The ranking in numbers
Large metros where prices are falling
Every one of the 100 largest metros with a lower typical home value than a year ago, steepest decline first. The last columns show the distance from the two-year high and the latest three months at a yearly rate.
| # | Metro | 12 months | From its 2-year high | Latest 3 months, yearly rate | Home value |
|---|---|---|---|---|---|
| 1 | Austin, TX | −5.5% | −9.4% | −2.0% | $425,000 |
| 2 | Cape Coral, FL | −3.8% | −13.9% | −1.8% | $330,200 |
| 3 | Las Vegas, NV | −2.7% | −4.4% | −4.4% | $407,600 |
| 4 | Durham, NC | −2.5% | −3.2% | −4.9% | $386,900 |
| 5 | Colorado Springs, CO | −2.4% | −4.9% | −1.4% | $446,400 |
| 6 | Jacksonville, FL | −1.9% | −6.5% | −1.6% | $314,500 |
| 7 | North Port, FL | −1.9% | −11.5% | +1.1% | $388,500 |
| 8 | Lakeland, FL | −1.8% | −5.6% | −3.7% | $285,300 |
| 9 | Stockton, CA | −1.7% | −4.3% | −2.9% | $548,700 |
| 10 | Dallas, TX | −1.7% | −5.2% | −1.9% | $344,900 |
| 11 | Vallejo, CA | −1.5% | −4.4% | 0.0% | $580,300 |
| 12 | Denver, CO | −1.5% | −5.2% | +0.8% | $545,200 |
| 13 | Charleston, SC | −1.5% | −1.8% | +1.1% | $404,500 |
| 14 | Pittsburgh, PA | −1.5% | −1.8% | −4.1% | $181,500 |
| 15 | Tucson, AZ | −1.4% | −4.7% | −2.5% | $337,900 |
| 16 | Raleigh, NC | −1.3% | −4.2% | −0.6% | $414,600 |
| 17 | Phoenix, AZ | −1.2% | −3.9% | −2.8% | $437,900 |
| 18 | Orlando, FL | −1.0% | −4.5% | −1.5% | $386,800 |
| 19 | San Jose, CA | −0.9% | −4.6% | −3.2% | $1,514,100 |
| 20 | Houston, TX | −0.8% | −2.7% | −1.0% | $277,900 |
| 21 | McAllen, TX | −0.8% | −2.2% | −2.6% | $169,500 |
| 22 | Santa Rosa, CA | −0.7% | −3.3% | 0.0% | $805,300 |
| 23 | Seattle, WA | −0.7% | −3.3% | −2.9% | $667,300 |
| 24 | Tampa, FL | −0.7% | −6.0% | −1.3% | $362,600 |
| 25 | Killeen, TX | −0.7% | −2.7% | −4.6% | $285,800 |
| 26 | Riverside, CA | −0.4% | −2.9% | −1.3% | $525,400 |
| 27 | New Orleans, LA | −0.1% | −1.0% | +2.5% | $234,800 |
| 28 | Nashville, TN | 0.0% | −0.8% | −0.7% | $409,200 |
States where prices are falling
| # | State | 12 months | Home value |
|---|---|---|---|
| 1 | Kentucky | −5.5% | $169,700 |
| 2 | Nevada | −2.5% | $415,300 |
| 3 | Florida | −1.8% | $344,900 |
| 4 | District of Columbia | −0.8% | $553,800 |
| 5 | Texas | −0.8% | $262,400 |
| 6 | Colorado | −0.6% | $497,000 |
| 7 | Arizona | −0.5% | $388,800 |
The steepest declines by ZIP code
ZIP codes: the 5,000 most populous in the country, so that places with only a handful of sales a year do not crowd the list.
| # | ZIP code | Area | Metro | 12 months | From its peak | Home value |
|---|---|---|---|---|---|---|
| 1 | 48205 | Detroit, MI | Detroit | −13.2% | −14.5% | $53,100 |
| 2 | 70805 | Baton Rouge, LA | Baton Rouge | −12.1% | −52.4% | $68,300 |
| 3 | 33417 | Century Village, FL | Miami | −11.3% | −22.8% | $135,200 |
| 4 | 42071 | Murray, KY | Murray | −11.1% | −15.9% | $196,100 |
| 5 | 75407 | Princeton, TX | Dallas | −10.2% | −25.7% | $282,700 |
| 6 | 78332 | Alice, TX | Alice | −10.2% | −30.5% | $136,600 |
| 7 | 77054 | Houston, TX | Houston | −9.7% | −14.7% | $129,200 |
| 8 | 75009 | Celina, TX | Dallas | −9.2% | −17.6% | $515,700 |
| 9 | 75702 | Tyler, TX | Tyler | −9.2% | −16.6% | $131,700 |
| 10 | 75090 | Sherman, TX | Sherman | −9.1% | −15.6% | $206,700 |
| 11 | 48234 | Detroit, MI | Detroit | −8.7% | −13.0% | $54,100 |
| 12 | 39120 | Natchez, MS | Natchez | −8.5% | −33.8% | $115,000 |
| 13 | 42431 | Madisonville, KY | Madisonville | −8.1% | −10.2% | $158,400 |
| 14 | 89103 | Las Vegas, NV | Las Vegas | −8.0% | −12.6% | $253,700 |
| 15 | 33442 | Deerfield Beach, FL | Miami | −7.9% | −23.0% | $182,100 |
| 16 | 33919 | Fort Myers, FL | Cape Coral | −7.9% | −25.5% | $243,700 |
| 17 | 78741 | Austin, TX | Austin | −7.4% | −33.2% | $319,100 |
| 18 | 91001 | Altadena, CA | Los Angeles | −7.4% | −16.2% | $1,127,300 |
| 19 | 96753 | Kihei, HI | Kahului | −7.4% | −15.5% | $988,500 |
| 20 | 38109 | Memphis, TN | Memphis | −7.3% | −12.4% | $92,100 |
Questions
Where are home prices falling the most?
Among the 100 largest metros, Austin, TX, down 5.5% over twelve months, followed by Cape Coral (−3.8%), Las Vegas (−2.7%) and Durham (−2.5%).
Are home prices going down in the US?
Not nationally: the typical US home value is up 3.0% over twelve months. The declines are local: 28 of the 100 largest metros and 6,072 of 26,268 US ZIP codes are below last year.
Is it a good time to buy where prices are falling?
Falling prices improve the entry point but say nothing on their own about the bottom. The latest three months show which markets are turning: North Port, Denver, Charleston and New Orleans.
More rankings
- Cheapest places to buy
- Most affordable markets
- Best rental yields
- Hottest markets
- Where people are moving
- All rankings
- All markets
Sources and method
- Source: CITIZEN, Lualdi Advisors' US housing market intelligence. Home values and rents through August 2026; household incomes 2020 to 2024; migration for tax years 2022 to 2023.
- The 100 largest metros are those holding the most of the country's 5,000 most populous ZIP codes. Metro and state figures are medians across their ZIP codes, not a separate index.
- Rebuilt every month with CITIZEN's latest data. Last updated 2026-10-14.
