The cities pictured are the primary principal cities of the 50 largest US metropolitan statistical areas (MSAs). I wanted to specifically look at prices in the “urban cores” of these regions. There’s only one principal city for each metro area included. So for example, the city of Dallas was used from the Dallas-Fort Worth-Arlington MSA.
Some notable highlights:
San Jose, San Francisco, and San Diego have the highest values at $1.46 million, $1.36 million, and $1 million, respectively, with SF being the only one with YoY gains.
Detroit and Cleveland have lowest values at $75,358 and $115,537, respectively. Both declining YoY, out of step with most of their Midwest peers seeing gains.
ChrisKnight75 on
Someone needs to tell DCAD (the property appraisal agency for Dallas County). They just increased the appraised market value of my house 18% YoY. It’s capped at 10% by law, but still…
OrganizationLimp4017 on
Seems like all the popular places to move to during COVID have seen prices fall. Wonder if the migration to those areas has slowed thus weakening demand and/or those areas have been overbuilt in response to new residents thus increasing supply
Gamer_Grease on
Austin makes sense. They built a lot of housing and the tech boom has leveled off, at least in terms of high-paying employment. This is good news if you live there.
BadAdvice__Bot on
As someone that lives in Cincinnati, it is interesting that Cincinnati is up while Columbus, Cleveland, and Pittsburgh are down. I wonder what could be the difference.
6 Comments
Source: Zillow Research
Made in Google Sheets
The cities pictured are the primary principal cities of the 50 largest US metropolitan statistical areas (MSAs). I wanted to specifically look at prices in the “urban cores” of these regions. There’s only one principal city for each metro area included. So for example, the city of Dallas was used from the Dallas-Fort Worth-Arlington MSA.
Some notable highlights:
San Jose, San Francisco, and San Diego have the highest values at $1.46 million, $1.36 million, and $1 million, respectively, with SF being the only one with YoY gains.
Detroit and Cleveland have lowest values at $75,358 and $115,537, respectively. Both declining YoY, out of step with most of their Midwest peers seeing gains.
Someone needs to tell DCAD (the property appraisal agency for Dallas County). They just increased the appraised market value of my house 18% YoY. It’s capped at 10% by law, but still…
Seems like all the popular places to move to during COVID have seen prices fall. Wonder if the migration to those areas has slowed thus weakening demand and/or those areas have been overbuilt in response to new residents thus increasing supply
Austin makes sense. They built a lot of housing and the tech boom has leveled off, at least in terms of high-paying employment. This is good news if you live there.
As someone that lives in Cincinnati, it is interesting that Cincinnati is up while Columbus, Cleveland, and Pittsburgh are down. I wonder what could be the difference.
Hartford CT is #1? It’s a crazy world.