flexiblefullpage - default
Currently Reading

A Growing Number of Metros Record Double-Digit Home Price Appreciation in Q2 2022

billboard - default
Housing Markets

A Growing Number of Metros Record Double-Digit Home Price Appreciation in Q2 2022

The housing market may be cooling, but single-family home prices are still rising in the majority of metro areas

August 15, 2022
House model on top of stack of money next to house keys
Image: Stock.adobe.com

Roughly 80% of the 185 markets tracked by the National Association of Realtors recorded double-digit home price appreciation during the second quarter of 2022. During the same period, national median prices rose 14.2% year-over-year to $413,500, surpassing $400,000 for the first time in the data’s history, the National Association of Realtors reports.

Monthly mortgage payments on a single-family home rose to $1,810 in Q2 2022 compared to $1,213 a year ago as the 30-year fixed mortgage rate increased to 5.32% in the second quarter of 2022, up from 3.05% in Q2 2021.

Knowing the mortgage rates and the qualifying incomes for down payments will help potential homeowners figure out what metro areas are affordable.

The top five single-family metro areas with the highest home price appreciation in Q2 2022 were Fayetteville-Springdale-Rogers, AR-MO; Lakeland-Winter Haven, FL; Naples-Immokalee-Marco Island, FL; North Port-Sarasota-Bradenton, FL; and Myrtle Beach-Conway-North Myrtle Beach, SC-NC.

Read more

Related Stories

Infill Housing

Urban Infill Developments Bring Modern Touch to Historic Neighborhoods

More and more builders are taking advantage of urban infill opportunities to provide luxury and amenities

Land Planning

Across the Country, Developers Are “Fighting for Land”

A strong demand for homes and a lack of supply will mean land prices will continue to rise

Housing Policy + Finance

Moody's Analytics: 210 Regional Housing Markets Were Overvalued by More Than 25% in the 2nd Quarter of 2022

A housing correction looms, with some markets seeing housing activity slowing and home prices falling

boombox1 -
native1 - default
halfpage2 -

More in Category

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.