Home prices in 2025: US median, top cities and today's value
The typical US home averaged $362,959 across the twelve months of 2025, according to the Zillow Home Value Index. The index was $366,157 in September 2026, with the typical home 1% higher than in 2025.
- 2025 typical home value
- $362,959Year average, Zillow ZHVI.
- Median price of a new house sold in 2025
- $415,400Figures from Census and HUD.
- Amount of change since 2025
- to September 2026, Zillow ZHVI. The change was +0.9%.
House prices in 2025: median and average
Zillow's typical value includes homes of every age, while the Census and HUD figures cover new houses only. During 2025, new-house prices averaged $519,700, while the median was $415,400. The 25% gap reflects how a few costly houses raise the average. The year 2025 was steady on the FHFA index, which recorded +3.8% over that year.
| Year | Typical home (Zillow) | Median new house | Average new house | FHFA index, change on the year |
|---|---|---|---|---|
| 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 averages its monthly values for the year. New houses sold each year, from U.S. Census Bureau and HUD: FRED MSPUS, ASPUS. The FHFA all-transactions index uses a yearly average. Learn more about both measures: median home price and average price in America.
2025 by month
The typical US home recorded a 0.0% change between January 2025 and December 2025. Its high was $364,384 in February 2025, and its low was $361,617 in August 2025.
| Month | Typical US home value | Change on the month |
|---|---|---|
| January 2025 | $363,923 | +0.17% |
| February 2025 | $364,384 | +0.13% |
| March 2025 | $364,108 | −0.08% |
| April 2025 | $363,579 | −0.15% |
| May 2025 | $362,891 | −0.19% |
| June 2025 | $362,273 | −0.17% |
| July 2025 | $361,845 | −0.12% |
| August 2025 | $361,617 | −0.06% |
| September 2025 | $361,859 | +0.07% |
| October 2025 | $362,294 | +0.12% |
| November 2025 | $362,972 | +0.19% |
| December 2025 | $363,764 | +0.22% |
Zillow Home Value Index for the United States, seasonally adjusted and smoothed. Zillow Research data
Home prices in 2025 by city
Among the 292 cities with a page and a 2025 value here, 133 remain worth less now than they were in 2025. Since 2025, San Francisco has posted the largest increase at +15%, while Fort Myers has posted the smallest at −8%. The forty cities people searched for most often:
| City | Typical value, 2025 | Typical value, September 2026 | Amount of change since 2025 |
|---|---|---|---|
| Austin | $517,522 | $491,960 | −5% |
| Seattle | $850,563 | $822,572 | −3% |
| San Francisco | $1,258,399 | $1,441,021 | +15% |
| Denver | $539,573 | $520,947 | −3% |
| Los Angeles | $942,920 | $927,891 | −2% |
| Dallas | $312,568 | $303,442 | −3% |
| Houston | $267,536 | $259,465 | −3% |
| San Diego | $995,866 | $980,490 | −2% |
| Phoenix | $414,541 | $404,067 | −3% |
| Chicago | $315,886 | $334,108 | +6% |
| Las Vegas | $433,344 | $417,475 | −4% |
| Portland, Oregon | $526,448 | $524,318 | 0% |
| Nashville | $439,944 | $425,889 | −3% |
| Atlanta | $392,605 | $380,331 | −3% |
| Boise | $491,344 | $500,215 | +2% |
| San Jose | $1,389,157 | $1,353,869 | −3% |
| Miami | $582,705 | $583,705 | 0% |
| San Antonio | $252,148 | $244,623 | −3% |
| Sacramento | $479,462 | $470,552 | −2% |
| Washington, DC | $579,152 | $566,961 | −2% |
| Boston | $778,317 | $761,236 | −2% |
| Tucson | $327,692 | $318,760 | −3% |
| Orlando | $382,592 | $372,775 | −3% |
| Colorado Springs | $449,983 | $439,542 | −2% |
| Charlotte | $396,809 | $389,648 | −2% |
| Philadelphia | $230,221 | $231,584 | +1% |
| New York City | $788,662 | $825,854 | +5% |
| Reno | $563,303 | $571,562 | +1% |
| Charleston, SC | $581,287 | $587,511 | +1% |
| Tampa | $381,212 | $375,619 | −1% |
| Pittsburgh | $236,482 | $234,620 | −1% |
| Cape Coral | $355,615 | $334,660 | −6% |
| Salt Lake City | $557,231 | $568,970 | +2% |
| Bend | $735,285 | $721,430 | −2% |
| Raleigh | $435,897 | $424,663 | −3% |
| Naples | $566,942 | $545,587 | −4% |
| Jacksonville | $290,008 | $284,832 | −2% |
| Detroit | $78,641 | $74,742 | −5% |
| Columbus, Ohio | $246,170 | $243,122 | −1% |
| Indianapolis | $229,570 | $227,445 | −1% |
Zillow Home Value Index, with 2025 yearly averages and September 2026 values. Home prices for every city today: city price data.
Home prices in 2025 by state
Zillow's typical value shows New York with the largest rise since 2025 at +6%, and Florida with the smallest at −3%. Every state's FHFA index held steady or rose during 2025.
| State | Typical value, 2025 | Typical value, September 2026 | FHFA change in 2025 | FHFA change since 2025 |
|---|---|---|---|---|
| Alabama | $234,890 | $238,614 | +3.8% | +4% |
| Alaska | $375,769 | $397,932 | +4.6% | +4% |
| Arizona | $425,130 | $416,733 | +1.9% | +1% |
| Arkansas | $217,120 | $224,158 | +4.2% | +3% |
| California | $764,532 | $761,538 | +1.9% | +1% |
| Colorado | $541,162 | $529,013 | +1.3% | 0% |
| Connecticut | $422,117 | $447,319 | +7.2% | +6% |
| Delaware | $398,272 | $405,061 | +4.7% | +3% |
| District of Columbia | $579,443 | $567,271 | +1.4% | −2% |
| Florida | $385,222 | $375,361 | +0.7% | +1% |
| Georgia | $332,984 | $329,115 | +3.3% | +2% |
| Hawaii | $830,110 | $832,932 | +2.1% | +6% |
| Idaho | $467,890 | $476,754 | +3.1% | +3% |
| Illinois | $279,372 | $295,943 | +6.6% | +6% |
| Indiana | $248,898 | $257,165 | +5.2% | +4% |
| Iowa | $227,827 | $236,623 | +4.0% | +3% |
| Kansas | $236,933 | $246,055 | +4.9% | +4% |
| Kentucky | $231,260 | $230,909 | +4.9% | +4% |
| Louisiana | $210,847 | $213,867 | +3.0% | +3% |
| Maine | $407,608 | $412,002 | +5.8% | +3% |
| Maryland | $425,317 | $424,890 | +3.7% | +2% |
| Massachusetts | $641,689 | $655,219 | +4.8% | +3% |
| Michigan | $253,129 | $263,760 | +5.7% | +4% |
| Minnesota | $340,077 | $348,778 | +3.6% | +3% |
| Mississippi | $191,699 | $194,531 | +4.4% | +3% |
| Missouri | $256,169 | $265,387 | +4.7% | +4% |
| Montana | $459,529 | $467,275 | +4.0% | +2% |
| Nebraska | $269,089 | $278,299 | +3.9% | +3% |
| Nevada | $451,328 | $440,739 | +2.7% | +3% |
| New Hampshire | $495,039 | $510,937 | +5.7% | +4% |
| New Jersey | $551,344 | $575,123 | +6.9% | +5% |
| New Mexico | $311,236 | $315,812 | +4.0% | +3% |
| New York | $493,489 | $524,942 | +7.0% | +5% |
| North Carolina | $334,233 | $332,159 | +3.6% | +2% |
| North Dakota | $275,486 | $290,657 | +5.4% | +5% |
| Ohio | $236,967 | $245,982 | +5.8% | +4% |
| Oklahoma | $215,358 | $220,801 | +3.6% | +3% |
| Oregon | $495,544 | $492,753 | +2.1% | +2% |
| Pennsylvania | $279,194 | $287,078 | +5.8% | +5% |
| Rhode Island | $489,228 | $508,507 | +6.3% | +5% |
| South Carolina | $303,224 | $304,319 | +4.9% | +3% |
| South Dakota | $310,500 | $317,874 | +3.7% | +2% |
| Tennessee | $330,129 | $330,844 | +3.6% | +2% |
| Texas | $303,343 | $296,424 | +1.8% | +1% |
| Utah | $526,598 | $532,920 | +3.2% | +3% |
| Vermont | $389,934 | $391,900 | +4.5% | +4% |
| Virginia | $403,398 | $412,252 | +4.7% | +4% |
| Washington | $594,405 | $587,533 | +3.0% | +1% |
| West Virginia | $172,078 | $176,576 | +5.5% | +6% |
| Wisconsin | $319,608 | $337,196 | +6.2% | +6% |
| Wyoming | $361,133 | $369,044 | +5.0% | +4% |
Typical values come from the Zillow Home Value Index, using 2025 averages and September 2026 figures. FHFA changes use the all-transactions house price index, from the 2025 yearly average through Q2 2026. FHFA HPI datasets
Current value of a 2025 home
A home costing $362,959 during 2025 matched the typical US value for that year. Using the Zillow index, that home would now be worth about $366,157. Using consumer prices alone, it would be worth $379,867. After adjusting for inflation, today's median new house price is 10% below its 2025 level.
| A $362,959 home from 2025 | Worth now | As of |
|---|---|---|
| Grown with the Zillow index for the US | $366,157 | September 2026 |
| Grown with the US FHFA house price index | $373,614 | Q2 2026 |
| Grown with consumer prices only (CPI-U) | $379,867 | September 2026 |
Comparing every series with itself, from 2025 to now:
| Series | 2025 | Now | As of | Change |
|---|---|---|---|---|
| Median new house sold, Census and HUD | $415,400 | $393,300 | Q3 2026 | −5% |
| Average new house sold, Census and HUD | $519,700 | $494,400 | Q3 2026 | −5% |
| Typical home value, Zillow ZHVI | $362,959 | $366,157 | September 2026 | +1% |
| FHFA house price index (an index, not dollars) | 699.3 | 719.9 | Q2 2026 | +3% |
| Consumer prices (CPI-U) | 321.9 | 336.9 | September 2026 | +5% |
The home appreciation calculator works from a given city and price paid.
Context for 2025
For the whole country, a dashed line on the Zillow series identifies 2025.
Before that year: home prices in 2024. All years on one page: yearly home prices. The housing market crash history covers every fall since 1975. Current city-by-city values for homes bought in 2025: the home appreciation calculator.