GOBankingRates

50 Neighborhoods Where Home Prices Are Going Through the Roof

Alexandre Olive / Shutterstock.com

Alexandre Olive / Shutterstock.com

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

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50. Mid-City

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

49. Belmont Heights

  • 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

narvikk / Getty Images/iStockphoto

48. Del Rey

  • 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

EQRoy / Shutterstock.com

47. South of Market

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

46. Oxnard Shores

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

45. Aviara

  • 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

SnapASkyline / Shutterstock.com

44. Outer Sunset

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

43. Silver Lake

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

42. Pinnacle Peak

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

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Bz3rk / Wikimedia Commons

41. Myers Park

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

40. Sherman Oaks

  • 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

Jon Bilous / Shutterstock.com

39. Old Town

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

38. Park Slope

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

37. Carmel Valley

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

36. Park West

  • 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

Jon Bilous / Shutterstock.com

35. South Pointe

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

34. Georgetown

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

33. Encino

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

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Pikachu Ink / Shutterstock.com

32. North Redmond

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

Pictured: Redmond

Dancestrokes / Shutterstock.com

31. Mission Beach

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

30. Roseville-Fleet Ridge

  • 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

Joe_Potato / Getty Images/iStockphoto

29. Bernal Heights

  • Location: San Francisco
  • Median list price as of September 2019: $1,350,000
  • Year-over-year change from 2018-2019: 4.25%
H.L.I.T. / Flickr.com

28. Todt Hill

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

27. Playa Vista

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

26. Armonk

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

25. Mission Hills

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

24. Turtle Rock

  • 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

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astudio / Shutterstock.com

23. Financial District

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

22. Andreas Hills

  • 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

CooperGriggs / Getty Images/iStockphoto

21. Mar Vista

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

20. Arlington-East Falls

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

Pictured: Arlington

L.A. Nature Graphics / Shutterstock.com

19. Orchard Hills

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

18. Westwood

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

17. North City

  • 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

Johnny Adolphson / Shutterstock.com

16. Park Meadows

  • 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

Francois Roux / Shutterstock.com

15. Upper West Side

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

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Nagel Photography / Shutterstock.com

14. Mid-City West

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

13. Lloyd Harbor

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

12. Mid-Wilshire

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

11. Los Feliz

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

10. Lake Success

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

9. Venice

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

8. Midtown

  • Location: New York
  • Median list price as of September 2019: $2,400,000
  • Year-over-year change from 2018-2019: 14.31%
South Florida Aerials / Shutterstock.com

7. La Gorce

  • Location: Miami Beach, Florida
  • Median list price as of September 2019: $2,500,000
  • Year-over-year change from 2018-2019: 19.1%
DW labs Incorporated / Shutterstock.com

6. NoHo

  • 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

Richard Cavalleri / Shutterstock.com

5. Las Olas Isles

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

4. Corona del Mar

  • Location: Newport Beach, California
  • Median list price as of September 2019: $2,997,500
  • Year-over-year change from 2018-2019: 15.31%
David A. Litman / Shutterstock.com

3. Upper Deer Valley

  • 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

Tomas Kohoutek / Shutterstock.com

2. SoHo

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

1. Pacific Palisades

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

More From GOBankingRates

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.