Yahoo Finance Real Estate 2024: See How Home Values Are Changing in 50 of America’s Wealthiest Cities
Soared. Surged. Ballooned. Spiked.
They’re all words that describe home values over the last five years in 50 of the richest cities in the United States. According to the latest data from Zillow, compiled and broken down for comparison by GOBankingRates.
Of the 50 richest cities for which Zillow data was available, average home values have seen double-digit increases in all but one — Bronxville, New York fell just short of 10%. The numbers cover the period from April 2019 to April 2024.
Half of the cities on the list have seen home values increase by 40% or more during that time period. Two cities saw spikes of more than 100%.
In other words, a lot of million-dollar homes have turned into two-million dollar homes, two-million dollar homes have turned into three-million dollar homes, etc.
For perspective, take a look at Hidden Hills, California, a gated community located in the mountains outside of Los Angeles with an average annual household income of $423,000. The average home value in Hidden Hills was $5.3 million this past April. That’s an increase of about $1.9 million since five years ago.
Year-over-year numbers (April 2024 compared to April 2023) show value increases for 40 of the 50 cities, with boosts ranging from a half-percent to nearly 15 percent. The trend appears to be continuing so far this year, with values since January in 40 of 50 cities up (ranging from slight increases to 4%).
Here’s our full list with key figures for each city. The list includes 16 cities from California, far more than any other state.
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50. Southlake, Texas
Average household income: $360,078
April 2019 home value: $733,224
April 2023 home value: $1,170,121
January 2024 home value: $1,222,246
April 2024 home value: $1,259,835
5-year change in home value: +71.82%
1-year-change in home value: + 7.67%
Year-to-date change in home value: + 3.08%
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49. Moreland Hills, Ohio
Average household income: $361,478
April 2019 home value: $475,716
April 2023 home value: $630,894
January 2024 home value: $663,751
April 2024 home value: $677,352
5-year change in home value: + 35.44%
1-year-change in home value: + 7.70%
Year-to-date change in home value: + 2.05%
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48. McLean, Virginia
Average household income: $364,093
April 2019 home value: $1,152,725
April 2023 home value: $1,449,724
January 2024 home value: $1,527,041
April 2024 home value: $1,561,295
5-year change in home value: +35.44%
1-year-change in home value: + 7.70%
Year-to-date change in home value: + 2.24%
47. Palm Beach, Florida
Average household income: $365,991
April 2019 home value: $4,864,202
April 2023 home value: $12,273,151
January 2024 home value: $11,477,902
April 2024 home value: $11,692,536
5-year change in home value: + 140.38%
1-year-change in home value: -4.73%
Year-to-date change in home value: 1.87%
46. Wellesley, Massachusetts
Average household income: $367,801
April 2019 home value: $1,370,848
April 2023 home value: $1,829,714
January 2024 home value: $1,955,570
April 2024 home value: $2,013,582
5-year change in home value: +46.89%
1-year-change in home value: +10.05%
Year-to-date change in home value: +2.97%
45. Orinda, California
Average household income: $370,203
April 2019 home value: $1,584,964
April 2023 home value: $2,067,045
January 2024 home value: $2,138,511
April 2024 home value: $2,138,640
5-year change in home value: + 34.93%
1-year-change in home value: + 3.46%
Year-to-date change in home value: + 0.01%
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44. Kiawah Island, South Carolina
Average household income: $371,032
April 2019 home value: $1,190,404
April 2023 home value: $2,265,940
January 2024 home value: $2,393,393
April 2024 home value: $2,455,271
5-year change in home value: +106.26%
1-year-change in home value: + 8.36%
Year-to-date change in home value: + 2.59%
43. Lloyd Harbor, New York
Average household income: $372,238
April 2019 home value: $1,620,142
April 2023 home value: $2,047,079
January 2024 home value: $1,965,206
April 2024 home value: $1,966,168
5-year change in home value: + 21.36%
1-year-change in home value: -3.95%
Year-to-date change in home value: + 0.05%
42. Great Falls, Virginia
Average household income: $373,735
April 2019 home value: $1,112,139
April 2023 home value: $1,490,938
January 2024 home value: $1,556,071
April 2024 home value: $1,587,229
5-year change in home value: +42.72%
1-year-change in home value: + 6.46%
Year-to-date change in home value: +2.00%
41. Columbine Valley, Colorado
Average household income: $379,990
April 2019 home value: $1,047,975
April 2023 home value: $1,621,707
January 2024 home value: $1,682,902
April 2024 home value: $1,698,760
5-year change in home value: + 62.10%
1-year-change in home value: + 4.75%
Year-to-date change in home value: + 0.94%
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40. Hinsdale, Illinois
Average household income: $380,479
April 2019 home value: $922,502
April 2023 home value: $1,027,513
January 2024 home value: $1,077,327
April 2024 home value: $1,100,625
5-year change in home value: + 19.31%
1-year-change in home value: +7.12%
Year-to-date change in home value: +2.16%
39. University Park, Texas
Average household income: $381,235
April 2019 home value: $1,387,892
April 2023 home value: $2,131,936
January 2024 home value: $2,292,164
April 2024 home value: $2,360,468
5-year change in home value: +70.08%
1-year-change in home value: +10.72%
Year-to-date change in home value: +2.98%
38. Glencoe, Illinois
Average household income: $383,105
April 2019 home value: $944,532
April 2023 home value: $1,243,304
January 2024 home value: $1,306,462
April 2024 home value: $1,343,141
5-year change in home value: +42.20%
1-year-change in home value: +8.03%
Year-to-date change in home value: +2.81%
37. Frontenac, Missouri
Average household income: $384,521
April 2019 home value: $789,307
April 2023 home value: $1,053,320
January 2024 home value: $1,098,438
April 2024 home value: $1,129,457
5-year change in home value: +43.09%
1-year-change in home value: +7.23%
Year-to-date change in home value: +2.82%
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36. Paradise Valley, Arizona
Average household income: $385,643
April 2019 home value: $1,914,502
April 2023 home value: $3,185,178
January 2024 home value: $3,423,573
April 2024 home value: $3,498,257
5-year change in home value: +82.72%
1-year-change in home value: +9.83%
Year-to-date change in home value: +2.18%
35. Alamo, California
Average household income: $385,967
April 2019 home value: $1,787,794
April 2023 home value: $2,460,824
January 2024 home value: $2,601,596
April 2024 home value: $2,607,126
5-year change in home value: +45.83%
1-year-change in home value: +5.95%
Year-to-date change in home value: +0.21%
34. Glen Ellen, California
Average household income: $390,283
April 2019 home value: $1,090,917
April 2023 home value: $1,313,484
January 2024 home value: $1,302,974
April 2024 home value: $1,309,668
5-year change in home value: +20.05%
1-year-change in home value: -0.29%
Year-to-date change in home value: +0.51%
33. East Hills, New York
Average household income: $391,360
April 2019 home value: $1,184,797
April 2023 home value: $1,436,082
January 2024 home value: $1,555,925
April 2024 home value: $1,610,299
5-year change in home value: +35.91%
1-year-change in home value: +12.13%
Year-to-date change in home value: +3.49%
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32. The Village of Indian Hill, Ohio
Average household income: $399,251
April 2019 home value: $1,035,222
April 2023 home value: $1,403,644
January 2024 home value: $1,472,019
April 2024 home value: $1,513,423
5-year change in home value: +46.19%
1-year-change in home value: +7.82%
Year-to-date change in home value: +2.81%
31. Los Altos, California
Average household income: $400,817
April 2019 home value: $3,485,025
April 2023 home value: $4,239,076
January 2024 home value: $4,598,265
April 2024 home value: $4,554,568
5-year change in home value: +30.69%
1-year-change in home value: +7.44%
Year-to-date change in home value: -0.95%
30. Piedmont, California
Average household income: $404,409
April 2019 home value: $2,218,935
April 2023 home value: $2,697,962
January 2024 home value: $2,693,989
April 2024 home value: $2,672,050
5-year change in home value: +20.42%
1-year-change in home value: -0.96%
Year-to-date change in home value: -0.81%
29. Ladue, Missouri
Average household income: $405,058
April 2019 home value: $858,437
April 2023 home value: $1,105,365
January 2024 home value: $1,168,842
April 2024 home value: $1,184,236
5-year change in home value: +37.95%
1-year-change in home value: +7.14%
Year-to-date change in home value: +1.32%
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28. Huntington Bay, New York
Average household income: $414,276
April 2019 home value: $1,158,568
April 2023 home value: $1,482,925
January 2024 home value: $1,455,033
April 2024 home value: $1,489,709
5-year change in home value: +28.58%
1-year-change in home value: +0.46%
Year-to-date change in home value: +2.38%
27. Bronxville, New York
Average household income: $416,514
April 2019 home value: $1,419,097
April 2023 home value: $1,699,417
January 2024 home value: $1,536,610
April 2024 home value: $1,541,352
5-year change in home value: +8.62%
1-year-change in home value: -9.30%
Year-to-date change in home value: +0.31%
26. Monte Sereno, California
Average household income: $422,996
April 2019 home value: $3,119,627
April 2023 home value: $4,091,558
January 2024 home value: $4,409,665
April 2024 home value: $4,377,562
5-year change in home value: +40.32%
1-year-change in home value: +6.99%
Year-to-date change in home value: -0.73%
25. Hidden Hills, California
Average household income: $423,224
April 2019 home value: $3,431,904
April 2023 home value: $4,971,980
January 2024 home value: $5,376,543
April 2024 home value: $5,341,436
5-year change in home value: +55.64%
1-year-change in home value: +7.43%
Year-to-date change in home value: -0.65%
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24. Rumson, New Jersey
Average household income: $424,834
April 2019 home value: $1,241,227
April 2023 home value: $1,803,835
January 2024 home value: $1,953,624
April 2024 home value: $2,004,156
5-year change in home value: +61.47%
1-year-change in home value: +11.11%
Year-to-date change in home value: +2.59%
23. Ross, California
Average household income: $430,034
April 2019 home value: $3,020,315
April 2023 home value: $3,849,705
January 2024 home value: $3,928,761
April 2024 home value: $3,902,901
5-year change in home value: +29.22%
1-year-change in home value: +1.38%
Year-to-date change in home value: -0.66%
22. Emerald Lake Hills, California
Average household income: $434,552
April 2019 home value: $2,283,976
April 2023 home value: $2,711,261
January 2024 home value: $2,669,967
April 2024 home value: $2,698,310
5-year change in home value: +18.14%
1-year-change in home value: -0.48%
Year-to-date change in home value: +1.06%
21. Oyster Bay Cove, New York
Average household income: $436,764
April 2019 home value: $1,480,140
April 2023 home value: $1,864,908
January 2024 home value: $1,972,461
April 2024 home value: $2,030,714
5-year change in home value: +37.20%
1-year-change in home value: +8.89%
Year-to-date change in home value: +2.95%
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20. Belvedere, California
Average household income: $437,620
April 2019 home value: $3,717,796
April 2023 home value: $4,527,973
January 2024 home value: $4,562,127
April 2024 home value: $4,523,443
5-year change in home value: +21.67%
1-year-change in home value: -0.10%
Year-to-date change in home value: -0.85%
19. Kenilworth, Illinois
Average household income: $437,822
April 2019 home value: $1,178,252
April 2023 home value: $1,636,722
January 2024 home value: $1,649,533
April 2024 home value: $1,694,658
5-year change in home value: +43.83%
1-year-change in home value: +3.54%
Year-to-date change in home value: +2.74%
18. Medina, Washington
Average household income: $439,677
April 2019 home value: $3,097,188
April 2023 home value: $4,332,595
January 2024 home value: $4,426,397
April 2024 home value: $4,525,767
5-year change in home value: +46.13%
1-year-change in home value: +4.46%
Year-to-date change in home value: +2.24%
17. Woodside, California
Average household income: $445,543
April 2019 home value: $3,084,699
April 2023 home value: $3,805,075
January 2024 home value: $3,765,654
April 2024 home value: $3,781,023
5-year change in home value: +22.57%
1-year-change in home value: -0.63%
Year-to-date change in home value: +0.41%
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16. Old Westbury, New York
Average household income: $456,581
April 2019 home value: $1,917,496
April 2023 home value: $2,289,355
January 2024 home value: $2,510,074
April 2024 home value: $2,581,665
5-year change in home value: +34.64%
1-year-change in home value: +12.77%
Year-to-date change in home value: +2.85%
15. Winnetka, Illinois
Average household income: $458,988
April 2019 home value: $1,122,347
April 2023 home value: $1,499,856
January 2024 home value: $1,535,093
April 2024 home value: $1,578,589
5-year change in home value: +40.65%
1-year-change in home value: +5.25%
Year-to-date change in home value: +2.83%
14. Los Altos Hills, California
Average household income: $460,098
April 2019 home value: $4,644,809
April 2023 home value: $5,672,657
January 2024 home value: $6,018,517
April 2024 home value: $5,941,024
5-year change in home value: +27.91%
1-year-change in home value: +4.73%
Year-to-date change in home value: -1.29%
13. Portola Valley, California
Average household income: $462,935
April 2019 home value: $3,432,518
April 2023 home value: $3,968,468
January 2024 home value: $4,032,159
April 2024 home value: $4,072,735
5-year change in home value: +18.65%
1-year-change in home value: +2.63%
Year-to-date change in home value: +1.01%
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12. Highland Park, Texas
Average household income: $469,267
April 2019 home value: $1,636,495
April 2023 home value: $2,603,006
January 2024 home value: $2,920,718
April 2024 home value: $2,986,399
5-year change in home value: +82.49%
1-year-change in home value: +14.73%
Year-to-date change in home value: +2.25%
11. Chevy Chase, Maryland
Average household income: $474,539
April 2019 home value: $1,235,457
April 2023 home value: $1,575,346
January 2024 home value: $1,554,500
April 2024 home value: $1,588,269
5-year change in home value: +28.56%
1-year-change in home value: +0.82%
Year-to-date change in home value: +2.17%
10. Rolling Hills, California
Average household income: $481,340
April 2019 home value: $2,505,577
April 2023 home value: $3,315,879
January 2024 home value: $3,519,261
April 2024 home value: $3,446,367
5-year change in home value: +37.55%
1-year-change in home value: +3.94%
Year-to-date change in home value: -2.07%
9. Short Hills, New Jersey
Average household income: $481,717
April 2019 home value: $1,492,269
April 2023 home value: $1,900,850
January 2024 home value: $2,035,180
April 2024 home value: $2,117,872
5-year change in home value: +41.92%
1-year-change in home value: +11.42%
Year-to-date change in home value: +4.06%
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8. Sands Point, New York
Average household income: $481,979
April 2019 home value: $2,384,613
April 2023 home value: $2,825,956
January 2024 home value: $2,917,801
April 2024 home value: $2,970,468
5-year change in home value: +24.57%
1-year-change in home value: +5.11%
Year-to-date change in home value: +1.81%
7. Clyde Hill, Washington
Average household income: $483,738
April 2019 home value: $2,838,391
April 2023 home value: $4,018,991
January 2024 home value: $4,007,389
April 2024 home value: $4,068,387
5-year change in home value: +43.33%
1-year-change in home value: +1.23%
Year-to-date change in home value: +1.52%
6. Mission Hills, Kansas
Average household income: $483,849
April 2019 home value: $989,948
April 2023 home value: $1,318,321
January 2024 home value: $1,387,788
April 2024 home value: $1,390,282
5-year change in home value: +40.44%
1-year-change in home value: +5.46%
Year-to-date change in home value: +0.18%
5. Dover, Massachusetts
Average household income: $484,787
April 2019 home value: $1,193,149
April 2023 home value: $1,609,680
January 2024 home value: $1,667,233
April 2024 home value: $1,704,639
5-year change in home value: +42.87%
1-year-change in home value: +5.90%
Year-to-date change in home value: +2.24%
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4. Cherry Hills Village, Colorado
Average household income: $486,405
April 2019 home value: $1,877,933
April 2023 home value: $2,915,706
January 2024 home value: $3,104,436
April 2024 home value: $3,132,653
5-year change in home value: +66.81%
1-year-change in home value: +7.44%
Year-to-date change in home value: +0.91%
3. Laurel Hollow, New York
Average household income: $493,460
April 2019 home value: $1,538,861
April 2023 home value: $1,875,166
January 2024 home value: $1,960,451
April 2024 home value: $2,021,292
5-year change in home value: +31.35%
1-year-change in home value: +7.79%
Year-to-date change in home value: +3.10%
2. Hillsborough, California
Average household income: $539,950
April 2019 home value: $4,422,425
April 2023 home value: $5,420,910
January 2024 home value: $5,377,801
April 2024 home value: $5,308,908
5-year change in home value: +20.05%
1-year-change in home value: -2.07%
Year-to-date change in home value: -1.28%
1. Atherton, California
Average household income: $594,651
April 2019 home value: $6,217,191
April 2023 home value: $7,804,883
January 2024 home value: $7,704,956
April 2024 home value: $7,693,373
5-year change in home value: +23.74%
1-year-change in home value: -1.43%
Year-to-date change in home value: -0.15%
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This article originally appeared on GOBankingRates.com: Real Estate 2024: See How Home Values Are Changing in 50 of America’s Wealthiest Cities
