The Pandemic’s Effect on Home Prices in 20 Cities

The coronavirus pandemic has changed every aspect of our lives and had a significant impact on the economy and home values. Though home values have managed to increase somewhat during this time, the numbers are not huge.

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To determine the top 20 cities with the highest percent change in home value during COVID-19, GOBankingRates used Zillow’s Single Family Residence Home Value time series data for the largest 250 cities in the United States. We looked at the difference between the February 2020 home value and the January 2021 home value and assessed the gross change ($) over the course of COVID-19. Cities like Boise, Idaho, and Chula Vista, California, had significant positive changes in home value, while the home values in cities like San Francisco and Laredo, Texas, actually decreased. All data was collected on and up to date as of Feb. 23, 2021. Find out where the pandemic has impacted home values the most.

• Feb. 2020 Home value: $344,064
• Jan. 2021 Home value: $395,746
• Gross change ($) over course of COVID-19: $51,682
• % change over course of COVID-19: 15.02%

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• Feb. 2020 Home value: $571,088
• Jan. 2021 Home value: $657,981
• Gross change ($) over course of COVID-19: $86,893
• % change over course of COVID-19: 15.22%

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• Feb. 2020 Home value: $361,422
• Jan. 2021 Home value: $416,641
• Gross change ($) over course of COVID-19: $55,219
• % change over course of COVID-19: 15.28%

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• Feb. 2020 Home value: $213,528
• Jan. 2021 Home value: $246,607
• Gross change ($) over course of COVID-19: $33,079
• % change over course of COVID-19: 15.49%

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• Feb. 2020 Home value: $307,816
• Jan. 2021 Home value: $356,107
• Gross change ($) over course of COVID-19: $48,291
• % change over course of COVID-19: 15.69%

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• Feb. 2020 Home value: $118,071
• Jan. 2021 Home value: $136,861
• Gross change ($) over course of COVID-19: $18,790
• % change over course of COVID-19: 15.91%

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• Feb. 2020 Home value: $112,289
• Jan. 2021 Home value: $130,279
• Gross change ($) over course of COVID-19: $17,990
• % change over course of COVID-19: 16.02%

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• Feb. 2020 Home value: $300,250
• Jan. 2021 Home value: $348,611
• Gross change ($) over course of COVID-19: $48,361
• % change over course of COVID-19: 16.11%

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• Feb. 2020 Home value: $347,323
• Jan. 2021 Home value: $404,310
• Gross change ($) over course of COVID-19: $56,987
• % change over course of COVID-19: 16.41%

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• Feb. 2020 Home value: $320,024
• Jan. 2021 Home value: $372,654
• Gross change ($) over course of COVID-19: $52,630
• % change over course of COVID-19: 16.45%

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• Feb. 2020 Home value: $66,256
• Jan. 2021 Home value: $77,271
• Gross change ($) over course of COVID-19: $11,015
• % change over course of COVID-19: 16.62%

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• Feb. 2020 Home value: $261,712
• Jan. 2021 Home value: $305,380
• Gross change ($) over course of COVID-19: $43,668
• % change over course of COVID-19: 16.69%

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• Feb. 2020 Home value: $280,221
• Jan. 2021 Home value: $327,525
• Gross change ($) over course of COVID-19: $47,304
• % change over course of COVID-19: 16.88%

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• Feb. 2020 Home value: $255,539
• Jan. 2021 Home value: $299,663
• Gross change ($) over course of COVID-19: $44,124
• % change over course of COVID-19: 17.27%

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• Feb. 2020 Home value: $222,691
• Jan. 2021 Home value: $261,611
• Gross change ($) over course of COVID-19: $38,920
• % change over course of COVID-19: 17.48%

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• Feb. 2020 Home value: $62,858
• Jan. 2021 Home value: $74,088
• Gross change ($) over course of COVID-19: $11,230
• % change over course of COVID-19: 17.87%

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• Feb. 2020 Home value: $270,336
• Jan. 2021 Home value: $318,799
• Gross change ($) over course of COVID-19: $48,463
• % change over course of COVID-19: 17.93%

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• Feb. 2020 Home value: $37,925
• Jan. 2021 Home value: $45,222
• Gross change ($) over course of COVID-19: $7,297
• % change over course of COVID-19: 19.24%

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• Feb. 2020 Home value: $66,304
• Jan. 2021 Home value: $79,194
• Gross change ($) over course of COVID-19: $12,890
• % change over course of COVID-19: 19.44%

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• Feb. 2020 Home value: $341,433
• Jan. 2021 Home value: $422,683
• Gross change ($) over course of COVID-19: $81,250
• % change over course of COVID-19: 23.80%

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Methodology: For this piece GOBankingRates used Zillow’s Single Family Residence Home Value time series data for the largest 250 cities in the United States. For these 250 cities, GOBankingRates found (1) the February 2020 home value; (2) the January 2021 home value; (3) the gross change ($) over the course of COVID-19; and (4) the percent change to home value over the course of COVID-19. With these factors, GOBankingRates found the 20 cities with the highest percent change in home value during COVID-19, the 20 cities with the highest gross change ($) in home value during COVID-19 and the four cities with negative home value change during COVID-19. All data was collected on and up to date as of Feb. 23, 2021.