Walter Gorman

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Home Prices Nationwide Rose 5.4%

Oct 5
3:29
PM
Category | Blog

 In the year ending in the second quarter of 2020, home prices nationwide rose 5.4%.  The color coded map below reflects the percent change in home prices in the year ending in the second quarter of 2020 by state.  The data reflect the prices of homes sold with conforming financing.

 

Percent change in home prices, by state

 

Growth over the
last year

Average annual growth
over the last 10 years

State

% Chg

Rank

% Chg

Rank

Alabama

7.2

10

3.1

34

Alaska*

2.6

47

2.2

43 - T

Arizona

9.1

2

6.9

2

Arkansas

5.4

23

2.7

38 - T

California

4.2

38

6.1

8

Colorado

4.4

35 - T

6.8

3 - T

Connecticut

2.8

45 - T

0.7

51

Delaware*

5.6

20 - T

1.8

48

District of Columbia*

1.4

49

6.3

6

Florida

6.8

12

6.6

5

Georgia

6.1

15

4.9

13

Hawaii*

7.5

7 - T

4.6

15

Idaho

10.8

1

6.8

3 - T

Illinois

2.5

48

1.7

49

Indiana

7.7

5 - T

4.1

17 - T

Iowa

4.7

30 - T

3.0

35

Kansas

5.8

18

3.2

31 - T

Kentucky

4.7

30 - T

3.4

28 - T

Louisiana

3.4

44

2.6

40 - T

Maine

6.5

13

3.4

28 - T

Maryland

2.8

45 - T

2.2

43 - T

Massachusetts

5.0

27 - T

3.8

25

Michigan

5.1

25 - T

5.6

10

Minnesota

5.5

22

4.1

17 - T

Mississippi

3.6

43

2.2

43 - T

Missouri

6.4

14

3.5

26 - T

Montana

5.1

25 - T

4.0

20 - T

Nebraska

4.8

29

4.1

17 - T

Nevada

3.8

41 - T

8.0

1

New Hampshire

5.3

24

3.5

26 - T

New Jersey

4.5

33 - T

1.6

50

New Mexico

7.7

5 - T

2.4

42

New York

4.7

30 - T

2.6

40 - T

North Carolina

5.9

16 - T

3.9

22 - T

North Dakota*

1.1

50 - T

4.2

16

Ohio

7.5

7 - T

3.9

22 - T

Oklahoma

7.3

9

3.2

31 - T

Oregon

5.6

20 - T

5.4

11

Pennsylvania

4.3

37

2.7

38 - T

Rhode Island

4.1

39

3.2

31 - T

South Carolina

5.7

19

4.0

20 - T

South Dakota

3.8

41 - T

3.9

22 - T

Tennessee

7.1

11

4.8

14

Texas

4.5

33 - T

5.1

12

Utah

8.1

4

6.2

7

Vermont*

3.9

40

2.2

43 - T

Virginia

4.4

35 - T

2.8

37

Washington

8.6

3

6.0

9

West Virginia*

1.1

50 - T

1.9

47

Wisconsin

5.9

16 - T

3.4

28 - T

Wyoming*

5.0

27 - T

2.9

36

 

Percent change in home prices in the Top 100 Metro Areas

 

Growth over the
last year

Average annual growth
over the last 10 years

Metro Area

% Chg

Rank

% Chg

Rank

Akron, OH

5.9

44 - T

3.3

68 - T

Albany-Schenectady-Troy, NY

3.5

85

1.6

92 - T

Albuquerque, NM

7.9

16 - T

2.5

80 - T

Allentown-Bethlehem-Easton, PA-NJ

1.5

96 - T

1.6

92 - T

Anaheim-Santa Ana-Irvine, CA  (MSAD)

4.6

67

5.0

37 - T

Atlanta-Sandy Springs-Alpharetta, GA

6.0

41 - T

5.9

28

Austin-Round Rock-Georgetown, TX

8.1

14

7.0

11 - T

Bakersfield, CA

7.3

25

5.2

36

Baltimore-Columbia-Towson, MD

1.8

94

1.8

90 - T

Baton Rouge, LA

1.6

95

2.4

82

Birmingham-Hoover, AL

6.2

38 - T

4.0

54 - T

Boise City, ID

11.2

2 - T

9.5

1

Boston, MA  (MSAD)

4.4

71 - T

4.0

54 - T

Bridgeport-Stamford-Norwalk, CT

2.7

88 - T

1.0

98

Buffalo-Cheektowaga, NY

5.2

55 - T

4.1

52 - T

Cambridge-Newton-Framingham, MA  (MSAD)

5.3

52 - T

4.3

50 - T

Camden, NJ  (MSAD)

6.3

36 - T

1.2

97

Cape Coral-Fort Myers, FL

7.5

23 - T

7.5

6 - T

Charleston-North Charleston, SC

3.9

81 - T

5.6

33

Charlotte-Concord-Gastonia, NC-SC

7.7

21

5.5

34 - T

Chicago-Naperville-Evanston, IL  (MSAD)

2.0

93

2.2

83 - T

Cincinnati, OH-KY-IN

7.0

27 - T

3.8

59

Cleveland-Elyria, OH

7.8

20

3.4

65 - T

Colorado Springs, CO

7.9

16 - T

5.7

32

Columbia, SC

5.4

50 - T

2.9

74 - T

Columbus, OH

7.6

22

5.0

37 - T

Dallas-Plano-Irving, TX  (MSAD)

4.1

77

6.0

26 - T

Dayton-Kettering, OH

9.2

7

3.7

60 - T

Denver-Aurora-Lakewood, CO

4.4

71 - T

7.6

5

Detroit-Dearborn-Livonia, MI  (MSAD)

2.5

90

6.6

21 - T

El Paso, TX

4.9

61 - T

1.8

90 - T

Elgin, IL  (MSAD)

3.9

81 - T

2.1

87 - T

Fort Lauderdale-Pompano Beach-Sunrise, FL  (MSAD)

4.9

61 - T

6.4

24 - T

Fort Worth-Arlington-Grapevine, TX  (MSAD)

4.5

68 - T

5.8

29 - T

Frederick-Gaithersburg-Rockville, MD  (MSAD)

3.2

87

2.5

80 - T

Fresno, CA

4.4

71 - T

4.9

41 - T

Gary, IN  (MSAD)

5.8

46

3.3

68 - T

Grand Rapids-Kentwood, MI

7.5

23 - T

6.7

17 - T

Greensboro-High Point, NC

10.1

5

2.9

74 - T

Greenville-Anderson, SC

8.0

15

5.0

37 - T

Hartford-East Hartford-Middletown, CT

2.3

91

0.5

99

Honolulu, HI

11.7

1

4.5

47 - T

Houston-The Woodlands-Sugar Land, TX

4.4

71 - T

5.0

37 - T

Indianapolis-Carmel-Anderson, IN

8.9

8

4.9

41 - T

Jacksonville, FL

5.5

49

5.5

34 - T

Kansas City, MO-KS

8.3

12

4.7

44 - T

Knoxville, TN

8.8

9

3.9

56 - T

Lake County-Kenosha County, IL-WI  (MSAD)

4.0

78 - T

2.1

87 - T

Las Vegas-Henderson-Paradise, NV

4.3

76

8.4

2

Little Rock-North Little Rock-Conway, AR

3.8

83

1.9

89

Los Angeles-Long Beach-Glendale, CA  (MSAD)

5.3

52 - T

6.0

26 - T

Louisville/Jefferson County, KY-IN

6.0

41 - T

3.9

56 - T

Memphis, TN-MS-AR

6.0

41 - T

3.7

60 - T

Miami-Miami Beach-Kendall, FL  (MSAD)

6.6

32

6.7

17 - T

Milwaukee-Waukesha, WI

6.5

33 - T

3.2

71

Minneapolis-St. Paul-Bloomington, MN-WI

6.1

40

4.5

47 - T

Montgomery County-Bucks County-Chester County, PA  (MSAD)

4.5

68 - T

2.2

83 - T

Nashville-Davidson--Murfreesboro--Franklin, TN

6.7

31

6.5

23

Nassau County-Suffolk County, NY  (MSAD)

5.4

50 - T

2.8

77 - T

New Haven-Milford, CT

2.2

92

0.4

100

New Orleans-Metairie, LA

6.2

38 - T

3.7

60 - T

New York-Jersey City-White Plains, NY-NJ  (MSAD)

1.5

96 - T

2.2

83 - T

Newark, NJ-PA  (MSAD)

2.7

88 - T

1.5

95

North Port-Sarasota-Bradenton, FL

8.7

10

7.5

6 - T

Oakland-Berkeley-Livermore, CA  (MSAD)

1.4

98

7.5

6 - T

Oklahoma City, OK

6.9

29 - T

3.5

63 - T

Omaha-Council Bluffs, NE-IA

5.9

44 - T

4.1

52 - T

Orlando-Kissimmee-Sanford, FL

5.0

59 - T

6.9

15

Oxnard-Thousand Oaks-Ventura, CA

6.4

35

4.7

44 - T

Philadelphia, PA  (MSAD)

4.0

78 - T

3.0

72 - T

Phoenix-Mesa-Chandler, AZ

10.7

4

8.2

3

Pittsburgh, PA

5.1

57 - T

4.3

50 - T

Portland-Vancouver-Hillsboro, OR-WA

5.7

47 - T

5.8

29 - T

Providence-Warwick, RI-MA

4.5

68 - T

3.3

68 - T

Raleigh-Cary, NC

6.5

33 - T

4.7

44 - T

Richmond, VA

4.7

65 - T

3.5

63 - T

Riverside-San Bernardino-Ontario, CA

4.9

61 - T

6.8

16

Rochester, NY

5.2

55 - T

2.8

77 - T

Sacramento-Roseville-Folsom, CA

3.7

84

6.6

21 - T

Salt Lake City, UT

8.5

11

6.4

24 - T

San Antonio-New Braunfels, TX

3.3

86

4.9

41 - T

San Diego-Chula Vista-Carlsbad, CA

6.9

29 - T

5.8

29 - T

San Francisco-San Mateo-Redwood City, CA  (MSAD)

-0.3

100

7.4

9

San Jose-Sunnyvale-Santa Clara, CA

0.7

99

7.0

11 - T

Seattle-Bellevue-Kent, WA  (MSAD)

7.9

16 - T

6.7

17 - T

St. Louis, MO-IL

5.1

57 - T

2.9

74 - T

Stockton, CA

4.7

65 - T

8.0

4

Syracuse, NY

4.0

78 - T

2.2

83 - T

Tacoma-Lakewood, WA  (MSAD)

11.2

2 - T

6.7

17 - T

Tampa-St. Petersburg-Clearwater, FL

8.2

13

7.0

11 - T

Tucson, AZ

9.7

6

4.4

49

Tulsa, OK

7.0

27 - T

3.4

65 - T

Virginia Beach-Norfolk-Newport News, VA-NC

5.7

47 - T

1.4

96

Warren-Troy-Farmington Hills, MI  (MSAD)

4.9

61 - T

7.0

11 - T

Washington-Arlington-Alexandria, DC-VA-MD-WV  (MSAD)

4.4

71 - T

3.9

56 - T

West Palm Beach-Boca Raton-Boynton Beach, FL  (MSAD)

7.9

16 - T

7.3

10

Wichita, KS

5.0

59 - T

2.6

79

Wilmington, DE-MD-NJ  (MSAD)

5.3

52 - T

1.6

92 - T

Winston-Salem, NC

7.2

26

3.0

72 - T

Worcester, MA-CT

6.3

36 - T

3.4

65 - T

Sources: Federal Housing Finance Agency, House Price Index, seasonally adjusted quarterly data, August 25, 2020. Index based on the sales prices of homes financed with conventional conforming loans. These figures reflect only purchase transactions (no refinance transactions are included). Information is accurate as of August 25, 2020, and is subject to change without notice. www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx.