The team at Mortgage Calculator offered a valuable look at the state of rising home costs by pinpointing which U.S. cities had the greatest increases between 2020 and 2024. The COVID-19 pandemic caused volatile markets across the board and around the world, but the housing market may have experienced the biggest changes. Many homeowners were reluctant to move in a turbulent economy full of job loss and rising interest rates. Still, others found themselves freed from city centers. With remote work becoming the norm, they could move to quieter, more affordable climates.
These are the ten cities that saw the biggest increases in home prices:
- Irvine, CA
- Detroit, MI
- Fayetteville, NC
- Miami, FL
- Tampa, FL
- Buffalo, NY
- Port St. Lucie, FL
- Newark, NJ
- San Bernardino, CA
- St. Petersburg, FL
infographic by: www.mortgagecalculator.org
