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5 Cities Where Home Prices Are Far Outpacing Inflation

August 20, 2025

2 min Read

Written by Gabrielle Olya

Edited by Molly Sullivan

"Townhouse, Architecture And Buildings, Blue, CALIFORNIA, Community, Fence, Grass, HOUSE, Homes", Housing Development, In A Row, Landscaped, Lane, Lot, Residential District, Residential Structure, Road, Roof, STEPS, Sale, San Jose, Santa Clara, Sidewalk, Silicon Valley, Sky, Town-home, Tranquil Scene, Tree, Wealth, development, door, family, real estate, shopping, street, summer, window

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Inflation drives up prices over time, but in some U.S. cities, home values have surged far beyond what inflation alone would justify. In fact, prices have more than doubled since 2015 in several major markets.

A recent Zoocasa analysis compared inflation-adjusted 2015 home prices to actual 2025 prices across 50 metro areas. The results reveal where housing costs have outpaced inflation the most.

Here are the five cities with the biggest gaps between expected and actual home prices.