10 Cities With the Highest and Lowest Home Price Inflation Since 2000
All across the U.S., the rise in home prices is far outpacing inflation. Home prices have increased by 1,608% since 1970, while inflation has increased by 644%, according to the online real estate calculator resource, Anytime Estimate. If home prices grew at the same rate as inflation since 1970, the median home price today would be just $177,788 -- in actuality, it's $408,100.
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But home prices are not rising at the same rate everywhere, and some cities are seeing the effects of home price inflation more than others. Here's a look at the cities with the highest and lowest home price inflation since 2000, as identified by Anytime Estimate.
Cities With the Lowest Home Price Inflation Since 2000
Anytime Estimate tracked the changes in home values for the 50 biggest metros in the U.S. from 2000 to 2022, and these 10 cities had the lowest home price inflation. Only eight cities have seen home prices increase less than 100% over the last 22 years.
10. Milwaukee
Typical home value in 2000: $124,638
Typical home value in 2022: $252,346
Percent increase: 103%
9. Louisville, Kentucky
Typical home value in 2000: $112,765
Typical home value in 2022: $227,188
Percent increase: 102%
8. St. Louis
7. Birmingham, Alabama
Typical home value in 2000: $117,596
Typical home value in 2022: $222,928
Percent increase: 90%
6. Cincinnati
Typical home value in 2000: $129,180
Typical home value in 2022: $242,958
Percent increase: 88%
5. Hartford, Connecticut
Typical home value in 2000: $159,704
Typical home value in 2022: $299,964
Percent increase: 87%
4. Chicago
Typical home value in 2000: $169,006
Typical home value in 2022: $292,436
Percent increase: 73%
3. Memphis, Tennessee
Typical home value in 2000: $123,168
Typical home value in 2022: $212,725
Percent increase: 72%
2. Detroit
Typical home value in 2000: $141,259
Typical home value in 2022: $229,141
Percent increase: 62%
1. Cleveland
Typical home value in 2000: $123,168
Typical home value in 2022: $202,044
Percent increase: 60%
Cities With the Highest Home Price Inflation Since 2000
10. Austin, Texas
Typical home value in 2000: $181,095
Typical home value in 2022: $558,699
Percent increase: 209%
9. Miami
Typical home value in 2000: $126,285
Typical home value in 2022: $404,601
Percent increase: 220%
8. Tampa, Florida
Typical home value in 2000: $103,604
Typical home value in 2022: $334,537
Percent increase: 223%
7. Seattle
Typical home value in 2000: $218,843
Typical home value in 2022: $733,604
Percent increase: 236%
6. Sacramento, California
Typical home value in 2000: $173,259
Typical home value in 2022: $583,329
Percent increase: 237%
5. San Jose, California
Typical home value in 2000: $437,148
Typical home value in 2022: $1,578,375
Percent increase: 261%
4. San Diego
Typical home value in 2000: $228,853
Typical home value in 2022: $857,991
Percent increase: 275%
3. Riverside, California
Typical home value in 2000: $143,956
Typical home value in 2022: $544,220
Percent increase: 278%
2. Los Angeles
Typical home value in 2000: $231,141
Typical home value in 2022: $878,396
Percent increase: 280%
1. San Francisco
Typical home value in 2000: $356,800
Typical home value in 2022: $1,391,474
Percent increase: 290%
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This article originally appeared on GOBankingRates.com: 10 Cities With the Highest and Lowest Home Price Inflation Since 2000