Real Estate 2024: 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.

For You: 50 Safest and Most Affordable US Cities To Live In

Trending Now: Become a Real Estate Investor for Just $1K Using This Bezos-Backed Startup

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%

Learn More: 7 Worst States To Buy Property in the Next 5 Years, According to Real Estate Agents

See Next: 10 Fastest-Cooling Housing Markets in the U.S. — 6 Are in Florida

Sponsored: Protect Your Wealth With A Gold IRA. Take advantage of the timeless appeal of gold in a Gold IRA recommended by Sean Hannity.

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%

Try This: Why Many Regret Moving to Texas Post-Pandemic

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%

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%

Read More: Cheapest Places To Buy a Home in Every State

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%

Try This: 10 Dangerous Cities You Shouldn’t Buy a Home in No Matter the Price

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%

Be Aware: 3 Florida Cities Where You Can Buy Homes For $100,000 or Less

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%

Trending Now: 10 Housing Markets That Will Plummet in Value Before the End of 2024

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%

Discover Next: Barbara Corcoran: 3 Cities To Invest In Real Estate Now Before Prices Skyrocket

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%

Find Out: I’m an Economist: Here’s My Prediction for the Housing Market If Trump Wins the Election

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%

Explore More: 8 Places Where Houses Are Suddenly Major Bargains

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%

Learn More: Why Many Regret Moving to Florida Post-Pandemic

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%

See Next: What Is the Median Household Income for the Upper Middle Class in 2024?

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%

Check Out: I’m an Economist: Here Are My Predictions for Inflation If Biden Wins Again

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%

Be Aware: Here’s the Living Wage a Single Person Needs To Live Comfortably in Arizona

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 va lue: +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%

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