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Although the US real estate market has experienced major challenges for potential buyers, there are some parts of the country where home prices have increased.
Notably, 10 cities in the South and Northeast have seen the most important home value increase across the 100 United States since the Covil-19 pandemic, according to an analysis by Realtor.com.
Realtor.com Joel Berner said that when there is a high volume of sales, the expectation is that the price will rise, especially in areas where the supply does not match the current demand.
More than half of American homes lost value last year
The cities in that report are evenly split between the south and northeast and include places like Knoxville and Chattanooga, Tennessee, Syracuse and Rochester, New York.
Downtown Rochester Skyline with the bridge, and the Genes River in the foreground.
This report comes shortly after an analysis from Zillow revealed that more than half of US homes lost value Last year, marking the highest share of buildings to reduce in more than ten years.
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However, while there are some used homes popping up, only “a few” are selling at a loss, according to Zillow economist Seniemer TreerTZ. Home value is among the most important selling factors rather than losing overall value, according to Zillow.
A separate Zillow report revealed that more than half of US homes were lost last year. (Eric Thayer/Bloomberg/Getty Images)
“Home values have moved up over the past six years, and most homeowners still have a lot of equity. What we’re seeing now is normalization,” Manertz said.
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However, some metros benefited from the migration of new residents during and after the pandemic.
For example, Knoxville has seen a significant increase in home prices, with the average home in the city seeing its value increase by nearly 86%, or by October 2025, according to the analysis of October 2019 and October. Meanwhile, Fayetteville, Arkansas, followed closely behind with homes that appreciated 84.5% over the past six years, with their value rising above $195,000.
Skyline of Knoxville, Tennessee, with the Sunnsphere on the left. (Stock)
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The top 10 cities and how much their home values have increased since 2019:
- Knoxville, Tennessee – +86%
- Fayetteville, Arkansas – +84.5%
- Charleston, South Carolina – +81.3%
- Scranton, Pennsylvania – +78.4%
- Syracuse, New York – + 77.6%
- Portland, Maine – +75.7%
- Rochester, New York – +75.2%
- New Haven, Connecticut – +73.8%
- Charlotte, North Carolina – +73.1%
- Chattanooga, Tennessee – +72.9%
