Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > World News > The cost of a home soared in nearly 90 percent of US cities, study shows
World News

The cost of a home soared in nearly 90 percent of US cities, study shows

Last updated: February 8, 2025 12:54 pm
Share
The cost of a home soared in nearly 90 percent of US cities, study shows
SHARE

Homeownership Costs on the Rise Across the United States

A recent study has shown that the cost of owning a home is increasing in almost 90% of cities in the United States. According to a report by the National Association of Realtors, homeownership costs have risen in 201 out of 226 metro markets in the fourth quarter of 2024 compared to the same period the previous year.

With 14% of metro areas experiencing double-digit price gains, the housing market is seeing a significant uptick. This increase in costs can be attributed to 30-year fixed mortgage rates ranging from 6.12% to 6.85%.

NAR Chief Economist Lawrence Yun noted that while record-high home prices and housing wealth gains are positive for property owners, renters looking to transition into homeownership are facing significant challenges.

The Midwest region is home to six of the top 10 metro markets with the largest median price increases. Jackson, Mississippi, saw the highest surge at 28.7%, followed by upstate Elmira, New York, with a 17.6% price hike.


The cost to own a home is up in nearly 90% of metro markets across the United States, according to the National Association of Realtors.

Other metro areas experiencing notable price increases include Peoria, Illinois (19.6%); Chattanooga, Tennessee-Georgia (18.2%); Fond du Lac, Wisconsin (17.6%); and Cleveland-Elyria, Ohio (16.4%).

Skyline of Jackson, Mississippi, over the Capitol Building, at night
The median price for home sales in Jackson, Mississippi rose 28.7% during the fourth quarter of last year.

On a national scale, the median price of a single-family home has increased by 4.8% to $410,100 compared to a year ago. Over the past five years, the median home price has surged by 49.9%, highlighting the rapid growth in the housing market.

Notably, California remains home to some of the most expensive housing markets, with San Jose boasting a median home price of nearly $2 million.

See also  CPW looking for rare Plains Sharp-Tailed Grouse near Roxborough
TAGGED:CitiesCosthomepercentShowsSoaredStudy
Share This Article
Twitter Email Copy Link Print
Previous Article Real Madrid vs. Atletico Madrid live stream: Where to watch Madrid Derby online, TV channel, start time Real Madrid vs. Atletico Madrid live stream: Where to watch Madrid Derby online, TV channel, start time
Next Article CDC, RSV, UnitedHealth lawsuit news CDC, RSV, UnitedHealth lawsuit news
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

NYC nut randomly slashes man, 62, with boxcutter in broad daylight attack

An incident of random violence shook the streets of the Bronx on Sunday, as a…

October 1, 2024

EXCLUSIVE: Britney Spears Death Fears — How Fallen Pop Star's Filthy Home and Hermit-Like Existence Sparks Fears She's Headed for Same Grim Fate as Gene Hackman

Breaking News Source: @britneyspears/instagramConcerns arise as Britney Spears exhibits unusual behavior on social media. Published…

September 23, 2025

WWE to re-form League of Nations for the first time in 9 years after what happened on RAW? Exploring the possibility 

The dissolution of factions in WWE has always been a part of the ever-evolving storylines…

May 27, 2025

Choi Min-sik Leads Netflix Korean Drama ‘Notes From the Last Row’

Netflix has recently announced the greenlighting of a new Korean series that is set to…

May 28, 2025

Superman Potential Streaming, VOD, DVD and Blu-ray Release Dates

After a two-year hiatus, Superman is making a triumphant return to the big screen in…

July 10, 2025

You Might Also Like

As Medicaid work requirements loom, study finds links between coverage, better health and higher employment
Health and Wellness

As Medicaid work requirements loom, study finds links between coverage, better health and higher employment

October 31, 2025
Walker hangs up the helmet
World News

Walker hangs up the helmet

October 31, 2025
The Interplanetary Race to Study Interstellar Comet 3I/ATLAS
Tech and Science

The Interplanetary Race to Study Interstellar Comet 3I/ATLAS

October 31, 2025
Senate report details cases of medical neglect in immigration detention centers
World News

Senate report details cases of medical neglect in immigration detention centers

October 31, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?