14 Cities Where Home Values Have Shot Up More Than 50% Since the COVID-19 Pandemic

The COVID-19 pandemic permanently shaped the homebuying landscape.

“A perfect cocktail of lower mortgage rates, higher savings and a growing desire for space drove housing demand to new heights during the pandemic,” Orphe Divounguy, senior economist at Zillow, said in a press release. “Just about every major market experienced price growth far above what they’d become accustomed to, resetting the financial bar for homeownership.”

While U.S. home values are up 45% on average since the start of the pandemic five years ago, prices have surged even more in certain cities, according to a recent Zillow study. Here’s a look at the major cities where home prices have surged 50% or more since right before the pandemic began.

• Home value growth since February 2020: 61.1%

• Home value growth since February 2020: 58.2%

• Home value growth since February 2020: 58.1%

• Home value growth since February 2020: 58%

• Home value growth since February 2020: 55.6%

• Home value growth since February 2020: 55.4%

• Home value growth since February 2020: 53.9%

• Home value growth since February 2020: 53.1%

• Home value growth since February 2020: 52.8%

• Home value growth since February 2020: 52.6%

• Home value growth since February 2020: 52.6%

• Home value growth since February 2020: 51.6%

• Home value growth since February 2020: 50.9%

• Home value growth since February 2020: 50.1%

Editor’s note: Data was sourced from Zillow and is accurate as of Feb. 27, 2025.