10 Cities With the Highest and Lowest Home Price Inflation Since 2000

Prices have risen by more than 200% in all of the top 10 cities.

By Gabrielle Olya May 17, 2022 Understanding the Economy

All across the U.S., the rise in home prices is far outpacing inflation. Home prices have increased by 1,608% since 1970, while inflation has increased by 644%, according to the online real estate calculator resource, Anytime Estimate. If home prices grew at the same rate as inflation since 1970, the median home price today would be just $177,788 — in actuality, it’s $408,100.

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But home prices are not rising at the same rate everywhere, and some cities are seeing the effects of home price inflation more than others. Here’s a look at the cities with the highest and lowest home price inflation since 2000, as identified by Anytime Estimate.

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Cities With the Lowest Home Price Inflation Since 2000

Anytime Estimate tracked the changes in home values for the 50 biggest metros in the U.S. from 2000 to 2022, and these 10 cities had the lowest home price inflation. Only eight cities have seen home prices increase less than 100% over the last 22 years.

10. Milwaukee

Typical home value in 2000: $124,638
Typical home value in 2022: $252,346
Percent increase: 103%

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9. Louisville, Kentucky

Typical home value in 2000: $112,765
Typical home value in 2022: $227,188
Percent increase: 102%

8. St. Louis

Typical home value in 2000: $114,533
Typical home value in 2022: $226,743
Percent increase: 98%

7. Birmingham, Alabama

Typical home value in 2000: $117,596
Typical home value in 2022: $222,928
Percent increase: 90%

6. Cincinnati

Typical home value in 2000: $129,180
Typical home value in 2022: $242,958
Percent increase: 88%

5. Hartford, Connecticut

Typical home value in 2000: $159,704
Typical home value in 2022: $299,964
Percent increase: 87%

4. Chicago

Typical home value in 2000: $169,006
Typical home value in 2022: $292,436
Percent increase: 73%

3. Memphis, Tennessee

Typical home value in 2000: $123,168
Typical home value in 2022: $212,725
Percent increase: 72%

2. Detroit

Typical home value in 2000: $141,259
Typical home value in 2022: $229,141
Percent increase: 62%

1. Cleveland

Typical home value in 2000: $123,168
Typical home value in 2022: $202,044
Percent increase: 60%

Cities With the Highest Home Price Inflation Since 2000

Homes have increased in value by more than 200% since 2000 in 13 cities, Anytime Estimate found. And one state — California — is home to six of the top 10 cities with the highest home price inflation. Here’s a look at the full ranking of the top 10 cities for home price inflation.

10. Austin, Texas

Typical home value in 2000: $181,095
Typical home value in 2022: $558,699
Percent increase: 209%

9. Miami

Typical home value in 2000: $126,285
Typical home value in 2022: $404,601
Percent increase: 220%

8. Tampa, Florida

Typical home value in 2000: $103,604
Typical home value in 2022: $334,537
Percent increase: 223%

7. Seattle

Typical home value in 2000: $218,843
Typical home value in 2022: $733,604
Percent increase: 236%

6. Sacramento, California

Typical home value in 2000: $173,259
Typical home value in 2022: $583,329
Percent increase: 237%

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5. San Jose, California

Typical home value in 2000: $437,148
Typical home value in 2022: $1,578,375
Percent increase: 261%

4. San Diego

Typical home value in 2000: $228,853
Typical home value in 2022: $857,991
Percent increase: 275%

3. Riverside, California

Typical home value in 2000: $143,956
Typical home value in 2022: $544,220
Percent increase: 278%

2. Los Angeles

Typical home value in 2000: $231,141
Typical home value in 2022: $878,396
Percent increase: 280%

1. San Francisco

Typical home value in 2000: $356,800
Typical home value in 2022: $1,391,474
Percent increase: 290%

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About the Author

Gabrielle Olya

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert.