Home prices in 2022: US median, top cities and today's value
Under the Zillow Home Value Index, the typical US home was valued at $340,014 in 2022, based on its twelve-month average that year. The same index stands at $366,157 in September 2026, putting the typical home 8% above its 2022 level.
- Typical home value for 2022
- $340,014Year average, Zillow ZHVI.
- Median price of a new house sold in 2022
- $432,950HUD and Census.
- Change measured since 2022
- +7.7%. Through September 2026, Zillow ZHVI.
House prices in 2022: median and average
Zillow's typical value includes homes of every age, while the Census and HUD figures cover new houses only. Among new houses sold in 2022, the median price was $432,950. The average reached $516,425, 19% above the median, as a few costly houses raised it. The FHFA index recorded its fastest yearly rise to that point in 2022, at +16.4%.
| Year | Typical home (Zillow) | Median new house | Average new house | FHFA index, change on the year |
|---|---|---|---|---|
| 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% |
| 2022 | $340,014 | $432,950 | $516,425 | +16.4% |
| 2023 | $348,160 | $426,525 | $507,125 | +5.2% |
| 2024 | $359,751 | $418,975 | $507,875 | +5.5% |
| 2025 | $362,959 | $415,400 | $519,700 | +3.8% |
Zillow Home Value Index, based on yearly averages of its monthly figures. Yearly figures for new houses sold come from the U.S. Census Bureau and HUD (FRED MSPUS, ASPUS). Yearly average for the FHFA all-transactions index. More about these two measures: median home price in America and average home price in America.
Monthly figures for 2022
From January 2022 to December 2022, the typical US home gained 8.4%. Its highest value was $349,338 in August 2022, while its lowest was $318,273 in January 2022.
| Month | Typical US home value | Change on the month |
|---|---|---|
| January 2022 | $318,273 | +1.42% |
| February 2022 | $323,620 | +1.68% |
| March 2022 | $329,906 | +1.94% |
| April 2022 | $336,189 | +1.90% |
| May 2022 | $341,803 | +1.67% |
| June 2022 | $346,496 | +1.37% |
| July 2022 | $348,962 | +0.71% |
| August 2022 | $349,338 | +0.11% |
| September 2022 | $348,056 | −0.37% |
| October 2022 | $346,823 | −0.35% |
| November 2022 | $345,812 | −0.29% |
| December 2022 | $344,892 | −0.27% |
Zillow Home Value Index for the United States, seasonally adjusted and smoothed. Zillow Research data
Home prices in 2022 by city
There are 291 cities here with a page and a 2022 value, and 80 of them are still worth less now than they were in 2022. Since 2022, Rockford has had the largest increase at +46%, while Jackson, Mississippi has had the smallest at −28%. These forty cities received the most searches:
| City | Typical value, 2022 | Typical value, September 2026 | Change measured since 2022 |
|---|---|---|---|
| Austin | $638,500 | $491,960 | −23% |
| Seattle | $871,889 | $822,572 | −6% |
| San Francisco | $1,419,579 | $1,441,021 | +2% |
| Denver | $574,580 | $520,947 | −9% |
| Los Angeles | $926,427 | $927,891 | 0% |
| Dallas | $315,092 | $303,442 | −4% |
| Houston | $264,664 | $259,465 | −2% |
| San Diego | $924,668 | $980,490 | +6% |
| Phoenix | $436,778 | $404,067 | −7% |
| Chicago | $302,612 | $334,108 | +10% |
| Las Vegas | $421,463 | $417,475 | −1% |
| Portland, Oregon | $558,522 | $524,318 | −6% |
| Nashville | $433,358 | $425,889 | −2% |
| Atlanta | $406,664 | $380,331 | −6% |
| Boise | $508,613 | $500,215 | −2% |
| San Jose | $1,288,594 | $1,353,869 | +5% |
| Miami | $498,274 | $583,705 | +17% |
| San Antonio | $265,412 | $244,623 | −8% |
| Sacramento | $500,462 | $470,552 | −6% |
| Washington, DC | $633,787 | $566,961 | −11% |
| Boston | $750,426 | $761,236 | +1% |
| Tucson | $324,810 | $318,760 | −2% |
| Orlando | $362,083 | $372,775 | +3% |
| Colorado Springs | $466,813 | $439,542 | −6% |
| Charlotte | $382,791 | $389,648 | +2% |
| Philadelphia | $222,103 | $231,584 | +4% |
| New York City | $792,575 | $825,854 | +4% |
| Reno | $561,104 | $571,562 | +2% |
| Charleston, SC | $493,908 | $587,511 | +19% |
| Tampa | $371,904 | $375,619 | +1% |
| Pittsburgh | $221,730 | $234,620 | +6% |
| Cape Coral | $406,747 | $334,660 | −18% |
| Salt Lake City | $559,208 | $568,970 | +2% |
| Bend | $759,294 | $721,430 | −5% |
| Raleigh | $429,783 | $424,663 | −1% |
| Naples | $576,834 | $545,587 | −5% |
| Jacksonville | $294,054 | $284,832 | −3% |
| Detroit | $79,247 | $74,742 | −6% |
| Columbus, Ohio | $221,521 | $243,122 | +10% |
| Indianapolis | $212,858 | $227,445 | +7% |
Zillow Home Value Index, using the 2022 yearly average and September 2026. Today, every city: home prices by city.
Home prices in 2022 by state
Based on Zillow's typical value, Connecticut has had the largest rise since 2022 at +30%. District of Columbia has had the smallest at −11%. No FHFA index for a state fell during 2022 itself.
| State | Typical value, 2022 | Typical value, September 2026 | FHFA change in 2022 | FHFA change since 2022 |
|---|---|---|---|---|
| Alabama | $222,740 | $238,614 | +16.2% | +20% |
| Alaska | $356,384 | $397,932 | +11.8% | +21% |
| Arizona | $443,047 | $416,733 | +21.0% | +9% |
| Arkansas | $201,982 | $224,158 | +17.2% | +21% |
| California | $737,680 | $761,538 | +15.2% | +9% |
| Colorado | $551,486 | $529,013 | +15.9% | +6% |
| Connecticut | $344,248 | $447,319 | +14.0% | +34% |
| Delaware | $362,603 | $405,061 | +14.7% | +23% |
| District of Columbia | $634,157 | $567,271 | +6.8% | −3% |
| Florida | $378,139 | $375,361 | +24.8% | +13% |
| Georgia | $315,701 | $329,115 | +21.0% | +18% |
| Hawaii | $824,795 | $832,932 | +19.7% | +16% |
| Idaho | $483,268 | $476,754 | +17.7% | +11% |
| Illinois | $244,927 | $295,943 | +12.3% | +29% |
| Indiana | $219,939 | $257,165 | +15.4% | +25% |
| Iowa | $203,622 | $236,623 | +12.9% | +20% |
| Kansas | $206,789 | $246,055 | +13.9% | +24% |
| Kentucky | $200,715 | $230,909 | +14.7% | +24% |
| Louisiana | $221,335 | $213,867 | +10.1% | +8% |
| Maine | $358,274 | $412,002 | +18.4% | +28% |
| Maryland | $394,575 | $424,890 | +11.2% | +17% |
| Massachusetts | $561,782 | $655,219 | +13.4% | +23% |
| Michigan | $227,225 | $263,760 | +13.6% | +26% |
| Minnesota | $323,610 | $348,778 | +11.6% | +16% |
| Mississippi | $187,001 | $194,531 | +14.3% | +19% |
| Missouri | $230,667 | $265,387 | +15.2% | +23% |
| Montana | $432,489 | $467,275 | +20.8% | +18% |
| Nebraska | $239,312 | $278,299 | +14.4% | +21% |
| Nevada | $442,782 | $440,739 | +17.9% | +11% |
| New Hampshire | $416,541 | $510,937 | +16.7% | +30% |
| New Jersey | $457,701 | $575,123 | +15.6% | +34% |
| New Mexico | $279,575 | $315,812 | +15.6% | +20% |
| New York | $432,567 | $524,942 | +13.2% | +30% |
| North Carolina | $310,919 | $332,159 | +21.9% | +20% |
| North Dakota | $257,573 | $290,657 | +10.4% | +21% |
| Ohio | $204,925 | $245,982 | +14.4% | +27% |
| Oklahoma | $194,881 | $220,801 | +15.5% | +19% |
| Oregon | $496,782 | $492,753 | +13.2% | +7% |
| Pennsylvania | $249,697 | $287,078 | +13.0% | +25% |
| Rhode Island | $412,426 | $508,507 | +15.7% | +31% |
| South Carolina | $280,888 | $304,319 | +20.4% | +25% |
| South Dakota | $287,529 | $317,874 | +17.4% | +18% |
| Tennessee | $306,811 | $330,844 | +22.2% | +19% |
| Texas | $306,073 | $296,424 | +19.2% | +10% |
| Utah | $525,967 | $532,920 | +19.1% | +10% |
| Vermont | $364,330 | $391,900 | +17.5% | +30% |
| Virginia | $359,336 | $412,252 | +14.2% | +24% |
| Washington | $582,517 | $587,533 | +15.9% | +10% |
| West Virginia | $153,876 | $176,576 | +11.0% | +26% |
| Wisconsin | $273,516 | $337,196 | +15.2% | +31% |
| Wyoming | $321,606 | $369,044 | +15.0% | +19% |
Typical value from the Zillow Home Value Index, using the 2022 average and September 2026. FHFA change comes from its all-transactions house price index, covering the 2022 yearly average through Q2 2026. FHFA HPI datasets
Current value of a 2022 home
For a home costing $340,014 in 2022, that price equaled the typical US value for the year. With the Zillow index, it would now be worth about $366,157. Using consumer prices alone, it would be worth $391,465. Once inflation is factored in, today's median new house price is 21% below what it was in 2022.
| A $340,014 home from 2022 | Worth now | As of |
|---|---|---|
| Grown with the Zillow index for the US | $366,157 | September 2026 |
| US value growth under the FHFA house price index | $403,093 | Q2 2026 |
| Grown with consumer prices only (CPI-U) | $391,465 | September 2026 |
Compare each series with itself in 2022 and now:
| Series | 2022 | Now | As of | Change |
|---|---|---|---|---|
| Median new house sold, Census and HUD | $432,950 | $393,300 | Q3 2026 | −9% |
| Average new house sold, Census and HUD | $516,425 | $494,400 | Q3 2026 | −4% |
| Typical home value, Zillow ZHVI | $340,014 | $366,157 | September 2026 | +8% |
| FHFA house price index (an index, not dollars) | 607.2 | 719.9 | Q2 2026 | +19% |
| Consumer prices (CPI-U) | 292.7 | 336.9 | September 2026 | +15% |
Based on a chosen city and amount paid: the home appreciation calculator.
The year 2022 in broader context
For the country as a whole, a dashed line identifies 2022 on the Zillow chart.
For an earlier year: home prices in 2021. For a later year: home prices in 2023. On one page, every year: home prices by year. For each fall since 1975: housing market crash history. To find the current city-by-city value of a home bought in 2022, use the home appreciation calculator.