Home Prices: Sept Update

According to Zillow data compiled by Home Economics, home prices inched up by the slightest of margins (0.07%) in September—just enough to break a 6 month losing streak.

The glacial pace of price rises in recent months brings the year-over-year appreciation to a scant 0.1%. Though outright y/y declines are a real possibility, prices in almost two-thirds of the ZIP codes across the country are still higher than a year ago.

The median home in the US now costs $363K.

The video below uses our ProMap to tease out 3 trends in the recent data:

1. Northeast outperforming Sunbelt price
2. Suburbs outperforming cities
3. Home prices versus performance in San Francisco versus Los Angeles

Analysis Video

Highest Prices

1. 92657 Newport Beach, CA ($5.32M, pop: 10,294)
2. 90210 Beverly Hills, CA ($5.07M, pop: 21,134)
3. 93108 Montecito, CA ($4.87M, pop: 11,243)
4. 94022 Los Altos, CA ($4.79M, pop: 20,842)
5. 90402 Santa Monica, CA ($4.51M, pop: 12,295)
6. 94024 Los Altos, CA ($4.36M, pop: 23,263)
7. 94301 Palo Alto, CA ($4.07M, pop: 17,299)
8. 92625 Newport Beach, CA ($3.97M, pop: 12,017)
9. 95070 Saratoga, CA ($3.87M, pop: 32,419)
10. 10013 New York, NY ($3.46M, pop: 31,042)

Lowest Prices

1. 48505 Flint, MI ($30K, pop: 17,685)
2. 71109 Shreveport, LA ($35K, pop: 18,414)
3. 61605 Peoria, IL ($36K, pop: 14,049)
4. 71108 Shreveport, LA ($40K, pop: 17,727)
5. 38614 Clarksdale, MS ($42K, pop: 16,970)
6. 39209 Jackson, MS ($42K, pop: 25,227)
7. 71601 Pine Bluff, AR ($43K, pop: 13,881)
8. 38703 Greenville, MS ($43K, pop: 12,731) (new)
9. 63115 Saint Louis, MO ($44K, pop: 16,056)
10. 39204 Jackson, MS ($44K, pop: 15,433)

Accelerating Prices (Y/Y)

1. 41465 Salyersville, KY (+30.0% y/y, pop: 10,732)
2. 92008 Carlsbad, CA (+29.6% y/y, pop: 27,282) (new)
3. 17103 Harrisburg, PA (+18.4% y/y, pop: 12,225)
4. 18509 Scranton, PA (+16.0% y/y, pop: 13,720)
5. 18447 Olyphant, PA (+15.9% y/y, pop: 10,362)
6. 17104 Harrisburg, PA (+15.6% y/y, pop: 20,058)
7. 42025 nan, KY (+15.0% y/y, pop: 19,604)
8. 41031 Cynthiana, KY (+14.6% y/y, pop: 16,341)
9. 62901 Carbondale, IL (+14.4% y/y, pop: 22,967)
10. 18504 Scranton, PA (+13.5% y/y, pop: 21,267)

Decelerating Prices (Y/Y)

1. 38701 Greenville, MS (-28.2% y/y, pop: 21,051)
2. 38703 Greenville, MS (-23.5% y/y, pop: 12,731)
3. 29512 Bennettsville, SC (-20.3% y/y, pop: 17,941)
4. 71202 Monroe, LA (-20.1% y/y, pop: 27,535)
5. 63113 Saint Louis, MO (-19.2% y/y, pop: 10,882)
6. 15902 Johnstown, PA (-18.8% y/y, pop: 11,107)
7. 33716 Saint Petersburg, FL (-18.4% y/y, pop: 18,023)
8. 36617 Mobile, AL (-16.7% y/y, pop: 11,408) (new)
9. 29645 Gray Court, SC (-16.7% y/y, pop: 10,584)
10. 77026 Houston, TX (-16.2% y/y, pop: 23,405)

Includes only ZIPs with populations > 10,000
Data source: Zillow Home Value Index (ZHVI) as of 2025-09-30