9 States Where Home Values Have Soared the Past 2 Years

Home values are skyrocketing across much of the East Coast. According to an in-house GOBankingRates study, five East Coast states — including New Jersey, New York, Connecticut, Rhode Island and New Hampshire — have experienced the greatest home value percentage increases over the last two years.

These key findings were uncovered from an existing GOBankingRates study on the current status of the housing market across the 50 states. That study utilized Zillow’s October 2025 data on the average value of single-family homes in every state and the value that was gained (both in dollar amounts and percentages) over 2023 through 2025.

Check out the top nine states where home values have soared over the last two years, in order of highest to lowest home value percentage change. You can also review home value changes across America in our full analysis.

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1. New Jersey

October 2023 average home value: $518,121
October 2024 average home value: $562,305
October 2025 average home value: $578,764
2-year change in home value ($): $60,643
2-year change in home value (%): 11.7%

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2. New York

October 2023 average home value: $433,246
October 2024 average home value: $465,245
October 2025 average home value: $483,605
2-year change in home value ($): $50,358
2-year change in home value (%): 11.6%

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3. Connecticut

October 2023 average home value: $408,695
October 2024 average home value: $436,897
October 2025 average home value: $453,495
2-year change in home value ($): $44,800
2-year change in home value (%): 11%

4. Rhode Island

October 2023 average home value: $451,222
October 2024 average home value: $483,960
October 2025 average home value: $497,634
2-year change in home value ($): $46,413
2-year change in home value (%): 10.3%

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5. Illinois

October 2023 average home value: $258,891
October 2024 average home value: $273,331
October 2025 average home value: $285,028
2-year change in home value ($): $26,137
2-year change in home value (%): 10.1%

6. Ohio

October 2023 average home value: $220,133
October 2024 average home value: $231,916
October 2025 average home value: $240,764
2-year change in home value ($): $20,632
2-year change in home value (%): 9.4%

7. New Hampshire

October 2023 average home value: $472,323
October 2024 average home value: $502,507
October 2025 average home value: $515,718
2-year change in home value ($): $43,395
2-year change in home value (%): 9.2%

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8. Wisconsin

October 2023 average home value: $296,831
October 2024 average home value: $310,989
October 2025 average home value: $324,061
2-year change in home value ($): $27,230
2-year change in home value (%): 9.2%

9. Kentucky

October 2023 average home value: $208,478
October 2024 average home value: $217,278
October 2025 average home value: $226,256
2-year change in home value ($): $17,778
2-year change in home value (%): 8.5%

Find more original studies and surveys in the GOBankingRates original research center.

Methodology: For this piece, GOBankingRates used Zillow’s October 2025 Single-Family Residence (SFR) home value data to discover the current state of the housing market in every state. First, for each state GOBankingRates found the following: (1) October 2023 SFR home value; (2) October 2024 SFR home value; (3) April 2025 SFR home value; and (4) October 2025 SFR home value. With these figures collected, GOBankingRates next found the following for each state: (5) two-year (October 2023 to October 2025) change in SFR home value; (6) one-year (October 2024 to October 2025) change in SFR home value; and (7) six-month (April 2025 to October 2025) change in SFR home value. All data was collected on Dec. 9, 2025.

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This article originally appeared on GOBankingRates.com: 9 States Where Home Values Have Soared the Past 2 Years

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