50 Neighborhoods Where Home Prices Are Going Through the Roof

Home prices in America are rising more slowly now compared to the past seven years, according to the CoreLogic Home Price Index. The annualized national rate was just 3.6% as of July 2019. However, on a neighborhood-to-neighborhood basis, home prices in some locations are increasing at mind-boggling rates — and they don’t seem to show any signs of slowing down. In some parts of the U.S., homeownership is already unattainable for everyone except for the top 1%.

It’s the densely packed urban areas, in particular, where housing markets are spiraling out of control. For instance, Midtown Manhattan in New York already had a staggering median list price before it jumped by 10% in the last year to settle at nearly $2.5 million. Sky-high prices are pushing homebuyers out of these walkable, urban neighborhoods, according to a Redfin report from August 2019, which translates to spiking prices in car-dependent neighborhoods among satellite cities and suburbs.

So, which neighborhoods are currently witnessing the most ridiculous real estate markets? A new GOBankingRates study used data from Zillow to comb through 2,300 different neighborhoods and identified 50 places where the median list price was already high and is still growing year over year. If you’re dead set on living in one of these expensive cities, make sure you look into the most affordable neighborhoods instead.

Last updated: Aug. 24, 2020

• Location: Los Angeles
• Median list price as of September 2019: $1,099,000
• Year-over-year change from 2018-2019: 2.81%

• Location: Long Beach, California
• Median list price as of September 2019: $1,099,500
• Year-over-year change from 2018-2019: 29.51%

Pictured: Belmont Shore, an adjacent neighborhood

• Location: Los Angeles
• Median list price as of September 2019: $1,100,000
• Year-over-year change from 2018-2019: 0.09%

Pictured: Marina del Rey, an adjacent neighborhood

• Location: San Francisco
• Median list price as of September 2019: $1,162,500
• Year-over-year change from 2018-2019: 22.37%

• Location: Oxnard, California
• Median list price as of September 2019: $1,175,888
• Year-over-year change from 2018-2019: 24.5%

• Location: Carlsbad, California
• Median list price as of September 2019: $1,197,000
• Year-over-year change from 2018-2019: 5.93%

Pictured: Hyatt Aviara Resort in Aviara

• Location: San Francisco
• Median list price as of September 2019: $1,199,000
• Year-over-year change from 2018-2019: 9%

• Location: Los Angeles
• Median list price as of September 2019: $1,199,000
• Year-over-year change from 2018-2019: 9.1%

• Location: Scottsdale, Arizona
• Median list price as of September 2019: $1,200,000
• Year-over-year change from 2018-2019: 26.45%

• Location: Charlotte, North Carolina
• Median list price as of September 2019: $1,212,500
• Year-over-year change from 2018-2019: 1.46%

• Location: Los Angeles
• Median list price as of September 2019: $1,212,500
• Year-over-year change from 2018-2019: 10.73%

Home Value Forecast: What Homes Will Be Worth in Your State One Year From Now

• Location: Alexandria, Virginia
• Median list price as of September 2019: $1,242,000
• Year-over-year change from 2018-2019: 2.01%

• Location: New York
• Median list price as of September 2019: $1,247,000
• Year-over-year change from 2018-2019: 3.92%

• Location: San Diego
• Median list price as of September 2019: $1,250,000
• Year-over-year change from 2018-2019: 4.25%

• Location: San Diego
• Median list price as of September 2019: $1,269,000
• Year-over-year change from 2018-2019: 33.72%

Pictured: Bankers Hill, an adjacent neighborhood

• Location: Miami Beach, Florida
• Median list price as of September 2019: $1,295,000
• Year-over-year change from 2018-2019: 2.38%

• Location: Washington
• Median list price as of September 2019: $1,295,000
• Year-over-year change from 2018-2019: 2.78%

• Location: Los Angeles
• Median list price as of September 2019: $1,299,000
• Year-over-year change from 2018-2019: 4%

• Location: Redmond, Washington
• Median list price as of September 2019: $1,333,880
• Year-over-year change from 2018-2019: 2.41%

Pictured: Redmond

• Location: San Diego
• Median list price as of September 2019: $1,339,950
• Year-over-year change from 2018-2019: 8.59%

• Location: San Diego
• Median list price as of September 2019: $1,349,000
• Year-over-year change from 2018-2019: 10.21%

Pictured: Point Loma, an adjacent neighborhood

• Location: San Francisco
• Median list price as of September 2019: $1,350,000
• Year-over-year change from 2018-2019: 4.25%

• Location: New York
• Median list price as of September 2019: $1,379,500
• Year-over-year change from 2018-2019: 15.01%

• Location: Los Angeles
• Median list price as of September 2019: $1,388,000
• Year-over-year change from 2018-2019: 2.85%

• Location: North Castle, New York
• Median list price as of September 2019: $1,395,000
• Year-over-year change from 2018-2019: 2.57%

• Location: San Diego
• Median list price as of September 2019: $1,400,000
• Year-over-year change from 2018-2019: 2.75%

• Location: Irvine, California
• Median list price as of September 2019: $1,414,500
• Year-over-year change from 2018-2019: 2.02%

Related: Houses Are Selling the Fastest in These 30 Real Estate Markets

• Location: New York
• Median list price as of September 2019: $1,450,000
• Year-over-year change from 2018-2019: 3.57%

• Location: Palm Springs, California
• Median list price as of September 2019: $1,489,000
• Year-over-year change from 2018-2019: 6.43%

Pictured: Palm Springs

• Location: Los Angeles
• Median list price as of September 2019: $1,499,000
• Year-over-year change from 2018-2019: 0.27%

• Location: Arlington, Virginia
• Median list price as of September 2019: $1,556,756
• Year-over-year change from 2018-2019: 4.17%

Pictured: Arlington

• Location: Irvine, California
• Median list price as of September 2019: $1,590,000
• Year-over-year change from 2018-2019: 2.91%

• Location: Los Angeles
• Median list price as of September 2019: $1,595,000
• Year-over-year change from 2018-2019: 6.69%

• Location: San Diego
• Median list price as of September 2019: $1,705,725
• Year-over-year change from 2018-2019: 13.79%

Pictured: San Diego

• Location: Park City, Utah
• Median list price as of September 2019: $1,788,000
• Year-over-year change from 2018-2019: 1.88%

Avoid: 50 Places Where Home Prices Are Rising Faster Than Rent

Pictured: Park City

• Location: New York
• Median list price as of September 2019: $1,795,000
• Year-over-year change from 2018-2019: 2.57%

• Location: Los Angeles
• Median list price as of September 2019: $1,799,450
• Year-over-year change from 2018-2019: 6.16%

• Location: Huntington, New York
• Median list price as of September 2019: $1,850,000
• Year-over-year change from 2018-2019: 13.88%

• Location: Los Angeles
• Median list price as of September 2019: $1,872,000
• Year-over-year change from 2018-2019: 10.44%

• Location: Los Angeles
• Median list price as of September 2019: $1,899,000
• Year-over-year change from 2018-2019: 5.56%

• Location: Great Neck, New York
• Median list price as of September 2019: $2,054,500
• Year-over-year change from 2018-2019: 2.83%

• Location: Los Angeles
• Median list price as of September 2019: $2,200,000
• Year-over-year change from 2018-2019: 0.69%

• Location: New York
• Median list price as of September 2019: $2,400,000
• Year-over-year change from 2018-2019: 14.31%

• Location: Miami Beach, Florida
• Median list price as of September 2019: $2,500,000
• Year-over-year change from 2018-2019: 19.1%

• Location: New York
• Median list price as of September 2019: $2,950,000
• Year-over-year change from 2018-2019: 2.61%

Pictured: Cooper Square, an adjacent neighborhood

• Location: Fort Lauderdale, Florida
• Median list price as of September 2019: $2,988,000
• Year-over-year change from 2018-2019: 17.29%

• Location: Newport Beach, California
• Median list price as of September 2019: $2,997,500
• Year-over-year change from 2018-2019: 15.31%

• Location: Park City, Utah
• Median list price as of September 2019: $3,250,000
• Year-over-year change from 2018-2019: 20.92%

Pictured: Deer Valley Ski Resort

• Location: New York
• Median list price as of September 2019: $3,345,000
• Year-over-year change from 2018-2019: 1.38%

• Location: Los Angeles
• Median list price as of September 2019: $3,575,000
• Year-over-year change from 2018-2019: 10%

More From GOBankingRates

• 50 Easy Things You Should Do To Save Money
• The Downsides of Retirement That Nobody Talks About
• 21 Hacks To Reduce Your Healthcare Costs This Year
• 40 Money Habits That Can Leave You Broke

Methodology: GOBankingRates looked at September 2019 housing data on 2,300 neighborhoods across the United States, as sourced from Zillow. The study analyzed the percentage growth of the median list price for each neighborhood from September 2018 to September 2019. GOBankingRates then took the neighborhoods that saw positive year-over-year growth and created a final list of the 50 neighborhoods with the highest median list price for September 2019. All data used to conduct this ranking was compiled and verified on Nov. 25, 2019.