Portland, Miami, Honolulu, Nevada Cities Lead US Home Price Index July 2025

Homeownership remains a significant investment across the United States, with the typical home value reaching $367,965 in July 2025, marking a slight increase from the previous year. However, rising mortgage rates, currently around 6.58% for a 30-year fixed loan, are making monthly payments more expensive and impacting affordability. Various cities across states like Maine, Hawaii, Florida, Nevada, and the Barnstable Town metro area exhibit significantly higher home values compared to the national average, influenced by factors such as location, size, age, and condition of the homes. For example, all 30 cities with the most expensive homes in Maine are within the Portland-South Portland metro area, while Hawaii's top cities are concentrated in metros like Urban Honolulu and Kahului-Wailuku-Lahaina. Florida's priciest homes are predominantly found in the Miami-Fort Lauderdale-Pompano Beach metro area, and Nevada's highest home values are mainly in Las Vegas-Henderson-Paradise and Gardnerville Ranchos. These regional disparities highlight how local market conditions drive home prices beyond national trends, underscoring the challenges and opportunities for buyers in different parts of the country.