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Money / Housing & Real Estate

15 Cities Where Home Prices Increased the Most in the Last 15 Years

Published February 4, 2025•Updated October 28, 2025

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Young bearded father placing For sale sign into ground near house while putting house up for sale
shironosov/istockphoto

A sad truth is that we live in a nation where homes are considered unaffordable in 99% of the country. There is no city immune to the shocking increase in home prices, but the last five years have been brutal.

CBS pulled together a report based on data from the U.S. Bureau of Labor Statistics of home and rent prices across the country since 2019. 

Here are 15 cities with some of the biggest and most shocking price percentage increases.

1. Phoenix

Phoenix skyline at sunset
4kodiak/istockphoto

Average Home Price in 2019: $249,959

Average Home Price in 2024: $454,180

Price Increase: 81.7%

2. Atlantic City, New Jersey

ATLANTIC CITY, NEW JERSEY - AUGUST 19, 2017: Boat lifeguard, beach and steel Pier in Atlantic City. Established in the 1800s as a health resort, today the city is dotted with modern high-rise hotels.
Vladone / iStock

Average Home Price in 2019: $208,697

Average Home Price in 2024: $361,721

Price Increase: 73.3%

3. Manchester, New Hampshire

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Sean Pavone/istockphoto

Average Home Price in 2019: $300,182

Average Home Price in 2024: $487,472

Price Increase: 62.4%

4. Wilmington, North Carolina

Wilmington, North Carolina
traveler1116/istockphoto

Average Home Price in 2019: $267,975

Average Home Price in 2024: $429,341

Price Increase: 60.2%

5. Tampa, Florida

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ferrantraite/istockphoto

Average Home Price in 2019: $232,642

Average Home Price in 2024: $370,924

Price Increase: 59.5%

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6. Albuquerque, New Mexico

Albuquerque, New Mexico
Faina Gurevich/istockphoto

Average Home Price in 2019: $211,147

Average Home Price in 2024: $334,538

Price Increase: 58.4%

7. San Diego

San Diego
Sean Pavone/istockphoto

Average Home Price in 2019: $604,521

Average Home Price in 2024: $941,878

Price Increase: 55.8%

8. Providence, Rhode Island

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SeanPavonePhoto/istockphoto

Average Home Price in 2019: $313,132

Average Home Price in 2024: $486,878

Price Increase: 55.5%

9. Bridgeport, Connecticut

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DenisTangneyJr/istockphoto

Average Home Price in 2019: $412,910

Average Home Price in 2024: $628,053

Price Increase: 52.1%

10. Olympia, Washington

Sundown over Olympia Washington with Mt. Rainier in background
John Callery/istockphoto

Average Home Price in 2019: $346,278

Average Home Price in 2024: $516,717

Price Increase: 49.2%

11. Nashville, Tennessee

Nashville Tennessee TN Drone Skyline Aerial Panorama.
Kruck20/istockphoto

Average Home Price in 2019: $294,166

Average Home Price in 2024: $437,563

Price Increase: 48.7%

12. Provo, Utah

Provo, Utah, USA downtown cityscape at dusk.
Sean Pavone/istockphoto

Average Home Price in 2019: $365,712

Average Home Price in 2024: $533,267

Price Increase: 45.8%

13. Burlington, Vermont

Burlington, Vermont
Erika J Mitchell/shutterstock

Average Home Price in 2019: $319,343

Average Home Price in 2024: $465,423

Price Increase: 45.7%

14. Los Angeles

Downtown Los Angeles at sunset
choness/istockphoto

Average Home Price in 2019: $662,150

Average Home Price in 2024: $956,130

Price Increase: 44.3%

15. Madison, Wisconsin

Aerial view of Madison city downtown at sunset, Wisconsin
marchello74/istockphoto

Average Home Price in 2019: $288,475

Average Home Price in 2024: $415,308

Price Increase: 43.9%

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Meet the Writer


Wilder Shaw

Wilder Shaw is a staff writer at Cheapism who has written for publications like The Washington Post, Thrillist, Time Out, and more, but you most likely recognize him as Trick-or-Treater No. 2 from a 1996 episode of “The Nanny”. Give him a shout on Bluesky and Instagram.