Home prices in 2007: US median, top cities and today's value
The Zillow Home Value Index placed the typical US home at $208,448 in 2007, based on the average for all twelve months. Since 2007 the typical home has gained about three quarters, and the index now stands at $366,157 in September 2026.
- Typical home value in 2007
- $208,448Yearly average from Zillow ZHVI.
- Median price for a new home sold in 2007
- $244,950Sources: Census, HUD.
- 2007-to-date change
- +75.7%. Through September 2026, Zillow ZHVI.
House prices in 2007: median and average
Homes of every age go into Zillow's typical value, while the Census and HUD numbers cover only new houses. In 2007 a new house had a median price of $244,950 and an average of $309,800. The average ran 26% above the median, since a few high-priced houses push averages up. The FHFA index changed by just +1.1% in 2007, making it a nearly flat year.
| Year | Typical home (Zillow) | Median new house | Average new house | FHFA index, change on the year |
|---|---|---|---|---|
| 2002 | $144,276 | $186,025 | $226,700 | +6.3% |
| 2003 | $155,308 | $192,125 | $244,550 | +6.2% |
| 2004 | $169,891 | $218,150 | $272,125 | +9.4% |
| 2005 | $189,732 | $236,550 | $291,275 | +11.4% |
| 2006 | $206,531 | $243,750 | $303,900 | +7.2% |
| 2007 | $208,448 | $244,950 | $309,800 | +1.1% |
| 2008 | $195,574 | $229,550 | $289,075 | −5.1% |
| 2009 | $177,542 | $215,650 | $269,350 | −5.5% |
| 2010 | $171,462 | $222,700 | $272,025 | −4.1% |
| 2011 | $162,508 | $224,900 | $264,600 | −3.9% |
| 2012 | $161,136 | $244,400 | $288,225 | −0.3% |
Zillow Home Value Index, averaged across the months of each year. U.S. Census Bureau and HUD figures for new houses sold each year (FRED MSPUS, ASPUS). Yearly average from the FHFA all-transactions index. Read more about both measures: median price of a home and average price in America.
Every month of 2007
From January 2007 through December 2007, the typical US home declined by 2.2%. Its peak was $209,819 in April 2007, while its low was $205,090 in December 2007.
| Month | Typical US home value | Change on the month |
|---|---|---|
| January 2007 | $209,722 | +0.02% |
| February 2007 | $209,762 | +0.02% |
| March 2007 | $209,790 | +0.01% |
| April 2007 | $209,819 | +0.01% |
| May 2007 | $209,727 | −0.04% |
| June 2007 | $209,461 | −0.13% |
| July 2007 | $208,967 | −0.24% |
| August 2007 | $208,383 | −0.28% |
| September 2007 | $207,686 | −0.33% |
| October 2007 | $206,937 | −0.36% |
| November 2007 | $206,038 | −0.43% |
| December 2007 | $205,090 | −0.46% |
Zillow Home Value Index for the United States, seasonally adjusted and smoothed. Zillow Research data
Home prices in 2007 by city
Among the 259 cities with both a page here and a 2007 value, only one remains worth less than it was in 2007. Since 2007, Huntsville has posted the largest increase at +246%, while Detroit has the smallest at −14%. The forty cities people searched for most:
| City | Typical value, 2007 | Typical value, September 2026 | 2007-to-date change |
|---|---|---|---|
| Austin | $231,370 | $491,960 | +113% |
| Seattle | $489,519 | $822,572 | +68% |
| San Francisco | $792,345 | $1,441,021 | +82% |
| Denver | $244,196 | $520,947 | +113% |
| Los Angeles | $585,194 | $927,891 | +59% |
| Dallas | $123,096 | $303,442 | +147% |
| Houston | $130,763 | $259,465 | +98% |
| San Diego | $504,700 | $980,490 | +94% |
| Phoenix | $246,116 | $404,067 | +64% |
| Chicago | $285,038 | $334,108 | +17% |
| Las Vegas | $317,273 | $417,475 | +32% |
| Portland, Oregon | $307,771 | $524,318 | +70% |
| Nashville | $183,917 | $425,889 | +132% |
| Atlanta | $228,875 | $380,331 | +66% |
| Boise | $208,112 | $500,215 | +140% |
| San Jose | $607,284 | $1,353,869 | +123% |
| Miami | $377,854 | $583,705 | +54% |
| San Antonio | $128,726 | $244,623 | +90% |
| Sacramento | $308,263 | $470,552 | +53% |
| Washington, DC | $387,571 | $566,961 | +46% |
| Boston | $389,596 | $761,236 | +95% |
| Tucson | $217,830 | $318,760 | +46% |
| Orlando | $250,181 | $372,775 | +49% |
| Colorado Springs | $224,329 | $439,542 | +96% |
| Charlotte | $176,552 | $389,648 | +121% |
| Philadelphia | $132,904 | $231,584 | +74% |
| New York City | $521,526 | $825,854 | +58% |
| Reno | $343,945 | $571,562 | +66% |
| Charleston, SC | $273,655 | $587,511 | +115% |
| Tampa | $216,324 | $375,619 | +74% |
| Pittsburgh | $101,694 | $234,620 | +131% |
| Cape Coral | $259,194 | $334,660 | +29% |
| Salt Lake City | $241,532 | $568,970 | +136% |
| Bend | $396,192 | $721,430 | +82% |
| Raleigh | $221,404 | $424,663 | +92% |
| Naples | $403,725 | $545,587 | +35% |
| Jacksonville | $184,153 | $284,832 | +55% |
| Detroit | $87,353 | $74,742 | −14% |
| Columbus, Ohio | $116,376 | $243,122 | +109% |
| Indianapolis | $94,235 | $227,445 | +141% |
Zillow Home Value Index figures for the 2007 yearly average and September 2026. See all cities today: home prices by city.
Home prices in 2007 by state
Based on Zillow's typical value, Montana has had the largest increase since 2007 at +146%, while Maryland has the smallest at +24%. The FHFA index fell in 11 states during 2007, with California's decline the deepest at −5.4%.
| State | Typical value, 2007 | Typical value, September 2026 | FHFA change in 2007 | FHFA change since 2007 |
|---|---|---|---|---|
| Alabama | $139,155 | $238,614 | +4.7% | +84% |
| Alaska | $244,368 | $397,932 | +3.9% | +75% |
| Arizona | $271,442 | $416,733 | −1.0% | +77% |
| Arkansas | $127,684 | $224,158 | +3.0% | +90% |
| California | $461,067 | $761,538 | −5.4% | +60% |
| Colorado | $239,872 | $529,013 | +1.3% | +138% |
| Connecticut | $307,846 | $447,319 | +0.2% | +58% |
| Delaware | $279,363 | $405,061 | +2.5% | +57% |
| District of Columbia | $387,896 | $567,271 | +2.7% | +65% |
| Florida | $247,575 | $375,361 | −2.6% | +79% |
| Georgia | $172,336 | $329,115 | +2.9% | +103% |
| Hawaii | $474,855 | $832,932 | +2.0% | +82% |
| Idaho | $203,083 | $476,754 | +5.9% | +141% |
| Illinois | $212,042 | $295,943 | +1.4% | +53% |
| Indiana | $119,654 | $257,165 | +1.4% | +111% |
| Iowa | $122,938 | $236,623 | +2.2% | +89% |
| Kansas | $119,869 | $246,055 | +2.7% | +104% |
| Kentucky | $117,275 | $230,909 | +2.4% | +105% |
| Louisiana | $163,919 | $213,867 | +5.1% | +56% |
| Maine | $205,912 | $412,002 | +1.5% | +111% |
| Maryland | $341,570 | $424,890 | +1.8% | +36% |
| Massachusetts | $351,356 | $655,219 | −3.3% | +93% |
| Michigan | $143,179 | $263,760 | −4.2% | +96% |
| Minnesota | $210,834 | $348,778 | −0.7% | +69% |
| Mississippi | $127,655 | $194,531 | +5.0% | +68% |
| Missouri | $143,043 | $265,387 | +1.8% | +93% |
| Montana | $189,958 | $467,275 | +7.1% | +132% |
| Nebraska | $134,004 | $278,299 | +1.2% | +118% |
| Nevada | $321,232 | $440,739 | −4.4% | +63% |
| New Hampshire | $254,602 | $510,937 | −1.5% | +102% |
| New Jersey | $361,946 | $575,123 | −0.1% | +70% |
| New Mexico | $192,276 | $315,812 | +6.3% | +71% |
| New York | $282,707 | $524,942 | +0.6% | +87% |
| North Carolina | $171,000 | $332,159 | +5.3% | +113% |
| North Dakota | $290,657 | +4.9% | +125% | |
| Ohio | $130,607 | $245,982 | −0.9% | +98% |
| Oklahoma | $111,865 | $220,801 | +4.3% | +100% |
| Oregon | $274,670 | $492,753 | +5.6% | +88% |
| Pennsylvania | $171,344 | $287,078 | +2.8% | +85% |
| Rhode Island | $290,809 | $508,507 | −2.6% | +83% |
| South Carolina | $166,377 | $304,319 | +4.5% | +114% |
| South Dakota | $142,680 | $317,874 | +4.0% | +127% |
| Tennessee | $152,300 | $330,844 | +4.6% | +137% |
| Texas | $145,512 | $296,424 | +5.2% | +141% |
| Utah | $236,969 | $532,920 | +12.2% | +130% |
| Vermont | $219,130 | $391,900 | +2.6% | +97% |
| Virginia | $265,206 | $412,252 | +1.8% | +68% |
| Washington | $321,130 | $587,533 | +7.0% | +108% |
| West Virginia | $105,580 | $176,576 | +2.0% | +73% |
| Wisconsin | $180,389 | $337,196 | +1.3% | +98% |
| Wyoming | $201,271 | $369,044 | +9.8% | +90% |
Typical value from the Zillow Home Value Index, using the 2007 average and September 2026. HPI datasets for the FHFA change: the FHFA house price index covering all transactions, from the 2007 yearly average through Q2 2026.
The value today of a 2007 home
Start with a home priced at $208,448 in 2007, which matched the typical US value recorded that year. If it followed the Zillow index, the home would now be worth about $366,157. Following consumer prices alone would put its value at $338,737. Once you adjust for inflation, today's median new house comes to 1% below the 2007 one.
| A $208,448 home from 2007 | Worth now | As of |
|---|---|---|
| Grown with the Zillow index for the US | $366,157 | September 2026 |
| Grown with the US FHFA house price index | $397,287 | Q2 2026 |
| Grown with consumer prices only (CPI-U) | $338,737 | September 2026 |
Every series measured against itself, 2007 and now:
| Series | 2007 | Now | As of | Change |
|---|---|---|---|---|
| Median new house sold, Census and HUD | $244,950 | $393,300 | Q3 2026 | +61% |
| Average new house sold, Census and HUD | $309,800 | $494,400 | Q3 2026 | +60% |
| Typical home value, Zillow ZHVI | $208,448 | $366,157 | September 2026 | +76% |
| FHFA house price index (an index, not dollars) | 377.7 | 719.9 | Q2 2026 | +91% |
| Consumer prices (CPI-U) | 207.3 | 336.9 | September 2026 | +63% |
For a city and the amount paid, use the home appreciation calculator.
2007 in its historical setting
Across the country, the Zillow line carries a dashed mark at 2007. The year 2007 falls inside the national drop: the typical home fell 24% from April 2007 to February 2012, then topped its earlier high once more in January 2017.
Before: home prices for 2006. After: home prices for 2008. All years are covered on one page of home prices by year. Since 1975, every fall is covered in the housing market crash history. Today's value of a 2007 home purchase, for each city: use the home appreciation calculator.