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 1.04% year-over-year in July, according to Intercontinental Exchange. But that ranged by 17 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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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 1.04% annually in July — a lowest rate since 2012 — from 1.3% in June, according to Intercontinental Exchange’s Home Price Index. Broken down further, single-family house prices grew 1.38% year-over-year, while condo prices decreased 1.77%.
“Homeowners are actively drawing on record equity with cash-out refinance loans, signaling increased demand despite elevated rates,” said Andy Walden, head of mortgage and housing market research at Intercontinental Exchange. “Meanwhile, a substantial cohort of people who purchased homes over the last three years are watching on the sidelines for rates to drop so they can refinance into a lower monthly payment.”
Among the 100 largest metro areas, Scranton, Pa., led the way with an 7.4% annual gain. Rochester, N.Y. (7%) came next, with New Haven, Conn. (6.5%), Hartford, Conn. (6.2%) and Buffalo, N.Y. (6.1%) rounding out the top five.
Overall, 29 cities posted negative annual price growth, with the South accounting for 15 and the West for the other 14. Cape Coral, Fla., fell the most (-9.6%). Above that were North Port, Fla. (-8%), Austin, Texas (-4.2%), Tampa, Fla. (-3.7%) and Deltona, Fla. (-3.5%).
The table below shows the HPI changes in July 2025 for the top 100 largest cities, according to Intercontinental Exchange:
| Metro Area | Size Rank | Year-Over-Year Growth % | Current Home Price Index | Peak Home Price Index |
| Akron, OH | 77 | 2.7% | $ 261,533 | $ 261,533 |
| Albany, NY | 61 | 4.2% | $ 374,778 | $ 375,689 |
| Albuquerque, NM | 59 | 3.0% | $ 368,958 | $ 368,958 |
| Allentown, PA | 68 | 3.2% | $ 370,825 | $ 370,825 |
| Atlanta, GA | 9 | 0.2% | $ 414,589 | $ 414,920 |
| Augusta, GA | 93 | 3.1% | $ 286,061 | $ 286,061 |
| Austin, TX | 35 | -4.2% | $ 473,760 | $ 594,030 |
| Bakersfield, CA | 63 | 0.0% | $ 373,148 | $ 377,213 |
| Baltimore, MD | 20 | 2.2% | $ 410,295 | $ 410,295 |
| Baton Rouge, LA | 69 | 1.1% | $ 264,607 | $ 265,084 |
| Birmingham, AL | 48 | 2.7% | $ 298,472 | $ 298,472 |
| Boise City, ID | 83 | 0.9% | $ 520,513 | $ 548,580 |
| Boston, MA | 10 | 2.8% | $ 770,030 | $ 773,008 |
| Bridgeport, CT | 57 | 5.7% | $ 738,074 | $ 739,287 |
| Buffalo, NY | 49 | 6.1% | $ 328,331 | $ 328,331 |
| Cape Coral, FL | 82 | -9.6% | $ 387,592 | $ 451,128 |
| Charleston, SC | 78 | 1.7% | $ 527,759 | $ 529,325 |
| Charlotte, NC | 23 | 1.2% | $ 437,363 | $ 437,363 |
| Chattanooga, TN | 99 | 2.0% | $ 359,097 | $ 359,109 |
| Chicago, IL | 3 | 5.7% | $ 387,985 | $ 387,985 |
| Cincinnati, OH | 28 | 3.9% | $ 323,476 | $ 323,476 |
| Cleveland, OH | 29 | 4.6% | $ 264,393 | $ 264,393 |
| Colorado Springs, CO | 79 | -0.3% | $ 490,292 | $ 500,293 |
| Columbia, SC | 72 | 3.0% | $ 293,709 | $ 293,709 |
| Columbus, OH | 32 | 2.5% | $ 359,986 | $ 359,986 |
| Dallas, TX | 4 | -2.1% | $ 416,698 | $ 431,417 |
| Dayton, OH | 70 | 4.7% | $ 250,357 | $ 250,357 |
| Deltona, FL | 90 | -3.5% | $ 356,762 | $ 374,529 |
| Denver, CO | 21 | -2.0% | $ 601,888 | $ 629,954 |
| Des Moines, IA | 91 | 2.0% | $ 302,609 | $ 302,609 |
| Detroit, MI | 14 | 3.9% | $ 295,540 | $ 295,540 |
| El Paso, TX | 67 | 1.3% | $ 256,493 | $ 257,578 |
| Fresno, CA | 56 | 0.8% | $ 434,366 | $ 434,734 |
| Grand Rapids, MI | 52 | 4.0% | $ 360,452 | $ 360,452 |
| Greensboro, NC | 73 | 2.8% | $ 298,227 | $ 298,227 |
| Greenville, SC | 65 | 2.6% | $ 350,968 | $ 350,968 |
| Harrisburg, PA | 96 | 4.2% | $ 315,165 | $ 315,165 |
| Hartford, CT | 46 | 6.2% | $ 417,486 | $ 417,489 |
| Honolulu, HI | 54 | 0.0% | $ 803,892 | $ 803,892 |
| Houston, TX | 5 | -1.1% | $ 355,009 | $ 359,125 |
| Indianapolis, IN | 33 | 3.0% | $ 325,535 | $ 325,535 |
| Jackson, MS | 92 | 3.0% | $ 255,412 | $ 255,412 |
| Jacksonville, FL | 40 | -2.6% | $ 376,006 | $ 387,072 |
| Kansas City, MO | 30 | 2.7% | $ 357,384 | $ 357,384 |
| Knoxville, TN | 64 | 1.7% | $ 401,240 | $ 401,240 |
| Lakeland, FL | 87 | -2.9% | $ 308,616 | $ 320,854 |
| Las Vegas, NV | 31 | -0.4% | $ 454,035 | $ 461,597 |
| Little Rock, AR | 75 | 2.1% | $ 255,787 | $ 255,787 |
| Los Angeles, CA | 2 | 0.5% | $ 1,052,250 | $ 1,061,670 |
| Louisville, KY | 43 | 3.0% | $ 304,545 | $ 304,545 |
| Madison, WI | 86 | 5.1% | $ 442,455 | $ 442,455 |
| McAllen, TX | 71 | 0.8% | $ 237,105 | $ 238,136 |
| Memphis, TN | 41 | -0.5% | $ 263,263 | $ 265,086 |
| Miami, FL | 8 | -2.7% | $ 535,721 | $ 551,109 |
| Milwaukee, WI | 39 | 5.6% | $ 371,198 | $ 371,198 |
| Minneapolis, MN | 16 | 1.9% | $ 407,637 | $ 407,637 |
| Nashville, TN | 36 | 0.0% | $ 483,432 | $ 486,244 |
| National | 0 | 1.0% | $ 436,863 | $ 437,110 |
| New Haven, CT | 62 | 6.5% | $ 461,537 | $ 461,537 |
| New Orleans, LA | 45 | 1.1% | $ 293,406 | $ 295,526 |
| New York, NY | 1 | 4.8% | $ 789,970 | $ 792,053 |
| North Port, FL | 74 | -8.0% | $ 446,003 | $ 508,112 |
| Ogden, UT | 88 | 0.9% | $ 519,063 | $ 527,108 |
| Oklahoma City, OK | 42 | 1.9% | $ 273,434 | $ 273,434 |
| Omaha, NE | 60 | 2.5% | $ 322,348 | $ 322,348 |
| Orlando, FL | 26 | -2.3% | $ 408,705 | $ 419,555 |
| Oxnard, CA | 66 | -1.1% | $ 906,338 | $ 927,053 |
| Palm Bay, FL | 98 | -2.5% | $ 374,907 | $ 388,288 |
| Philadelphia, PA | 6 | 3.5% | $ 431,185 | $ 431,328 |
| Phoenix, AZ | 13 | -1.9% | $ 481,191 | $ 516,207 |
| Pittsburgh, PA | 22 | 3.3% | $ 289,010 | $ 289,010 |
| Portland, OR | 24 | -0.4% | $ 563,296 | $ 577,141 |
| Providence, RI | 38 | 4.8% | $ 560,440 | $ 561,265 |
| Provo, UT | 97 | 0.0% | $ 555,359 | $ 572,292 |
| Raleigh, NC | 47 | -0.5% | $ 472,285 | $ 476,395 |
| Richmond, VA | 44 | 4.0% | $ 433,779 | $ 433,779 |
| Riverside, CA | 12 | -0.3% | $ 592,675 | $ 597,459 |
| Rochester, NY | 51 | 7.0% | $ 310,271 | $ 310,530 |
| Sacramento, CA | 27 | -0.8% | $ 603,232 | $ 620,889 |
| Salt Lake City, UT | 50 | 0.7% | $ 583,518 | $ 593,561 |
| San Antonio, TX | 25 | -1.4% | $ 324,062 | $ 342,050 |
| San Diego, CA | 17 | -1.0% | $ 996,974 | $ 1,011,140 |
| San Francisco, CA | 11 | -2.7% | $ 1,128,060 | $ 1,243,930 |
| San Jose, CA | 34 | -0.9% | $ 1,528,690 | $ 1,573,310 |
| Scranton, PA | 94 | 7.4% | $ 253,118 | $ 253,118 |
| Seattle, WA | 15 | -0.4% | $ 791,298 | $ 809,137 |
| Spokane, WA | 100 | 1.3% | $ 437,360 | $ 437,769 |
| Springfield, MA | 85 | 4.0% | $ 361,519 | $ 362,481 |
| St. Louis, MO | 19 | 3.0% | $ 305,653 | $ 305,653 |
| Stockton, CA | 76 | -2.9% | $ 546,198 | $ 573,743 |
| Syracuse, NY | 80 | 5.6% | $ 291,091 | $ 291,107 |
| Tampa, FL | 18 | -3.7% | $ 397,227 | $ 415,459 |
| Toledo, OH | 89 | 3.2% | $ 225,774 | $ 225,774 |
| Tucson, AZ | 53 | -1.7% | $ 369,888 | $ 375,871 |
| Tulsa, OK | 55 | 3.2% | $ 279,437 | $ 279,437 |
| Virginia Beach, VA | 37 | 3.9% | $ 392,321 | $ 392,321 |
| Washington, DC | 7 | 0.7% | $ 615,570 | $ 619,283 |
| Wichita, KS | 84 | 3.3% | $ 261,259 | $ 261,259 |
| Winston-Salem, NC | 81 | 3.4% | $ 309,917 | $ 309,917 |
| Worcester, MA | 58 | 4.1% | $ 522,261 | $ 523,448 |
| Youngstown, OH | 95 | 4.1% | $ 213,437 | $ 213,437 |
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.
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