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The cost of housing has skyrocketed and it will continue to rise.

NAR's (National Association of Realtors) third-quarter median existing single-family home price survey, covering changes in 147 metropolitan statistical areas, revealed that the average home nationwide appreciated by 14.7 percent since last year. Homes in only six metro areas lost value.

See table tracking all 147 markets.

Regionally, the South recorded the slimmest gain, at 7.7 percent, while the West had the highest - 18.8 percent. The Midwest (13.1 percent) trailed the Northeast (13.2 percent) slightly for second place.


This Scale is taken from a study of California in the late 70's which shows the increase of new home purchase prices from 1973 - 1978. New homes purchased at just over $40,000 in 1973 rose to just under $100,000 in 1978.


Results are ranked by state. Click to view South Bend-Mishawaka.

Metropolitan Area State Median Price Growth
Birmingham-Hoover AL $158,400 7.2%
Mobile AL $133,600 15.6%
Montgomery AL $139,600 15.8%
Little Rock-N. Little Rock AR $122,700 10.6%
Phoenix-Mesa-Scottsdale AZ $268,000 55.2%
Tucson AZ $242,300 34.7%
Anaheim-Santa Ana (Orange Co.) CA $710,700 10.4%
San Diego-Carlsbad-San Marcos CA $615,000 6.3%
Riverside-San Bernardino-Ontario CA $387,300 24.3%
Sacramento--Arden-Arcade--Roseville CA $388,900 18.1%
Los Angeles-Long Beach-Santa Ana CA $553,200 22.3%
San Francisco-Oakland-Fremont CA $721,900 11.7%
Colordo Springs CO $200,900 N/A
Denver-Aurora CO $253,500 N/A
Boulder CO $357,500 6.7%
New Haven-Milford CT $291,900 12.1%
Bridgeport-Stamford-Norwalk CT $476,900 7.2%
Norwich-New London CT $261,100 10.9%
Hartford-West Hartford-East Hartford CT $259,500 8.2%
Washington-Arlington-Alexandria DC-VA-MD-WV $441,400 26.3%
Dover DE $194,300 25.3%
Jacksonville FL $187,000 18.7%
Sarasota-Bradenton-Venice FL $353,800 23.7%
Cape Coral-Fort Myers FL $277,600 42.5%
Gainesville FL $185,700 11.3%
Deltona-Daytona Beach-Ormond Beach FL $208,200 33.8%
Ocala FL $151,500 31.9%
Tampa-St.Petersburg-Clearwater FL $213,500 27.8%
Pensacola-Ferry Pass-Brent FL $175,500 31.2%
Tallahassee FL $163,700 5.2%
Orlando FL $261,300 44.8%
Palm Bay-Melbourne-Titusville FL $212,800 33.6%
Miami-Fort Lauderdale-Miami Beach FL $386,600 28.9%
Atlanta-Sandy Springs-Marietta GA $171,200 7.2%
Honolulu HI $615,000 31.1%
Waterloo/Cedar Falls IA $111,000 14.8%
Des Moines IA $147,800 2.3%
Cedar Rapids IA $134,200 3.4%
Davenport-Moline-Rock Island IA-IL $123,300 3.2%
Boise City-Nampa ID $151,300 8.0%
Danville IL $72,800 3.7%
Peoria IL $114,900 1.7%
Decatur IL $85,500 9.5%
Springfield IL $111,500 4.7%
Champaign-Urbana IL $140,700 5.1%
Chicago-Naperville-Joliet IL $274,700 10.8%
Rockford IL $120,400 13.7%
Bloomington-Normal IL $170,900 14.5%
Kankakee-Bradley IL $130,500 -0.3%
Gary-Hammond IN $136,200 8.4%
South Bend-Mishawaka IN $101,600 3.1%
Indianapolis IN $128,900 0.3%
Ft. Wayne IN $106,500 6.8%
Topeka KS $108,300 -1.3%
Wichita KS $111,200 4.3%
Lexington-Fayette KY $149,800 7.4%
Louisville KY-IN $137,700 3.9%
Shreveport-Bossier City LA $131,100 17.5%
New Orleans-Metairie-Kenner LA $162,100 13.0%
Baton Rouge LA $156,300 19.5%
Springfield MA $217,600 16.2%
Barnstable Town MA $398,500 4.1%
Worcester MA $296,600 4.4%
Pittsfield MA $196,300 -0.1%
Boston-Cambridge-Quincy MA-NH $430,900 5.8%
Baltimore-Towson MD $282,100 19.6%
Hagerstown-Martinsburg MD-WV $222,400 29.5%
Cumberland MD-WV $90,200 24.9%
Portland-South Portland-Biddeford ME $249,100 6.7%
Lansing-E.Lansing MI $149,000 7.0%
Grand Rapids MI $140,700 5.2%
Kalamazoo-Portage MI N/A N/A
Detroit-Warren-Livonia MI $172,100 2.3%
Saginaw-Saginaw Township North MI $125,000 N/A
Minneapolis-St. Paul-Bloomington MN-WI $233,000 6.0%
Springfield MO $122,300 11.0%
Saint Louis MO-IL $148,000 8.4%
Kansas City MO-KS $159,000 4.4%
Jackson MS $136,500 12.7%
Gulfport-Biloxi MS $133,400 15.2%
Greensboro-High Point NC $150,800 5.4%
Durham NC $156,400 6.4%
Raleigh-Cary NC $185,400 7.8%
Charlotte-Gastonia-Concord NC-SC $189,800 11.0%
Fargo ND-MN $135,100 8.4%
Lincoln NE $138,300 -0.9%
Omaha NE-IA $138,000 2.9%
Atlantic City NJ $247,600 22.3%
NY: Edison NJ $386,900 13.6%
Trenton-Ewing NJ $290,500 16.0%
NY: Newark-Union NJ-PA $446,800 12.5%
Albuquerque NM $170,800 18.2%
Farmington NM $156,100 15.5%
Las Vegas-Paradise NV $313,000 10.5%
Reno-Sparks NV N/A N/A
Rochester NY $120,000 4.4%
Syracuse NY $118,200 15.1%
NY: Nassau-Suffolk NY $471,000 11.6%
Kingston NY $259,300 19.8%
Buffalo-Niagara Falls NY $103,700 4.4%
Binghamton NY $97,600 8.7%
Elmira NY $77,100 -5.4%
Albany-Schenectady-Troy NY $192,800 14.2%
Glens Falls NY $160,000 25.4%
New York-Wayne-White Plains NY-NJ $533,600 16.2%
New York-Northern New Jersey-Long Island NY-NJ-PA $461,100 15.8%
Cleveland-Elyria-Mentor OH $147,000 5.3%
Canton-Massillon OH N/A N/A
Columbus OH $156,600 3.6%
Dayton OH $123,600 4.3%
Akron OH $129,100 5.0%
Toledo OH $123,500 8.2%
Cincinnati-Middletown OH-KY-IN $148,700 3.9%
Youngstown-Warren-Boardman OH-PA $90,200 -1.0%
Tulsa OK $123,100 6.3%
Oklahoma City OK $121,000 10.9%
Salem OR $182,800 11.7%
Eugene-Springfield OR $208,900 25.9%
Portland-Vancouver-Beaverton OR-WA $253,700 20.0%
Reading PA $143,800 9.1%
Pittsburgh PA $122,600 4.4%
Erie PA $108,400 1.2%
Allentown-Bethlehem-Easton PA-NJ N/A N/A
Philadelphia-Camden-Wilmington PA-NJ-DE-MD $230,600 19.0%
Providence-New Bedford-Fall River RI-MA $305,100 5.4%
Columbia SC $138,300 7.1%
Charleston-North Charleston SC $202,000 9.8%
Spartanburg SC $124,400 9.2%
Greenville SC $147,500 5.9%
Sioux Falls SD $134,700 3.9%
Knoxville TN $146,000 8.1%
Nashville-Davidson--Murfreesboro TN $164,300 10.3%
Chattanooga TN-GA $136,300 8.3%
Memphis TN-MS-AR $145,500 3.9%
Amarillo TX $111,100 13.3%
Houston-Baytown-Sugar Land TX $145,100 5.5%
El Paso TX $113,600 19.5%
Dallas-Fort Worth-Arlington TX $147,200 4.9%
Corpus Christi TX $128,800 10.2%
San Antonio TX $137,600 8.8%
Austin-Round Rock TX $167,100 5.4%
Beaumont-Port Arthur TX $103,700 8.8%
Salt Lake City UT $181,400 12.5%
Richmond VA $214,500 22.9%
Virginia Beach-Norfolk-Newport News VA-NC $208,600 14.5%
Spokane WA $167,500 20.9%
Kennewick-Richland-Pasco WA $157,100 4.2%
Yakima WA $140,700 3.2%
Seattle-Tacoma-Bellevue WA $325,000 16.8%
Appleton WI $132,500 8.5%
Milwaukee-Waukesha-West Allis WI $219,700 7.1%
Green Bay WI $155,200 7.0%
Madison WI $222,800 6.3%
Charleston WV $120,600 0.8%