September Home Prices Tank in Florida, Texas Cities

September 15, 2025 - 3 min read

Home price growth by city

The rates of property value growth have slowed in recent times from the historical highs set in 2020 and 2021.

Overall, U.S. home prices rose 1.2% year-over-year in September, according to Intercontinental Exchange. But that ranged by nearly 19 percentage points among the 100 largest U.S. metro areas.

See which cities saw the biggest and smallest home price growth.

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How fast are home prices growing in my metro area?

With mortgage rates staying higher for longer and for-sale supply increasing, the rate of property value growth has normalized in 2025.

Home prices rose 1.2% annually September from a revised 1% in August, according to Intercontinental Exchange’s Home Price Index. Broken down further, single-family house prices grew 1.5% year-over-year, while condo prices decreased 1.8%.

“The recent pullback in rates has created a tailwind for both homebuyers and existing borrowers. We’re seeing affordability at a 2.5-year high, which is beginning to bolster purchase demand, while creating more opportunities for homeowners to lower their monthly payments with a rate-and-term refinance loan,” said Andy Walden, head of mortgage and housing market research at Intercontinental Exchange.

Among the 100 largest metro areas, Syracuse, N.Y., led the way with an 9.7% annual gain. Bridgeport, Conn. (7.6%) came next, with Scranton, Pa. (7.5%), New Haven, Conn. (7.4%), Buffalo, N.Y. (6.9%), and Rochester, N.Y. (6.7%), rounding out the top five.

Overall, 30 cities posted negative annual price growth (up monthly from 29), with 16 in the South and 14 in the West. Cape Coral, Fla., fell the most (-9.2%). Above that were North Port, Fla. (-8.8%), Austin, Texas (-4.6%), Tampa, Fla. (-4.1%) and Deltona, Fla. (-3.1%).

The table below shows the HPI changes in September 2025 for the top 100 largest cities, according to Intercontinental Exchange:

Metro AreaSize RankCensus DivisionMonth-Over-Month Growth %Year-Over-Year Growth %Peak Home Price IndexCurrent Home Price Index
National0-0.08%1.2%$ 434,364$ 433,741
Akron, OH77Midwest0.4%4.3%$ 260,218$ 260,218
Albany, NY61Northeast0.9%6.5%$ 378,645$ 378,645
Albuquerque, NM59West0.0%1.3%$ 366,769$ 365,578
Allentown, PA68Northeast0.4%4.0%$ 372,437$ 372,437
Atlanta, GA9South0.0%-0.4%$ 413,661$ 410,198
Augusta, GA93South0.4%3.3%$ 287,833$ 287,833
Austin, TX35South-0.5%-4.6%$ 593,541$ 465,012
Bakersfield, CA63West0.1%0.3%$ 378,100$ 375,068
Baltimore, MD20South-0.1%1.2%$ 408,492$ 406,667
Baton Rouge, LA69South-0.1%0.4%$ 261,652$ 260,413
Birmingham, AL48South0.5%3.6%$ 298,797$ 298,797
Boise City, ID83West0.0%1.1%$ 547,583$ 519,575
Boston, MA10Northeast-0.2%2.2%$ 767,606$ 762,292
Bridgeport, CT57Northeast0.5%7.6%$ 743,879$ 743,879
Buffalo, NY49Northeast0.7%6.9%$ 321,732$ 321,732
Cape Coral, FL82South-0.2%-9.2%$ 447,899$ 380,990
Charleston, SC78South0.0%1.0%$ 525,762$ 522,546
Charlotte, NC23South0.0%0.4%$ 436,024$ 433,154
Chattanooga, TN99South0.1%1.0%$ 355,982$ 355,982
Chicago, IL3Midwest0.0%4.9%$ 382,958$ 382,958
Cincinnati, OH28Midwest0.2%3.9%$ 322,742$ 322,742
Cleveland, OH29Midwest0.4%5.3%$ 262,065$ 262,065
Colorado Springs, CO79West-0.2%-1.4%$ 500,556$ 484,868
Columbia, SC72South0.2%3.0%$ 295,787$ 295,787
Columbus, OH32Midwest0.1%2.6%$ 355,804$ 355,804
Dallas, TX4South-0.4%-2.6%$ 436,180$ 415,575
Dayton, OH70Midwest0.2%4.0%$ 246,934$ 246,934
Deltona, FL90South0.3%-3.1%$ 370,225$ 354,407
Denver, CO21West-0.1%-2.4%$ 627,057$ 594,201
Des Moines, IA91Midwest0.1%1.0%$ 300,222$ 300,222
Detroit, MI14Midwest0.4%4.3%$ 286,604$ 286,604
El Paso, TX67South0.4%2.0%$ 262,624$ 262,624
Fresno, CA56West0.3%1.3%$ 436,007$ 436,007
Grand Rapids, MI52Midwest0.5%5.0%$ 359,997$ 359,997
Greensboro, NC73South0.3%3.1%$ 301,496$ 301,496
Greenville, SC65South0.2%2.7%$ 354,541$ 354,541
Harrisburg, PA96Northeast0.5%4.8%$ 317,377$ 317,377
Hartford, CT46Northeast0.5%6.5%$ 420,282$ 420,282
Honolulu, HI54West0.0%0.2%$ 792,712$ 791,495
Houston, TX5South-0.3%-2.2%$ 361,312$ 352,755
Indianapolis, IN33Midwest0.1%2.4%$ 322,403$ 322,403
Jackson, MS92South0.2%3.5%$ 251,709$ 251,709
Jacksonville, FL40South-0.1%-2.1%$ 386,130$ 374,986
Kansas City, MO30Midwest0.3%3.1%$ 358,455$ 358,455
Knoxville, TN64South0.0%1.8%$ 399,795$ 399,582
Lakeland, FL87South-0.2%-3.1%$ 317,988$ 304,123
Las Vegas, NV31West-0.3%-1.0%$ 456,950$ 447,183
Little Rock, AR75South0.0%2.4%$ 252,740$ 252,673
Los Angeles, CA2West0.1%0.0%$ 1,059,970$ 1,044,820
Louisville, KY43South0.2%3.9%$ 306,982$ 306,982
Madison, WI86Midwest0.3%4.7%$ 438,746$ 438,746
McAllen, TX71South-0.1%0.5%$ 249,596$ 247,291
Memphis, TN41South0.0%1.1%$ 262,582$ 262,238
Miami, FL8South0.1%-2.9%$ 538,279$ 521,227
Milwaukee, WI39Midwest0.4%5.6%$ 366,359$ 366,359
Minneapolis, MN16Midwest0.1%2.4%$ 405,251$ 405,251
Nashville, TN36South0.0%0.2%$ 486,200$ 484,085
New Haven, CT62Northeast0.8%7.4%$ 465,186$ 465,186
New Orleans, LA45South-0.4%-0.7%$ 293,257$ 286,118
New York, NY1Northeast0.4%5.2%$ 785,683$ 785,683
North Port, FL74South-0.6%-8.8%$ 502,555$ 429,821
Ogden, UT88West-0.1%0.7%$ 526,925$ 517,506
Oklahoma City, OK42South-0.3%0.8%$ 271,111$ 269,685
Omaha, NE60Midwest0.1%2.6%$ 321,850$ 321,850
Orlando, FL26South0.1%-2.1%$ 413,762$ 402,992
Oxnard, CA66West0.1%-0.4%$ 925,054$ 906,660
Palm Bay, FL98South-0.1%-2.8%$ 384,178$ 368,734
Philadelphia, PA6Northeast0.3%3.8%$ 428,977$ 428,977
Phoenix, AZ13West0.3%-1.9%$ 514,997$ 480,622
Pittsburgh, PA22Northeast0.5%4.1%$ 288,194$ 288,194
Portland, OR24West-0.2%-1.1%$ 573,535$ 555,828
Providence, RI38Northeast0.4%4.4%$ 560,104$ 560,104
Provo, UT97West-0.1%0.3%$ 571,432$ 554,038
Raleigh, NC47South0.0%-0.6%$ 475,957$ 469,468
Richmond, VA44South0.5%3.4%$ 433,350$ 433,350
Riverside, CA12West0.0%-0.9%$ 595,786$ 587,603
Rochester, NY51Northeast0.5%6.7%$ 301,125$ 301,125
Sacramento, CA27West0.0%-1.2%$ 615,999$ 593,844
Salt Lake City, UT50West0.0%0.0%$ 591,177$ 580,512
San Antonio, TX25South-0.5%-3.0%$ 344,055$ 319,574
San Diego, CA17West0.1%-0.7%$ 1,004,720$ 989,266
San Francisco, CA11West0.2%-2.1%$ 1,244,440$ 1,128,170
San Jose, CA34West0.5%-0.3%$ 1,573,030$ 1,539,600
Scranton, PA94Northeast0.6%7.5%$ 256,014$ 256,014
Seattle, WA15West0.1%-0.4%$ 803,720$ 784,421
Spokane, WA100West-0.1%0.7%$ 434,359$ 430,096
Springfield, MA85Northeast0.6%6.0%$ 374,773$ 374,773
St. Louis, MO19Midwest0.3%3.5%$ 302,624$ 302,624
Stockton, CA76West-0.1%-2.7%$ 572,624$ 541,388
Syracuse, NY80Northeast1.2%9.7%$ 300,034$ 300,034
Tampa, FL18South-0.1%-4.1%$ 409,946$ 387,143
Toledo, OH89Midwest0.7%5.3%$ 225,720$ 225,720
Tucson, AZ53West0.1%-0.8%$ 375,960$ 370,303
Tulsa, OK55South-0.2%2.1%$ 277,151$ 276,718
Virginia Beach, VA37South0.5%3.7%$ 395,838$ 395,838
Washington, DC7South0.0%0.0%$ 616,863$ 610,588
Wichita, KS84Midwest0.4%3.7%$ 261,491$ 261,491
Winston-Salem, NC81South0.1%2.5%$ 309,971$ 309,597
Worcester, MA58Northeast0.2%3.9%$ 523,968$ 523,968
Youngstown, OH95Midwest0.3%4.7%$ 209,382$ 209,382
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Advice for home buyers

Whether you’re looking to buy a property or sell one, knowing your market’s price movements can be a big help.

Before making any offers, you should be aware of what to look out for, how to negotiate your mortgage rate, take advice from experts, and see what financial assistance you might qualify for.

If you’re ready to become a homeowner, reach out to a local mortgage lender today and get started.

Time to make a move? Let us find the right mortgage for you


Paul Centopani
Authored By: Paul Centopani
The Mortgage Reports Editor
Paul Centopani is a writer and editor who started covering the lending and housing markets in 2018. Previous to joining The Mortgage Reports, he was a reporter for National Mortgage News. Paul grew up in Connecticut, graduated from Binghamton University and now lives in Chicago after a decade in New York and the D.C. area.
Aleksandra Kadzielawski
Reviewed By: Aleksandra Kadzielawski
The Mortgage Reports Editor
Aleksandra is an editor, finance writer, and licensed Realtor with deep roots in the mortgage and real estate world. Based in Arizona, she brings over a decade of experience helping consumers navigate their financial journeys with confidence.