See How Home Values Are Changing in 50 of America’s Wealthiest Cities

Soared. Surged. Ballooned. Spiked.

They’re all words that describe home values over the last five years in 50 of the richest cities in the United States. According to the latest data from Zillow, compiled and broken down for comparison by GOBankingRates.

Of the 50 richest cities for which Zillow data was available, average home values have seen double-digit increases in all but one — Bronxville, New York fell just short of 10%. The numbers cover the period from April 2019 to April 2024.

Half of the cities on the list have seen home values increase by 40% or more during that time period. Two cities saw spikes of more than 100%.

In other words, a lot of million-dollar homes have turned into two-million dollar homes, two-million dollar homes have turned into three-million dollar homes, etc.

For perspective, take a look at Hidden Hills, California, a gated community located in the mountains outside of Los Angeles with an average annual household income of $423,000. The average home value in Hidden Hills was $5.3 million this past April. That’s an increase of about $1.9 million since five years ago.

Year-over-year numbers (April 2024 compared to April 2023) show value increases for 40 of the 50 cities, with boosts ranging from a half-percent to nearly 15 percent. The trend appears to be continuing so far this year, with values since January in 40 of 50 cities up (ranging from slight increases to 4%).

Here’s our full list with key figures for each city. The list includes 16 cities from California, far more than any other state.

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50. Southlake, Texas

• Average household income: $360,078

• April 2019 home value: $733,224

• April 2023 home value: $1,170,121

• January 2024 home value: $1,222,246

• April 2024 home value: $1,259,835

• 5-year change in home value: +71.82%

• 1-year-change in home value: + 7.67%

• Year-to-date change in home value: + 3.08%

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49. Moreland Hills, Ohio

• Average household income: $361,478

• April 2019 home value: $475,716

• April 2023 home value: $630,894

• January 2024 home value: $663,751

• April 2024 home value: $677,352

• 5-year change in home value: + 35.44%

• 1-year-change in home value: + 7.70%

• Year-to-date change in home value: + 2.05%

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48. McLean, Virginia

• Average household income: $364,093

• April 2019 home value: $1,152,725

• April 2023 home value: $1,449,724

• January 2024 home value: $1,527,041

• April 2024 home value: $1,561,295

• 5-year change in home value: +35.44%

• 1-year-change in home value: + 7.70%

• Year-to-date change in home value: + 2.24%

Story continues

47. Palm Beach, Florida

• Average household income: $365,991

• April 2019 home value: $4,864,202

• April 2023 home value: $12,273,151

• January 2024 home value: $11,477,902

• April 2024 home value: $11,692,536

• 5-year change in home value: + 140.38%

• 1-year-change in home value: -4.73%

• Year-to-date change in home value: 1.87%

46. Wellesley, Massachusetts

• Average household income: $367,801

• April 2019 home value: $1,370,848

• April 2023 home value: $1,829,714

• January 2024 home value: $1,955,570

• April 2024 home value: $2,013,582

• 5-year change in home value: +46.89%

• 1-year-change in home value: +10.05%

• Year-to-date change in home value: +2.97%

45. Orinda, California

• Average household income: $370,203

• April 2019 home value: $1,584,964

• April 2023 home value: $2,067,045

• January 2024 home value: $2,138,511

• April 2024 home value: $2,138,640

• 5-year change in home value: + 34.93%

• 1-year-change in home value: + 3.46%

• Year-to-date change in home value: + 0.01%

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44. Kiawah Island, South Carolina

• Average household income: $371,032

• April 2019 home value: $1,190,404

• April 2023 home value: $2,265,940

• January 2024 home value: $2,393,393

• April 2024 home value: $2,455,271

• 5-year change in home value: +106.26%

• 1-year-change in home value: + 8.36%

• Year-to-date change in home value: + 2.59%

43. Lloyd Harbor, New York

• Average household income: $372,238

• April 2019 home value: $1,620,142

• April 2023 home value: $2,047,079

• January 2024 home value: $1,965,206

• April 2024 home value: $1,966,168

• 5-year change in home value: + 21.36%

• 1-year-change in home value: -3.95%

• Year-to-date change in home value: + 0.05%

42. Great Falls, Virginia

• Average household income: $373,735

• April 2019 home value: $1,112,139

• April 2023 home value: $1,490,938

• January 2024 home value: $1,556,071

• April 2024 home value: $1,587,229

• 5-year change in home value: +42.72%

• 1-year-change in home value: + 6.46%

• Year-to-date change in home value: +2.00%

41. Columbine Valley, Colorado

• Average household income: $379,990

• April 2019 home value: $1,047,975

• April 2023 home value: $1,621,707

• January 2024 home value: $1,682,902

• April 2024 home value: $1,698,760

• 5-year change in home value: + 62.10%

• 1-year-change in home value: + 4.75%

• Year-to-date change in home value: + 0.94%

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40. Hinsdale, Illinois

• Average household income: $380,479

• April 2019 home value: $922,502

• April 2023 home value: $1,027,513

• January 2024 home value: $1,077,327

• April 2024 home value: $1,100,625

• 5-year change in home value: + 19.31%

• 1-year-change in home value: +7.12%

• Year-to-date change in home value: +2.16%

39. University Park, Texas

• Average household income: $381,235

• April 2019 home value: $1,387,892

• April 2023 home value: $2,131,936

• January 2024 home value: $2,292,164

• April 2024 home value: $2,360,468

• 5-year change in home value: +70.08%

• 1-year-change in home value: +10.72%

• Year-to-date change in home value: +2.98%

38. Glencoe, Illinois

• Average household income: $383,105

• April 2019 home value: $944,532

• April 2023 home value: $1,243,304

• January 2024 home value: $1,306,462

• April 2024 home value: $1,343,141

• 5-year change in home value: +42.20%

• 1-year-change in home value: +8.03%

• Year-to-date change in home value: +2.81%

37. Frontenac, Missouri

• Average household income: $384,521

• April 2019 home value: $789,307

• April 2023 home value: $1,053,320

• January 2024 home value: $1,098,438

• April 2024 home value: $1,129,457

• 5-year change in home value: +43.09%

• 1-year-change in home value: +7.23%

• Year-to-date change in home value: +2.82%

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36. Paradise Valley, Arizona

• Average household income: $385,643

• April 2019 home value: $1,914,502

• April 2023 home value: $3,185,178

• January 2024 home value: $3,423,573

• April 2024 home value: $3,498,257

• 5-year change in home value: +82.72%

• 1-year-change in home value: +9.83%

• Year-to-date change in home value: +2.18%

35. Alamo, California

• Average household income: $385,967

• April 2019 home value: $1,787,794

• April 2023 home value: $2,460,824

• January 2024 home value: $2,601,596

• April 2024 home value: $2,607,126

• 5-year change in home value: +45.83%

• 1-year-change in home value: +5.95%

• Year-to-date change in home value: +0.21%

34. Glen Ellen, California

• Average household income: $390,283

• April 2019 home value: $1,090,917

• April 2023 home value: $1,313,484

• January 2024 home value: $1,302,974

• April 2024 home value: $1,309,668

• 5-year change in home value: +20.05%

• 1-year-change in home value: -0.29%

• Year-to-date change in home value: +0.51%

33. East Hills, New York

• Average household income: $391,360

• April 2019 home value: $1,184,797

• April 2023 home value: $1,436,082

• January 2024 home value: $1,555,925

• April 2024 home value: $1,610,299

• 5-year change in home value: +35.91%

• 1-year-change in home value: +12.13%

• Year-to-date change in home value: +3.49%

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32. The Village of Indian Hill, Ohio

• Average household income: $399,251

• April 2019 home value: $1,035,222

• April 2023 home value: $1,403,644

• January 2024 home value: $1,472,019

• April 2024 home value: $1,513,423

• 5-year change in home value: +46.19%

• 1-year-change in home value: +7.82%

• Year-to-date change in home value: +2.81%

31. Los Altos, California

• Average household income: $400,817

• April 2019 home value: $3,485,025

• April 2023 home value: $4,239,076

• January 2024 home value: $4,598,265

• April 2024 home value: $4,554,568

• 5-year change in home value: +30.69%

• 1-year-change in home value: +7.44%

• Year-to-date change in home value: -0.95%

30. Piedmont, California

• Average household income: $404,409

• April 2019 home value: $2,218,935

• April 2023 home value: $2,697,962

• January 2024 home value: $2,693,989

• April 2024 home value: $2,672,050

• 5-year change in home value: +20.42%

• 1-year-change in home value: -0.96%

• Year-to-date change in home value: -0.81%

29. Ladue, Missouri

• Average household income: $405,058

• April 2019 home value: $858,437

• April 2023 home value: $1,105,365

• January 2024 home value: $1,168,842

• April 2024 home value: $1,184,236

• 5-year change in home value: +37.95%

• 1-year-change in home value: +7.14%

• Year-to-date change in home value: +1.32%

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28. Huntington Bay, New York

• Average household income: $414,276

• April 2019 home value: $1,158,568

• April 2023 home value: $1,482,925

• January 2024 home value: $1,455,033

• April 2024 home value: $1,489,709

• 5-year change in home value: +28.58%

• 1-year-change in home value: +0.46%

• Year-to-date change in home value: +2.38%

27. Bronxville, New York

• Average household income: $416,514

• April 2019 home value: $1,419,097

• April 2023 home value: $1,699,417

• January 2024 home value: $1,536,610

• April 2024 home value: $1,541,352

• 5-year change in home value: +8.62%

• 1-year-change in home value: -9.30%

• Year-to-date change in home value: +0.31%

26. Monte Sereno, California

• Average household income: $422,996

• April 2019 home value: $3,119,627

• April 2023 home value: $4,091,558

• January 2024 home value: $4,409,665

• April 2024 home value: $4,377,562

• 5-year change in home value: +40.32%

• 1-year-change in home value: +6.99%

• Year-to-date change in home value: -0.73%

25. Hidden Hills, California

• Average household income: $423,224

• April 2019 home value: $3,431,904

• April 2023 home value: $4,971,980

• January 2024 home value: $5,376,543

• April 2024 home value: $5,341,436

• 5-year change in home value: +55.64%

• 1-year-change in home value: +7.43%

• Year-to-date change in home value: -0.65%

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24. Rumson, New Jersey

• Average household income: $424,834

• April 2019 home value: $1,241,227

• April 2023 home value: $1,803,835

• January 2024 home value: $1,953,624

• April 2024 home value: $2,004,156

• 5-year change in home value: +61.47%

• 1-year-change in home value: +11.11%

• Year-to-date change in home value: +2.59%

23. Ross, California

• Average household income: $430,034

• April 2019 home value: $3,020,315

• April 2023 home value: $3,849,705

• January 2024 home value: $3,928,761

• April 2024 home value: $3,902,901

• 5-year change in home value: +29.22%

• 1-year-change in home value: +1.38%

• Year-to-date change in home value: -0.66%

22. Emerald Lake Hills, California

• Average household income: $434,552

• April 2019 home value: $2,283,976

• April 2023 home value: $2,711,261

• January 2024 home value: $2,669,967

• April 2024 home value: $2,698,310

• 5-year change in home value: +18.14%

• 1-year-change in home value: -0.48%

• Year-to-date change in home value: +1.06%

21. Oyster Bay Cove, New York

• Average household income: $436,764

• April 2019 home value: $1,480,140

• April 2023 home value: $1,864,908

• January 2024 home value: $1,972,461

• April 2024 home value: $2,030,714

• 5-year change in home value: +37.20%

• 1-year-change in home value: +8.89%

• Year-to-date change in home value: +2.95%

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20. Belvedere, California

• Average household income: $437,620

• April 2019 home value: $3,717,796

• April 2023 home value: $4,527,973

• January 2024 home value: $4,562,127

• April 2024 home value: $4,523,443

• 5-year change in home value: +21.67%

• 1-year-change in home value: -0.10%

• Year-to-date change in home value: -0.85%

19. Kenilworth, Illinois

• Average household income: $437,822

• April 2019 home value: $1,178,252

• April 2023 home value: $1,636,722

• January 2024 home value: $1,649,533

• April 2024 home value: $1,694,658

• 5-year change in home value: +43.83%

• 1-year-change in home value: +3.54%

• Year-to-date change in home value: +2.74%

18. Medina, Washington

• Average household income: $439,677

• April 2019 home value: $3,097,188

• April 2023 home value: $4,332,595

• January 2024 home value: $4,426,397

• April 2024 home value: $4,525,767

• 5-year change in home value: +46.13%

• 1-year-change in home value: +4.46%

• Year-to-date change in home value: +2.24%

17. Woodside, California

• Average household income: $445,543

• April 2019 home value: $3,084,699

• April 2023 home value: $3,805,075

• January 2024 home value: $3,765,654

• April 2024 home value: $3,781,023

• 5-year change in home value: +22.57%

• 1-year-change in home value: -0.63%

• Year-to-date change in home value: +0.41%

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16. Old Westbury, New York

• Average household income: $456,581

• April 2019 home value: $1,917,496

• April 2023 home value: $2,289,355

• January 2024 home value: $2,510,074

• April 2024 home value: $2,581,665

• 5-year change in home value: +34.64%

• 1-year-change in home value: +12.77%

• Year-to-date change in home value: +2.85%

15. Winnetka, Illinois

• Average household income: $458,988

• April 2019 home value: $1,122,347

• April 2023 home value: $1,499,856

• January 2024 home value: $1,535,093

• April 2024 home value: $1,578,589

• 5-year change in home value: +40.65%

• 1-year-change in home value: +5.25%

• Year-to-date change in home value: +2.83%

14. Los Altos Hills, California

• Average household income: $460,098

• April 2019 home value: $4,644,809

• April 2023 home value: $5,672,657

• January 2024 home value: $6,018,517

• April 2024 home value: $5,941,024

• 5-year change in home value: +27.91%

• 1-year-change in home value: +4.73%

• Year-to-date change in home value: -1.29%

13. Portola Valley, California

• Average household income: $462,935

• April 2019 home value: $3,432,518

• April 2023 home value: $3,968,468

• January 2024 home value: $4,032,159

• April 2024 home value: $4,072,735

• 5-year change in home value: +18.65%

• 1-year-change in home value: +2.63%

• Year-to-date change in home value: +1.01%

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12. Highland Park, Texas

• Average household income: $469,267

• April 2019 home value: $1,636,495

• April 2023 home value: $2,603,006

• January 2024 home value: $2,920,718

• April 2024 home value: $2,986,399

• 5-year change in home value: +82.49%

• 1-year-change in home value: +14.73%

• Year-to-date change in home value: +2.25%

11. Chevy Chase, Maryland

• Average household income: $474,539

• April 2019 home value: $1,235,457

• April 2023 home value: $1,575,346

• January 2024 home value: $1,554,500

• April 2024 home value: $1,588,269

• 5-year change in home value: +28.56%

• 1-year-change in home value: +0.82%

• Year-to-date change in home value: +2.17%

10. Rolling Hills, California

• Average household income: $481,340

• April 2019 home value: $2,505,577

• April 2023 home value: $3,315,879

• January 2024 home value: $3,519,261

• April 2024 home value: $3,446,367

• 5-year change in home value: +37.55%

• 1-year-change in home value: +3.94%

• Year-to-date change in home value: -2.07%

9. Short Hills, New Jersey

• Average household income: $481,717

• April 2019 home value: $1,492,269

• April 2023 home value: $1,900,850

• January 2024 home value: $2,035,180

• April 2024 home value: $2,117,872

• 5-year change in home value: +41.92%

• 1-year-change in home value: +11.42%

• Year-to-date change in home value: +4.06%

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8. Sands Point, New York

• Average household income: $481,979

• April 2019 home value: $2,384,613

• April 2023 home value: $2,825,956

• January 2024 home value: $2,917,801

• April 2024 home value: $2,970,468

• 5-year change in home value: +24.57%

• 1-year-change in home value: +5.11%

• Year-to-date change in home value: +1.81%

7. Clyde Hill, Washington

• Average household income: $483,738

• April 2019 home value: $2,838,391

• April 2023 home value: $4,018,991

• January 2024 home value: $4,007,389

• April 2024 home value: $4,068,387

• 5-year change in home value: +43.33%

• 1-year-change in home value: +1.23%

• Year-to-date change in home value: +1.52%

6. Mission Hills, Kansas

• Average household income: $483,849

• April 2019 home value: $989,948

• April 2023 home value: $1,318,321

• January 2024 home value: $1,387,788

• April 2024 home value: $1,390,282

• 5-year change in home value: +40.44%

• 1-year-change in home value: +5.46%

• Year-to-date change in home value: +0.18%

5. Dover, Massachusetts

• Average household income: $484,787

• April 2019 home value: $1,193,149

• April 2023 home value: $1,609,680

• January 2024 home value: $1,667,233

• April 2024 home value: $1,704,639

• 5-year change in home value: +42.87%

• 1-year-change in home value: +5.90%

• Year-to-date change in home value: +2.24%

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4. Cherry Hills Village, Colorado

• Average household income: $486,405

• April 2019 home value: $1,877,933

• April 2023 home value: $2,915,706

• January 2024 home value: $3,104,436

• April 2024 home value: $3,132,653

• 5-year change in home value: +66.81%

• 1-year-change in home value: +7.44%

• Year-to-date change in home value: +0.91%

3. Laurel Hollow, New York

• Average household income: $493,460

• April 2019 home value: $1,538,861

• April 2023 home value: $1,875,166

• January 2024 home value: $1,960,451

• April 2024 home value: $2,021,292

• 5-year change in home value: +31.35%

• 1-year-change in home value: +7.79%

• Year-to-date change in home value: +3.10%

2. Hillsborough, California

• Average household income: $539,950

• April 2019 home value: $4,422,425

• April 2023 home value: $5,420,910

• January 2024 home value: $5,377,801

• April 2024 home value: $5,308,908

• 5-year change in home value: +20.05%

• 1-year-change in home value: -2.07%

• Year-to-date change in home value: -1.28%

1. Atherton, California

• Average household income: $594,651

• April 2019 home value: $6,217,191

• April 2023 home value: $7,804,883

• January 2024 home value: $7,704,956

• April 2024 home value: $7,693,373

• 5-year change in home value: +23.74%

• 1-year-change in home value: -1.43%

• Year-to-date change in home value: -0.15%

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This article originally appeared on GOBankingRates.com: Real Estate 2024: See How Home Values Are Changing in 50 of America’s Wealthiest Cities