If You Bought a Home in These 14 Cities 3 Years Ago, You’d Have Built $100K+ in Home Equity

Home prices have risen so rapidly in recent years that if you purchased a home in several major cities in 2020, you would have built over $100,000 in home equity since then.

To identify these cities, Zoocasa analyzed data from 25 major metropolitan areas in the U.S. and calculated the estimated equity built on a home bought at the median price in each city. In these 14 cities, median home prices soared so much that homeowners have built six figures worth of equity in just three years.

• Median single-family home sales price (2020): $710,000
• Median single-family home sales price (2023): $978,500
• Equity built: $268,500

• Median single-family home sales price (2020): $673,100
• Median single-family home sales price (2023): $897,600
• Equity built: $224,500

• Median single-family home sales price (2020): $442,400
• Median single-family home sales price (2023): $650,500
• Equity built: $208,100

• Median single-family home sales price (2020): $398,000
• Median single-family home sales price (2023): $602,500
• Equity built: $204,500

• Median single-family home sales price (2020): $1,100,000
• Median single-family home sales price (2023): $1,300,000
• Equity built: $200,000

• Median single-family home sales price (2020): $563,700
• Median single-family home sales price (2023): $745,100
• Equity built: $181,400

• Median single-family home sales price (2020): $492,700
• Median single-family home sales price (2023): $673,000
• Equity built: $180,300

• Median single-family home sales price (2020): $596,900
• Median single-family home sales price (2023): $744,300
• Equity built: $147,400

• Median single-family home sales price (2020): $272,000
• Median single-family home sales price (2023): $415,000
• Equity built: $143,000

• Median single-family home sales price (2020): $422,600
• Median single-family home sales price (2023): $565,000
• Equity built: $142,400

• Median single-family home sales price (2020): $475,400
• Median single-family home sales price (2023): $612,600
• Equity built: $137,200

• Median single-family home sales price (2020): $330,000
• Median single-family home sales price (2023): $467,200
• Equity built: $137,200

• Median single-family home sales price (2020): $260,800
• Median single-family home sales price (2023): $379,200
• Equity built: $118,400

• Median single-family home sales price (2020): $298,900
• Median single-family home sales price (2023): $413,600
• Equity built: $114,700

All data is sourced from Zoocasa and is accurate as of Nov. 22, 2023.