Home prices in 2016: US median, top cities and today's value
In 2016, the Zillow Home Value Index valued the typical US home at $204,509, averaging twelve monthly figures from that year. The index climbed to $366,157 by September 2026, which was about three quarters higher than in 2016.
- Value of a typical home in 2016
- $204,509Zillow ZHVI, yearly average.
- Median price of a new house sold in 2016
- $305,125Sources: Census and HUD.
- Change from 2016
- +79.0%. Through September 2026, Zillow ZHVI.
House prices in 2016: median and average
Zillow's typical value includes homes of every age, while the Census and HUD figures include new houses only. During 2016, the median price for a new house sold was $305,125, while the average was $359,650, or 18% above the median. A few expensive houses raise the average. The FHFA index recorded its fastest annual increase since 2006 in 2016, rising +5.2% on the year.
| Year | Typical home (Zillow) | Median new house | Average new house | FHFA index, change on the year |
|---|---|---|---|---|
| 2011 | $162,508 | $224,900 | $264,600 | −3.9% |
| 2012 | $161,136 | $244,400 | $288,225 | −0.3% |
| 2013 | $171,420 | $266,225 | $321,650 | +3.7% |
| 2014 | $182,996 | $285,775 | $345,450 | +5.0% |
| 2015 | $192,738 | $294,150 | $350,450 | +5.1% |
| 2016 | $204,509 | $305,125 | $359,650 | +5.2% |
| 2017 | $216,766 | $322,425 | $381,150 | +5.4% |
| 2018 | $230,540 | $325,275 | $382,475 | +5.5% |
| 2019 | $242,088 | $320,250 | $379,875 | +4.6% |
| 2020 | $257,151 | $328,150 | $387,900 | +5.2% |
| 2021 | $295,959 | $383,000 | $452,675 | +13.7% |
Zillow Home Value Index, with a yearly average of monthly values. Yearly figures for new homes sold come from U.S. Census Bureau and HUD (FRED MSPUS, ASPUS). Yearly averages from the FHFA all-transactions index. Read more about the median price of a home and the average price of a home in America.
Monthly figures for 2016
From January 2016 through December 2016, the typical US home gained 4.9%. It reached a high of $209,461 in December 2016 and a low of $199,675 in January 2016.
| Month | Typical US home value | Change on the month |
|---|---|---|
| January 2016 | $199,675 | +0.58% |
| February 2016 | $200,823 | +0.57% |
| March 2016 | $201,678 | +0.43% |
| April 2016 | $202,459 | +0.39% |
| May 2016 | $203,244 | +0.39% |
| June 2016 | $204,200 | +0.47% |
| July 2016 | $204,928 | +0.36% |
| August 2016 | $205,612 | +0.33% |
| September 2016 | $206,363 | +0.37% |
| October 2016 | $207,308 | +0.46% |
| November 2016 | $208,355 | +0.51% |
| December 2016 | $209,461 | +0.53% |
Smoothed and seasonally adjusted: Zillow Home Value Index for the United States. Zillow Research data
Home prices in 2016 by city
Each of the 290 cities that has a page here with a 2016 value now has a higher value. Since 2016, Dayton has recorded the largest gain at +156%, while Lafayette has the smallest at +10%. The forty cities people searched for most:
| City | Typical value, 2016 | Typical value, September 2026 | Change from 2016 |
|---|---|---|---|
| Austin | $340,174 | $491,960 | +45% |
| Seattle | $561,694 | $822,572 | +46% |
| San Francisco | $1,140,787 | $1,441,021 | +26% |
| Denver | $354,087 | $520,947 | +47% |
| Los Angeles | $533,667 | $927,891 | +74% |
| Dallas | $166,430 | $303,442 | +82% |
| Houston | $166,746 | $259,465 | +56% |
| San Diego | $542,682 | $980,490 | +81% |
| Phoenix | $209,220 | $404,067 | +93% |
| Chicago | $235,729 | $334,108 | +42% |
| Las Vegas | $211,903 | $417,475 | +97% |
| Portland, Oregon | $403,568 | $524,318 | +30% |
| Nashville | $232,816 | $425,889 | +83% |
| Atlanta | $236,118 | $380,331 | +61% |
| Boise | $216,324 | $500,215 | +131% |
| San Jose | $735,731 | $1,353,869 | +84% |
| Miami | $314,502 | $583,705 | +86% |
| San Antonio | $158,063 | $244,623 | +55% |
| Sacramento | $281,633 | $470,552 | +67% |
| Washington, DC | $499,812 | $566,961 | +13% |
| Boston | $549,529 | $761,236 | +39% |
| Tucson | $172,151 | $318,760 | +85% |
| Orlando | $192,005 | $372,775 | +94% |
| Colorado Springs | $250,868 | $439,542 | +75% |
| Charlotte | $191,830 | $389,648 | +103% |
| Philadelphia | $132,474 | $231,584 | +75% |
| New York City | $591,229 | $825,854 | +40% |
| Reno | $303,165 | $571,562 | +89% |
| Charleston, SC | $296,779 | $587,511 | +98% |
| Tampa | $176,179 | $375,619 | +113% |
| Pittsburgh | $138,720 | $234,620 | +69% |
| Cape Coral | $209,931 | $334,660 | +59% |
| Salt Lake City | $284,914 | $568,970 | +100% |
| Bend | $385,839 | $721,430 | +87% |
| Raleigh | $241,684 | $424,663 | +76% |
| Naples | $339,363 | $545,587 | +61% |
| Jacksonville | $148,301 | $284,832 | +92% |
| Detroit | $32,985 | $74,742 | +127% |
| Columbus, Ohio | $116,085 | $243,122 | +109% |
| Indianapolis | $107,770 | $227,445 | +111% |
Zillow Home Value Index, using the 2016 yearly average and September 2026. See current figures for every city: home prices by city.
Home prices in 2016 by state
Based on Zillow's typical value, Idaho has had the largest increase since 2016 at +132%, while District of Columbia has had the smallest at +13%. The FHFA index did not fall in any state during 2016.
| State | Typical value, 2016 | Typical value, September 2026 | FHFA change in 2016 | FHFA change since 2016 |
|---|---|---|---|---|
| Alabama | $142,643 | $238,614 | +2.9% | +88% |
| Alaska | $282,047 | $397,932 | +2.0% | +58% |
| Arizona | $220,102 | $416,733 | +6.7% | +115% |
| Arkansas | $135,592 | $224,158 | +2.6% | +85% |
| California | $439,055 | $761,538 | +7.1% | +74% |
| Colorado | $319,956 | $529,013 | +10.4% | +84% |
| Connecticut | $242,525 | $447,319 | +0.5% | +90% |
| Delaware | $248,840 | $405,061 | +2.3% | +81% |
| District of Columbia | $500,278 | $567,271 | +6.5% | +32% |
| Florida | $200,392 | $375,361 | +9.2% | +117% |
| Georgia | $166,453 | $329,115 | +6.1% | +111% |
| Hawaii | $538,235 | $832,932 | +6.1% | +73% |
| Idaho | $205,233 | $476,754 | +7.4% | +149% |
| Illinois | $174,605 | $295,943 | +3.0% | +75% |
| Indiana | $129,312 | $257,165 | +3.4% | +103% |
| Iowa | $142,355 | $236,623 | +3.4% | +70% |
| Kansas | $133,409 | $246,055 | +4.3% | +89% |
| Kentucky | $126,662 | $230,909 | +3.8% | +91% |
| Louisiana | $182,468 | $213,867 | +3.5% | +42% |
| Maine | $198,348 | $412,002 | +3.8% | +120% |
| Maryland | $282,582 | $424,890 | +2.8% | +63% |
| Massachusetts | $365,076 | $655,219 | +4.9% | +90% |
| Michigan | $137,059 | $263,760 | +5.4% | +102% |
| Minnesota | $208,624 | $348,778 | +4.7% | +76% |
| Mississippi | $135,018 | $194,531 | +2.5% | +69% |
| Missouri | $142,596 | $265,387 | +4.3% | +94% |
| Montana | $227,096 | $467,275 | +3.8% | +111% |
| Nebraska | $151,162 | $278,299 | +4.1% | +90% |
| Nevada | $228,775 | $440,739 | +9.1% | +111% |
| New Hampshire | $239,147 | $510,937 | +4.0% | +119% |
| New Jersey | $309,070 | $575,123 | +2.5% | +99% |
| New Mexico | $174,718 | $315,812 | +2.9% | +87% |
| New York | $288,314 | $524,942 | +3.4% | +96% |
| North Carolina | $172,081 | $332,159 | +4.9% | +112% |
| North Dakota | $227,923 | $290,657 | +2.3% | +52% |
| Ohio | $128,152 | $245,982 | +3.9% | +102% |
| Oklahoma | $126,709 | $220,801 | +2.6% | +77% |
| Oregon | $293,525 | $492,753 | +10.8% | +78% |
| Pennsylvania | $167,480 | $287,078 | +2.7% | +86% |
| Rhode Island | $250,067 | $508,507 | +4.5% | +118% |
| South Carolina | $165,636 | $304,319 | +5.0% | +112% |
| South Dakota | $179,651 | $317,874 | +4.3% | +88% |
| Tennessee | $164,985 | $330,844 | +5.9% | +117% |
| Texas | $181,784 | $296,424 | +7.1% | +86% |
| Utah | $261,952 | $532,920 | +7.2% | +119% |
| Vermont | $235,402 | $391,900 | +1.4% | +100% |
| Virginia | $246,726 | $412,252 | +2.4% | +83% |
| Washington | $307,267 | $587,533 | +10.3% | +103% |
| West Virginia | $112,038 | $176,576 | +2.0% | +68% |
| Wisconsin | $172,524 | $337,196 | +4.0% | +105% |
| Wyoming | $232,642 | $369,044 | +2.1% | +76% |
Typical value from the Zillow Home Value Index, using the 2016 average and September 2026. The FHFA change compares the 2016 yearly average with Q2 2026 through the all-transactions house price index. FHFA HPI datasets
Today's value of a 2016 home
A home costing $204,509 in 2016 matched the typical US value that year. If it increased with the Zillow index, it would now be worth about $366,157. With consumer prices alone, it would be worth $287,105. Once adjusted for inflation, today's median new house price is 8% lower than in 2016.
| A $204,509 home from 2016 | Worth now | As of |
|---|---|---|
| Grown with the Zillow index for the US | $366,157 | September 2026 |
| Grown with the FHFA house price index for the US | $392,890 | Q2 2026 |
| Grown with consumer prices only (CPI-U) | $287,105 | September 2026 |
Each series is compared with itself, from 2016 to now:
| Series | 2016 | Now | As of | Change |
|---|---|---|---|---|
| Median new house sold, Census and HUD | $305,125 | $393,300 | Q3 2026 | +29% |
| Average new house sold, Census and HUD | $359,650 | $494,400 | Q3 2026 | +37% |
| Typical home value, Zillow ZHVI | $204,509 | $366,157 | September 2026 | +79% |
| FHFA house price index (an index, not dollars) | 374.7 | 719.9 | Q2 2026 | +92% |
| Consumer prices (CPI-U) | 240.0 | 336.9 | September 2026 | +40% |
Use the calculator for home appreciation for any city and purchase price.
Where 2016 fits
For the whole country, the Zillow line shows 2016 with a dashed line.2016 sits within the national fall: the typical home dropped 24% from April 2007 to February 2012, then moved above its previous high in January 2017.
Previously: home prices in 2015. Next: home prices in 2017. All years in one place: yearly home prices. Each housing market fall since 1975: market crash history. Current city-by-city values for a home bought in 2016: the calculator for home appreciation.