Home Values Rise at Fastest Pace in 12 Years

Zillow Home Value
Index^vi (ZHVI)

ZHVI Year-
Over-Year
Change

Percent Fall
from Peak
Home Value Hit
During Housing
Bubble

Zillow Rent
Index^vii (ZRI)

ZRI Year-
Over-Year
Change

United States

$                215,600

8.7%

0.0%

$          1,449

2.5%

New York, NY

$                424,800

7.3%

-6.2%

$          2,401

0.8%

Los Angeles-
Long Beach-
Anaheim, CA

$                644,600

8.4%

0.0%

$          2,759

3.9%

Chicago, IL

$                218,000

5.5%

-14.2%

$          1,653

1.7%

Dallas-Fort
Worth, TX

$                225,100

11.2%

0.0%

$          1,605

1.9%

Philadelphia,
PA

$                225,300

5.8%

-5.1%

$          1,581

1.1%

Houston, TX

$                195,500

4.7%

0.0%

$          1,561

1.2%

Washington,
DC

$                398,900

4.5%

-8.4%

$          2,149

1.5%

Miami-Fort
Lauderdale, FL

$                269,100

7.5%

-13.6%

$          1,867

1.2%

Atlanta, GA

$                200,600

10.6%

0.0%

$          1,399

4.3%

Boston, MA

$                449,000

6.5%

0.0%

$          2,385

1.3%

San Francisco,
CA

$                947,500

11.4%

0.0%

$          3,425

2.1%

Detroit, MI

$                151,600

8.9%

-4.8%

$          1,209

3.4%

Riverside, CA

$                355,700

9.2%

-13.2%

$          1,894

7.0%

Phoenix, AZ

$                253,100

8.6%

-10.9%

$          1,368

4.3%

Seattle, WA

$                490,000

13.6%

0.0%

$          2,208

4.2%

Minneapolis-
St Paul, MN

$                258,700

7.8%

0.0%

$          1,644

4.1%

San Diego, CA

$                585,600

8.4%

0.0%

$          2,549

3.6%

St. Louis, MO

$                159,700

5.2%

0.0%

$          1,150

0.8%

Tampa, FL

$                202,900

12.4%

-9.2%

$          1,383

2.4%

Baltimore, MD

$                262,700

4.4%

-12.0%

$          1,748

1.8%

Denver, CO

$                399,200

8.8%

0.0%

$          2,058

3.0%

Pittsburgh, PA

$                138,400

6.5%

0.0%

$          1,083

1.8%

Portland, OR

$                389,100

6.2%

0.0%

$          1,856

2.4%

Charlotte, NC

$                192,900

11.0%

0.0%

$          1,301

3.7%

Sacramento,
CA

$                398,300

7.8%

-5.9%

$          1,853

7.0%

San Antonio,
TX

$                182,800

5.7%

0.0%

$          1,344

1.3%

Orlando, FL

$                223,700

10.1%

-15.6%

$          1,448

3.5%

Cincinnati, OH

$                157,200

5.1%

0.0%

$          1,282

2.2%

Cleveland, OH

$                138,700

6.5%

-3.5%

$          1,150

0.3%

Kansas City,
MO

$                177,800

8.5%

0.0%

$          1,278

1.4%

Las Vegas, NV

$                260,800

16.5%

-17.7%

$          1,305

4.5%

Columbus, OH

$                180,000

9.2%

0.0%

$          1,332

2.6%

Indianapolis,
IN

$                149,200

6.6%

0.0%

$          1,204

1.3%

San Jose, CA

$             1,263,900

26.2%

0.0%

$          3,529

2.0%

Austin, TX

$                293,100

5.3%

0.0%

$          1,687

-0.2%

ⁱ The Zillow Real Estate Market Reports are a monthly overview of the national and local real estate markets. The reports are compiled by Zillow Real Estate Research. For more information, visit www.zillow.com/research/. The data in Zillow's Real Estate Market Reports are aggregated from public sources by a number of data providers for 928 metropolitan and micropolitan areas dating back to 1996. Mortgage and home loan data are typically recorded in each county and publicly available through a county recorder's office. All current monthly data at the national, state, metro, city, ZIP code and neighborhood level can be accessed at www.zillow.com/local-info/ and www.zillow.com/research/data.

ⁱⁱ Mortgage rates for a 30-year fixed mortgage.

ⁱⁱⁱ Month high hit on April 25^th.

^iv January 5, 2013

^v Month low was hit on April 4^th, 6^th, and 11^th.

^vi The Zillow Home Value Index (ZHVI) is the median estimated home value for a given geographic area on a given day and includes the value of all single-family residences, condominiums and cooperatives, regardless of whether they sold within a given period. It is expressed in dollars, and seasonally adjusted.

^vii The Zillow Rent Index (ZRI) is the median Rent Zestimate® (estimated monthly rental price) for a given geographic area on a given day, and includes the value of all single-family residences, condominiums, cooperatives and apartments in Zillow's database, regardless of whether they are currently listed for rent. It is expressed in dollars.