States Seeing the Biggest Jump in Home Values

Home-price growth has been slow across the U.S., but when it comes to local markets, some areas are seeing home values continue to soar. To assess which states are experiencing the biggest increase in home values, property warranty website Cinch Home Services analyzed home price data from August 2025, August 2024, and August 2020.

Through this analysis, it found that Wyoming leads the nation with a 5.7% increase in home values year-over-year. From August 2024 to August 2025, Wyoming homes gained an average of $18,004, reaching an average home value of $366,565. The state also recorded a five-year increase of 37.31%. Kentucky follows closely behind with a 4.7% year-over-year jump in home values. That jump equates to an increase of $10,006. New York came in third with a 4.17% increase, adding $20,179 to the average home value in the state.

While Wyoming and Kentucky placed in the top two spots, Northeastern states topped the list, with six states ranking in the top ten for annual price growth.

The study also found New Hampshire to be the state with the largest five-year percentage increase in home values at 62.19%, followed by Montana at 59.48% and Connecticut at 58.55%. These states have seen property values increase by more than half since August 2020.