Home value growth has surged in 10 U.S. cities, despite challenges in the broader real estate market. Economists report that several Southern and Northeastern cities experienced the most significant increases among the top 100 metropolitan areas. Home value growth highlights areas where demand outpaces supply, creating substantial equity for homeowners.
According to the analysis, Knoxville, Tennessee, leads the list, with average home values rising nearly 86%, or about $190,000, between October 2019 and October 2025. Fayetteville, Arkansas, followed closely with homes appreciating 84.5%, adding more than $195,000 in value. Other cities showing notable increases include Charleston, South Carolina; Scranton, Pennsylvania; and Syracuse, New York.
Economists note that high sales volumes in these areas often drive price growth. Realtor.com senior economist Joel Berner explained that when demand exceeds supply, home values typically increase. The cities benefiting from this trend are experiencing population growth, particularly due to migration during and after the pandemic.
While some markets across the U.S. have seen home values decline, experts say the majority of homeowners still maintain significant equity. Zillow senior economic researcher Treh Manhertz highlighted that a home’s value between sales matters more than overall depreciation. Manhertz emphasized that current trends reflect a market normalization rather than a crash.
In addition to Knoxville and Fayetteville, other cities with strong home value growth include Portland, Maine; Rochester, New York; and Charlotte, North Carolina. Home values in these cities have risen between 72.9% and 81.3%, demonstrating widespread strength in select markets. These trends suggest regional differences in real estate performance across the country.
Experts suggest that continued migration patterns will further impact housing demand in high-growth areas. Cities attracting new residents often experience stronger price appreciation and lower inventory levels. As a result, home value growth may continue in the South and Northeast in the coming years.
Homeowners in these high-growth areas are positioned to benefit from substantial equity gains. Analysts expect cities with strong local economies, desirable amenities, and growing populations to maintain upward momentum in property values. Home value growth signals a resilient housing market segment despite broader challenges.
Overall, these 10 cities exemplify how localized factors drive real estate performance. Home value growth in these regions highlights the importance of understanding market dynamics for both homeowners and potential buyers.
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