Home prices in 2023: US median, top cities and today's value
The Zillow Home Value Index put the typical US home at $348,160 in 2023, based on an average for all twelve months that year. The index later stood at $366,157 in September 2026, with typical home values up 5% from 2023.
- 2023 typical home value
- $348,160Year average from Zillow ZHVI.
- 2023 median sale price for a new house
- $426,525Data from Census and HUD.
- Change from 2023
- +5.2%. through September 2026, Zillow ZHVI.
Average and median house prices in 2023
Zillow's typical value includes homes of any age, while the Census and HUD figures cover only new houses. During 2023, the median price for a new house was $426,525, while the average reached $507,125. A few costly houses pushed that average 19% above the median. The FHFA index recorded a strong year in 2023, rising +5.2% over the year.
| Year | Typical home (Zillow) | Median new house | Average new house | FHFA index, change on the year |
|---|---|---|---|---|
| 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% |
The Zillow Home Value Index uses a yearly average of monthly values. Yearly new house sales data come from the U.S. Census Bureau and HUD (FRED MSPUS, ASPUS). The FHFA all-transactions index is shown as a yearly average. More detail: median housing price and average housing price in America.
Monthly figures for 2023
From January 2023 to December 2023, the typical US home gained 3.0%. It reached a high of $353,997 in December 2023 and a low of $342,745 in March 2023.
| Month | Typical US home value | Change on the month |
|---|---|---|
| January 2023 | $343,688 | −0.35% |
| February 2023 | $342,808 | −0.26% |
| March 2023 | $342,745 | −0.02% |
| April 2023 | $343,721 | +0.28% |
| May 2023 | $345,366 | +0.48% |
| June 2023 | $347,327 | +0.57% |
| July 2023 | $349,095 | +0.51% |
| August 2023 | $350,736 | +0.47% |
| September 2023 | $351,976 | +0.35% |
| October 2023 | $352,904 | +0.26% |
| November 2023 | $353,561 | +0.19% |
| December 2023 | $353,997 | +0.12% |
Zillow Home Value Index for the United States, smoothed and seasonally adjusted. Zillow Research data
Home prices in 2023 by city
78 of the 291 cities that have a page here and a 2023 value are still worth less today than they were in 2023. Since 2023, Rockford has recorded the largest gain at +36%, while Fort Myers has the smallest at −18%. The forty cities people searched for most:
| City | Typical value, 2023 | Typical value, September 2026 | Change from 2023 |
|---|---|---|---|
| Austin | $578,161 | $491,960 | −15% |
| Seattle | $826,519 | $822,572 | 0% |
| San Francisco | $1,258,129 | $1,441,021 | +15% |
| Denver | $561,099 | $520,947 | −7% |
| Los Angeles | $913,282 | $927,891 | +2% |
| Dallas | $320,817 | $303,442 | −5% |
| Houston | $270,283 | $259,465 | −4% |
| San Diego | $930,481 | $980,490 | +5% |
| Phoenix | $415,802 | $404,067 | −3% |
| Chicago | $299,348 | $334,108 | +12% |
| Las Vegas | $404,836 | $417,475 | +3% |
| Portland, Oregon | $528,184 | $524,318 | −1% |
| Nashville | $437,842 | $425,889 | −3% |
| Atlanta | $406,526 | $380,331 | −6% |
| Boise | $468,779 | $500,215 | +7% |
| San Jose | $1,242,342 | $1,353,869 | +9% |
| Miami | $544,684 | $583,705 | +7% |
| San Antonio | $267,086 | $244,623 | −8% |
| Sacramento | $474,858 | $470,552 | −1% |
| Washington, DC | $610,455 | $566,961 | −7% |
| Boston | $738,303 | $761,236 | +3% |
| Tucson | $324,852 | $318,760 | −2% |
| Orlando | $379,494 | $372,775 | −2% |
| Colorado Springs | $454,063 | $439,542 | −3% |
| Charlotte | $386,400 | $389,648 | +1% |
| Philadelphia | $218,252 | $231,584 | +6% |
| New York City | $757,134 | $825,854 | +9% |
| Reno | $529,786 | $571,562 | +8% |
| Charleston, SC | $529,070 | $587,511 | +11% |
| Tampa | $383,762 | $375,619 | −2% |
| Pittsburgh | $223,458 | $234,620 | +5% |
| Cape Coral | $406,804 | $334,660 | −18% |
| Salt Lake City | $538,474 | $568,970 | +6% |
| Bend | $726,580 | $721,430 | −1% |
| Raleigh | $433,526 | $424,663 | −2% |
| Naples | $604,835 | $545,587 | −10% |
| Jacksonville | $298,976 | $284,832 | −5% |
| Detroit | $74,242 | $74,742 | +1% |
| Columbus, Ohio | $230,791 | $243,122 | +5% |
| Indianapolis | $219,418 | $227,445 | +4% |
The figures show the Zillow Home Value Index for the 2023 yearly average and September 2026. Today's figures for every city: home prices in every city.
Home prices in 2023 by state
Based on Zillow's typical value, Connecticut has had the largest increase since 2023 at +21%. District of Columbia has had the smallest at −7%. The FHFA index declined in three states during 2023 (Utah 0%, Nevada −0.5%, District of Columbia −3.8%).
| State | Typical value, 2023 | Typical value, September 2026 | FHFA change in 2023 | FHFA change since 2023 |
|---|---|---|---|---|
| Alabama | $228,579 | $238,614 | +6.1% | +13% |
| Alaska | $359,794 | $397,932 | +5.9% | +14% |
| Arizona | $424,598 | $416,733 | +1.1% | +7% |
| Arkansas | $206,960 | $224,158 | +7.5% | +12% |
| California | $728,141 | $761,538 | +1.0% | +8% |
| Colorado | $541,109 | $529,013 | +1.3% | +4% |
| Connecticut | $369,703 | $447,319 | +8.8% | +23% |
| Delaware | $376,930 | $405,061 | +6.5% | +15% |
| District of Columbia | $610,752 | $567,271 | −3.8% | +1% |
| Florida | $394,832 | $375,361 | +6.5% | +6% |
| Georgia | $325,590 | $329,115 | +7.0% | +11% |
| Hawaii | $827,921 | $832,932 | +1.7% | +14% |
| Idaho | $453,491 | $476,754 | +0.1% | +11% |
| Illinois | $252,305 | $295,943 | +6.5% | +21% |
| Indiana | $229,155 | $257,165 | +7.0% | +17% |
| Iowa | $211,391 | $236,623 | +6.3% | +13% |
| Kansas | $217,531 | $246,055 | +6.7% | +16% |
| Kentucky | $210,196 | $230,909 | +6.9% | +16% |
| Louisiana | $216,540 | $213,867 | +0.8% | +7% |
| Maine | $379,929 | $412,002 | +9.7% | +17% |
| Maryland | $403,766 | $424,890 | +4.7% | +12% |
| Massachusetts | $583,552 | $655,219 | +6.1% | +16% |
| Michigan | $233,029 | $263,760 | +6.4% | +18% |
| Minnesota | $326,043 | $348,778 | +3.8% | +11% |
| Mississippi | $185,779 | $194,531 | +5.3% | +13% |
| Missouri | $239,646 | $265,387 | +7.1% | +15% |
| Montana | $434,075 | $467,275 | +5.8% | +12% |
| Nebraska | $251,524 | $278,299 | +7.4% | +13% |
| Nevada | $424,306 | $440,739 | −0.5% | +11% |
| New Hampshire | $443,865 | $510,937 | +8.9% | +19% |
| New Jersey | $484,367 | $575,123 | +8.7% | +23% |
| New Mexico | $291,945 | $315,812 | +6.5% | +13% |
| New York | $441,605 | $524,942 | +6.7% | +21% |
| North Carolina | $322,617 | $332,159 | +7.4% | +12% |
| North Dakota | $260,201 | $290,657 | +4.9% | +15% |
| Ohio | $214,183 | $245,982 | +7.3% | +18% |
| Oklahoma | $203,574 | $220,801 | +6.2% | +12% |
| Oregon | $487,648 | $492,753 | +0.3% | +7% |
| Pennsylvania | $258,311 | $287,078 | +6.4% | +18% |
| Rhode Island | $434,215 | $508,507 | +8.2% | +21% |
| South Carolina | $293,329 | $304,319 | +8.4% | +15% |
| South Dakota | $295,888 | $317,874 | +6.0% | +11% |
| Tennessee | $316,775 | $330,844 | +6.4% | +12% |
| Texas | $308,406 | $296,424 | +3.2% | +6% |
| Utah | $509,072 | $532,920 | 0% | +10% |
| Vermont | $383,312 | $391,900 | +10.5% | +18% |
| Virginia | $373,652 | $412,252 | +6.8% | +16% |
| Washington | $568,943 | $587,533 | +0.7% | +9% |
| West Virginia | $158,247 | $176,576 | +5.6% | +19% |
| Wisconsin | $290,234 | $337,196 | +8.9% | +21% |
| Wyoming | $333,554 | $369,044 | +4.7% | +14% |
The typical value comes from the Zillow Home Value Index, using the 2023 average and September 2026. FHFA change: Comparison of the FHFA all-transactions house price index from its 2023 yearly average through Q2 2026. FHFA HPI datasets
Today’s value of a home from 2023
Picture a home costing $348,160 in 2023, which was the typical US value that year. With growth in the Zillow index, that home would now be worth about $366,157. Using consumer prices alone, it would be worth $384,996. With inflation considered, today's median new house price is 17% below the 2023 figure.
| A $348,160 home from 2023 | 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 | $392,492 | Q2 2026 |
| Grown with consumer prices only (CPI-U) | $384,996 | September 2026 |
Every series is compared with its own figures for 2023 and the present:
| Series | 2023 | Now | As of | Change |
|---|---|---|---|---|
| Median new house sold, Census and HUD | $426,525 | $393,300 | Q3 2026 | −8% |
| Average new house sold, Census and HUD | $507,125 | $494,400 | Q3 2026 | −3% |
| Typical home value, Zillow ZHVI | $348,160 | $366,157 | September 2026 | +5% |
| FHFA house price index (an index, not dollars) | 638.6 | 719.9 | Q2 2026 | +13% |
| Consumer prices (CPI-U) | 304.7 | 336.9 | September 2026 | +11% |
For any city and amount paid, use the home appreciation calculator.
The year 2023 in context
For the country as a whole, the Zillow line uses a dashed marker at 2023.
For an earlier year: home prices in 2022. For a later year: home prices in 2024. All years together on one page: home prices by year. The housing market crash history covers every fall since 1975. Today's city-by-city value for a home bought in 2023: the home appreciation calculator.