,487
April 2024 Home Value: $781,872
YoY ($) Change in Home Value: $80,384
YoY (%) Change in Home Value: 11.46%
Trenton, New Jersey
April 2023 Home Value: $290,872
April 2024 Home Value: $324,136
YoY ($) Change in Home Value: $33,264
YoY (%) Change in Home Value: 11.44%
Lowell, Massachusetts
April 2023 Home Value: $456,515
April 2024 Home Value: $508,605
YoY ($) Change in Home Value: $52,090
YoY (%) Change in Home Value: 11.41%
Brick, New Jersey
April 2023 Home Value: $435,314
April 2024 Home Value: $484,958
YoY ($) Change in Home Value: $49,645
YoY (%) Change in Home Value: 11.40%
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Huntington Beach, California
April 2023 Home Value: $1,250,781
April 2024 Home Value: $1,392,934
YoY ($) Change in Home Value: $142,153
YoY (%) Change in Home Value: 11.37%
San Marcos, California
April 2023 Home Value: $927,726
April 2024 Home Value: $1,032,955
YoY ($) Change in Home Value: $105,229
YoY (%) Change in Home Value: 11.34%
Peoria, Illinois
April 2023 Home Value: $109,456
April 2024 Home Value: $121,845
YoY ($) Change in Home Value: $12,389
YoY (%) Change in Home Value: 11.32%
Santa Ana, California
April 2023 Home Value: $776,273
April 2024 Home Value: $864,018
YoY ($) Change in Home Value: $87,745
YoY (%) Change in Home Value: 11.30%
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Providence, Rhode Island
April 2023 Home Value: $350,942
April 2024 Home Value: $390,530
YoY ($) Change in Home Value: $39,588
YoY (%) Change in Home Value: 11.28%
Naperville, Illinois
April 2023 Home Value: $530,382
April 2024 Home Value: $590,197
YoY ($) Change in Home Value: $59,814
YoY (%) Change in Home Value: 11.28%
Oceanside, California
April 2023 Home Value: $818,038
April 2024 Home Value: $910,273
YoY ($) Change in Home Value: $92,235
YoY (%) Change in Home Value: 11.28%
Knoxville, Tennessee
April 2023 Home Value: $319,927
April 2024 Home Value: $355,940
YoY ($) Change in Home Value: $36,013
YoY (%) Change in Home Value: 11.26%
Methodology: For this piece, GOBankingRates used Zillow’s April 2024 data to find the cities where home values have jumped over 10% from April 2023 to April 2024. Only those within the 750 biggest housing markets were included. All data was collected on and is up to date as of June 25, 2024.
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This article originally appeared on GOBankingRates.com: Housing Market 2024: 50 Places Where Home Values Increased 10% in the Last Year
