15 Cities Where Home Values Have Increased the Most — 4 Are in California

A challenge that arises when determining the performance of the U.S. housing market as a whole is navigating the fact that home values rise and fall very differently from region to region. A housing slump felt in Florida may not be experienced at all in California, for example. So, when you’re assessing whether or not a home is a good investment, you need to get hyper local and look at the situation city by city.

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On April 24, 2025, SmartAsset published a ranking of 100 of the largest cities that saw the biggest one-year changes in the typical home value between 2024 and 2025. These are the 15 cities that experienced the biggest increase in value over the past year.

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15. Henderson, Nevada

• Typical home value, 2024: $472,282 

• Typical home value, 2025: $493,510

• 1-year change in typical home value: 4.49%

• 5-year change in typical home value: 44.2%   

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14. Las Vegas

• Typical home value, 2024: $412,841 

• Typical home value, 2025: $431,505

• 1-year change in typical home value: 4.52%

• 5-year change in typical home value: 48.0%

13. Fort Wayne, Indiana

• Typical home value, 2024: $224,227 

• Typical home value, 2025: $234,891

• 1-year change in typical home value: 4.76%

• 5-year change in typical home value: 58.0%  

12. Buffalo, New York

• Typical home value, 2024: $215,782 

• Typical home value, 2025: $226,329

• 1-year change in typical home value: 4.89%

• 5-year change in typical home value: 59.9%   

11. Jersey City, New Jersey

• Typical home value, 2024: $602,345 

• Typical home value, 2025: $632,704

• 1-year change in typical home value: 5.04%

• 5-year change in typical home value: 25.0%   

10. Madison, Wisconsin

• Typical home value, 2024: $387,377 

• Typical home value, 2025: $407,621

• 1-year change in typical home value: 5.23%

• 5-year change in typical home value: 44.4%   

9. Lexington, Kentucky

• Typical home value, 2024: $299,842 

• Typical home value, 2025: $315,819

• 1-year change in typical home value: 5.33%

• 5-year change in typical home value: 51.1%   

8. Louisville, Kentucky

• Typical home value, 2024: $236,376

• Typical home value, 2025: $249,200

• 1-year change in typical home value: 5.43%

• 5-year change in typical home value: 36.9%   

7. Toledo, Ohio

• Typical home value, 2024: $116,383 

• Typical home value, 2025: $123,094

• 1-year change in typical home value: 5.77%

• 5-year change in typical home value: 55.6%   

6. Anaheim, California

• Typical home value, 2024: $891,835 

• Typical home value, 2025: $945,098

• 1-year change in typical home value: 5.97%

• 5-year change in typical home value: 49.6%   

5. Cleveland

• Typical home value, 2024: $106,478 

• Typical home value, 2025: $113,400

• 1-year change in typical home value: 6.50%

• 5-year change in typical home value: 52.7%   

4. Santa Ana, California

• Typical home value, 2024: $809,867 

• Typical home value, 2025: $862,825

• 1-year change in typical home value: 6.54%

• 5-year change in typical home value: 50.3%   

3. San Jose, California

• Typical home value, 2024: $1,420,733

• Typical home value, 2025: $1,521,021

• 1-year change in typical home value: 7.06%

• 5-year change in typical home value: 46.9%   

2. Milwaukee

• Typical home value, 2024: $192,916 

• Typical home value, 2025: $208,725

• 1-year change in typical home value: 8.19%

• 5-year change in typical home value: 61.9%   

1. Irvine, California

• Typical home value, 2024: $1,421,723

• Typical home value, 2025: $1,614,607

• 1-year change in typical home value: 13.57%

• 5-year change in typical home value: 82.1%   

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Sources 

• SmartAsset, “Where Home Values Increased and Decreased Most – 2025 Study.”

This article originally appeared on GOBankingRates.com: 15 Cities Where Home Values Have Increased the Most — 4 Are in California