15 Major U.S. Cities Where Home Prices Keep Rising
Home prices are still climbing in many areas, and not just in the usual places. Some of the biggest gains are showing up in cities that used to be considered affordable, and it’s catching a lot of buyers off guard.
This gallery breaks down the 15 major U.S. cities where home prices have jumped the most over the past year.
👉 Click or scroll to see which cities are rising fastest, and what that could mean for your next move.
Table of Contents
Home Price Growth Returns Across Major U.S. Cities
According to data from Redfin, home prices rose 6.3% year over year, reaching a median of $427,670, the biggest annual jump in nearly a year.
Low inventory and strong demand are keeping prices high, even in markets once known for affordability.
👉 Keep reading to see which cities saw the biggest price gains, and how much more buyers are paying now.
Cleveland, Ohio: Home Prices Rising in Once-Affordable City
Cleveland posted the biggest gain in the nation, with home prices rising 15.0% year over year. The median sale price hit $229,900, pushing many locals out of the neighborhoods they once aspired to buy in.
Sellers are holding firm, and buyers are getting less house for more money. What was once a budget-friendly market is now out of reach for many first-time buyers.
15 States Where Buying a Home Just Got Way More Expensive
Milwaukee, Wisconsin: Housing Market Growth Driven by New Demand
Home prices in Milwaukee climbed 14.5% to a median of $320,000, placing it just behind Cleveland for fastest growth. But this spike comes with another twist, Milwaukee County added nearly 3,000 residents, its first population growth in a decade.
With more people moving in and few homes on the market, buyers are facing serious competition in a city that used to be overlooked.
Philadelphia, Pennsylvania: Real Estate Market Heating Up Fast
Philadelphia’s housing market jumped 14.0%, with the median sale price reaching $285,000. Inventory remains tight, and bidding wars are back in force, especially in neighborhoods that were considered hidden gems just a few years ago.
The pool of buyers includes more remote workers and investors, keeping the pressure high for anyone hoping to find a deal.
What It Really Costs to Live Comfortably in Every U.S. State
Miami, Florida: Millionaire Migration Fuels Price Increases
Miami home prices rose 11.8% last year, pushing the median price to $570,000. Over the past decade, the city has welcomed nearly 39,000 new millionaires, a 94% increase, second only to the Bay Area.
That influx of wealth is reshaping the market, and pricing out middle-class buyers. Even modest homes are going for luxury prices.
Chicago, Illinois: Housing Prices Climb in Urban Core
Chicago’s median home price hit $340,000, up 11.1% from a year earlier. Inventory is limited, and buyers aren’t seeing much relief even in traditionally more affordable areas.
Demand is steady, and sellers are setting the terms, leaving first-time buyers and growing families with fewer options and rising costs.
🙋♂️If you like what you are reading so far, subscribe to the DadisFIRE newsletter and follow DadisFIRE on YouTube.💪
Warren, Michigan: Detroit Suburbs See Real Estate Surge
Just outside Detroit, Warren saw prices climb 10.3%, with a median sale price of $300,000. Suburban spillover is in full effect, as buyers priced out of metro Detroit turn to surrounding areas for better deals, only to find prices climbing there too.
Warren has become one of Michigan’s most competitive housing markets, and that’s not changing anytime soon.
Nassau County, New York: Long Island Home Prices Keep Climbing
In Nassau County, prices rose 10.0% year over year, with the median sale price hitting $715,000. As one of the priciest suburbs in the country, Nassau continues to attract high-income buyers who are willing to outbid for limited inventory.
There’s not much land left to build on, and sellers know it. For many, buying in Nassau now means settling for less house at a higher price, if you can even find one.
12 Most Affordable States, According to Dave Ramsey
Baltimore, Maryland: Strong Economy Pushes Real Estate Higher
Baltimore home prices jumped 10.0%, bringing the median price to $385,000. That growth tracks with the city’s overall economic momentum, which is outpacing the national GDP average of 1.9%.
Proximity to D.C., combined with a lower cost of living, keeps Baltimore on buyers’ radar. But the days of easy deals in Charm City are quickly disappearing.
West Palm Beach, Florida: Coastal City Sees Continued Price Pressure
West Palm Beach saw a 9.2% increase in home prices, bringing the median to $510,000. Despite Florida’s ongoing insurance and climate challenges, demand hasn’t slowed, especially among retirees and cash buyers.
With limited new construction and coastal lifestyle appeal, homes here are still commanding top dollar.
Retiring Soon? 21 Cities That Are Ideal for Your Golden Years
New Brunswick, New Jersey: Suburban Real Estate Market Tightens
Home prices in New Brunswick jumped 9.1%, with a median sale price of $540,000. Commuters and remote workers alike are snapping up homes in this dense, transit-friendly suburb.
Buyers priced out of New York City are keeping demand elevated. That means fewer listings, tighter competition, and higher prices, even in areas that used to fly under the radar.
Kansas City, Missouri: Affordable Market Attracts New Buyers
Kansas City saw home prices rise 9.0%, pushing the median sale price to $327,000. Long viewed as a value market, the city is now drawing interest from remote workers seeking more house for less money.
But with that attention comes competition. Prices are rising quickly, and inventory hasn’t kept up.
We also made this related Video: My Secret Way To Get A Really Low Interest Rate On Mortgage
Indianapolis, Indiana: Housing Demand Outpaces Supply
Indianapolis posted a 9.0% increase, with the median home price now at $305,000. The city’s blend of affordability and job market stability continues to bring in buyers from out of state.
That steady demand is clashing with limited supply, and prices are rising faster than expected, making it harder for first-time buyers to break in.
Virginia Beach, Virginia: Rising Prices Hit Coastal Buyers
Virginia Beach homes climbed 8.5% in price over the past year, with the median sale price reaching $358,000. Proximity to the ocean and military bases keeps demand high, but affordability is starting to crack.
Local families are struggling to compete with incoming buyers, and smaller homes in older neighborhoods are now commanding premium prices.
Why the American Dream Isn’t Working for Most People Anymore
St. Louis, Missouri: Formerly Cheap Market Now in Demand
St. Louis saw an 8.5% increase in home values, pushing the median price to $255,000. For years, the city was overlooked by investors and coastal buyers, but that’s changing fast.
Affordability is still better than most, but the window is closing. With more interest and limited listings, prices are on the move.
Cincinnati, Ohio: Midwestern Real Estate Market Gains Momentum
Cincinnati rounds out the list with a price increase of 8.3%, bringing the median sale price to $286,500. Demand has been steady across the metro, as the city continues to offer a strong mix of affordability and lifestyle.
But like other Midwest markets, inventory is thin and competition is rising. Prices are likely to keep trending higher through 2025.
The Cities Where Home Prices Keep Rising
Markets are still moving, just not always where people expect. These rising cities show that growth isn’t limited to the usual hotspots anymore.
Buyers still have options, they just need to be more strategic about timing and location. Most of these metros remain more affordable than big coastal hubs, even with recent gains.
Smart moves are still possible, especially for those willing to plan ahead.
🙋♂️If you like what you just read, subscribe to the DadisFIRE newsletter and follow DadisFIRE on YouTube. 💪 Also be sure to follow DadisFIRE on Medium💰
