Most Expensive U.S. Housing Markets (2025)
Median value of owner-occupied homes, as reported by owners to the Census Bureau. Among the 57 metro areas with at least 1 million people, San Jose, CA ranks first at $1,605,600. Across all 393 metros with data, the leader is San Jose, CA ($1,605,600). The U.S. figure is $371,100.
Metro areas with 1 million+ residents
57 metro areas, ranked.
| Rank | Metro area | Median home value | Home value ÷ income |
|---|---|---|---|
| 1 | San Jose, CA | $1,605,600 | 9.7× |
| 2 | San Francisco, CA | $1,152,400 | 8.5× |
| 3 | San Diego, CA | $927,700 | 8.4× |
| 4 | Los Angeles, CA | $925,900 | 9.2× |
| 5 | Seattle, WA | $771,100 | 6.4× |
| 6 | Boston, MA | $713,900 | 6.0× |
| 7 | New York, NY | $691,700 | 6.8× |
| 8 | Denver, CO | $626,500 | 5.8× |
| 9 | Washington, DC | $612,500 | 4.7× |
| 10 | Sacramento, CA | $594,600 | 5.8× |
| 11 | Riverside, CA | $587,200 | 6.2× |
| 12 | Salt Lake City, UT | $579,200 | 5.7× |
| 13 | Portland, OR | $575,500 | 5.8× |
| 14 | Miami, FL | $525,700 | 6.3× |
| 15 | Providence, RI | $492,800 | 5.3× |
| 16 | Raleigh, NC | $465,500 | 4.6× |
| 17 | Phoenix, AZ | $464,400 | 5.1× |
| 18 | Nashville, TN | $461,800 | 5.0× |
| 19 | Austin, TX | $459,900 | 4.5× |
| 20 | Las Vegas, NV | $453,500 | 5.5× |
| 21 | Baltimore, MD | $419,800 | 4.1× |
| 22 | Fresno, CA | $416,600 | 5.6× |
| 23 | Charlotte, NC | $415,300 | 4.7× |
| 24 | Orlando, FL | $411,400 | 4.8× |
| 25 | Atlanta, GA | $407,900 | 4.3× |
| 26 | Richmond, VA | $399,000 | 4.3× |
| 27 | Minneapolis, MN | $396,700 | 3.9× |
| 28 | Philadelphia, PA | $395,900 | 4.1× |
| 29 | Dallas, TX | $392,000 | 4.1× |
| 30 | Hartford, CT | $388,700 | 4.0× |
| 31 | Tampa, FL | $382,900 | 4.6× |
| 32 | Virginia Beach, VA | $374,200 | 4.3× |
| 33 | Jacksonville, FL | $369,100 | 4.4× |
| 34 | Milwaukee, WI | $355,600 | 4.4× |
| 35 | Tucson, AZ | $352,300 | 4.7× |
| 36 | Chicago, IL | $347,700 | 3.7× |
| 37 | Columbus, OH | $347,600 | 4.1× |
| 38 | Grand Rapids, MI | $333,100 | 3.9× |
| 39 | Kansas City, MO | $331,600 | 3.8× |
| 40 | Houston, TX | $329,000 | 3.8× |
| 41 | Greenville, SC | $316,800 | 4.4× |
| 42 | Cincinnati, OH | $312,400 | 3.6× |
| 43 | Omaha, NE | $311,100 | 3.6× |
| 44 | San Antonio, TX | $309,800 | 3.8× |
| 45 | Indianapolis, IN | $304,600 | 3.6× |
| 46 | Louisville, KY | $288,400 | 3.8× |
| 47 | Detroit, MI | $284,200 | 3.6× |
| 48 | St. Louis, MO | $283,300 | 3.4× |
| 49 | Birmingham, AL | $282,200 | 3.7× |
| 50 | Memphis, TN | $280,700 | 4.0× |
| 51 | Oklahoma City, OK | $268,600 | 3.6× |
| 52 | Buffalo, NY | $266,700 | 3.5× |
| 53 | Tulsa, OK | $260,700 | 3.6× |
| 54 | Rochester, NY | $252,300 | 3.2× |
| 55 | Cleveland, OH | $250,500 | 3.4× |
| 56 | Pittsburgh, PA | $240,000 | 3.1× |
| 57 | San Juan, PR | $161,900 | 5.0× |
Top 25 of all 393 metro areas
Including smaller metros, which can show more extreme values.
| Rank | Metro area | Median home value | Home value ÷ income |
|---|---|---|---|
| 1 | San Jose, CA | $1,605,600 | 9.7× |
| 2 | San Francisco, CA | $1,152,400 | 8.5× |
| 3 | Santa Cruz, CA | $1,082,200 | 9.7× |
| 4 | Kahului, HI | $1,020,500 | 9.8× |
| 5 | Urban Honolulu, HI | $949,900 | 8.5× |
| 6 | San Diego, CA | $927,700 | 8.4× |
| 7 | Los Angeles, CA | $925,900 | 9.2× |
| 8 | San Luis Obispo, CA | $877,800 | 9.0× |
| 9 | Salinas, CA | $862,000 | 8.3× |
| 10 | Oxnard, CA | $860,200 | 7.6× |
| 11 | Napa, CA | $858,700 | 6.9× |
| 12 | Santa Maria, CA | $857,900 | 8.4× |
| 13 | Santa Rosa, CA | $819,200 | 7.8× |
| 14 | Seattle, WA | $771,100 | 6.4× |
| 15 | Boulder, CO | $770,900 | 7.6× |
| 16 | Bozeman, MT | $750,400 | 7.3× |
| 17 | Barnstable Town, MA | $716,200 | 7.1× |
| 18 | Boston, MA | $713,900 | 6.0× |
| 19 | New York, NY | $691,700 | 6.8× |
| 20 | Bend, OR | $666,100 | 6.9× |
| 21 | Bridgeport, CT | $654,800 | 5.4× |
| 22 | Bellingham, WA | $641,600 | 7.3× |
| 23 | Denver, CO | $626,500 | 5.8× |
| 24 | Vallejo, CA | $620,900 | 6.1× |
| 25 | Naples, FL | $619,900 | 6.0× |
Notes
Which large U.S. metro ranks first?+
San Jose, CA ($1,605,600), among metro areas with 1 million or more residents, based on 2025 Census data.
Where does this data come from?+
The U.S. Census Bureau’s American Community Survey 2025 1-year estimates, the most recent annual data for metro areas.
Source: U.S. Census Bureau, American Community Survey 2025 1-year estimates (released September 2026), with 2024 and 2021 for trends. Figures are survey estimates with margins of error; small differences between metros may not be meaningful. Metro areas use the official Metropolitan Statistical Area boundaries. Compiled and analyzed by Metro Research. Methodology.
Free to cite with a link to this page. Download the full data (CSV).