Cities with the Fastest Rising Home Prices in the U.S.
What We’re Showing
The top 10 U.S. metro areas with the fastest annual median sales price growth. Figures are from Redfin, and are as of February 2024.
America’s Hottest Housing Market
Pittsburgh, PA has the fastest home price growth in the country, rising 22% over the past year despite the Midwest metro being known for its affordability and steady growth.
High Demand in Florida
Florida is home to four of the top 10 housing markets by price growth, led by Fort Lauderdale (18%) and Boca Raton (16.4%).
Thanks to low taxes and job opportunities, Florida is one of the fastest growing states in the country by population, adding 365,205 residents in 2023.
Low-Cost Cities on the Rise
With a median sale price of $265,000, metro areas like Greensboro, NC are seeing rapid price growth as people seek out cheaper housing.
Like Greensboro, homes in Toledo, OH have seen double-digit price growth, where the median sales price is just $117,000. By comparison, the national median price stands at $412,219.
Dataset
Rank | Metro Area | Median Sales Price Growth, Feb 2024 YoY |
---|---|---|
1 | Pittsburgh, PA | 22.0% |
2 | Fort Lauderdale, FL | 18.0% |
3 | Greensboro, NC | 17.8% |
4 | Meridian, ID | 17.3% |
5 | Toledo, OH | 17.0% |
6 | Boca Raton, FL | 16.4% |
7 | West Palm Beach, FL | 16.1% |
8 | Orlando, FL | 15.9% |
9 | Milwaukee, WI | 15.6% |
10 | Alexandria, VA | 15.4% |
U.S. Average | 6.5% |