Toledo, Ohio Records Largest Annual Increase in Home Values Among Major US Cities

Home prices are increasing in various Midwestern cities, with Toledo, Ohio, experiencing the largest annual increase in typical home values among 100 major US cities, rising 5.6%, according to a SmartAsset study published in April 2026. Lincoln, Nebraska, followed with a 4.1% increase, while New York City and San Francisco each saw gains of approximately 4%. Toledo’s typical home value was reported at $126,270 in February 2026, making it an affordable option for buyers. Local brokerage Wiens & Roth Real Estate noted tight inventory, with about 1.5 months of housing supply, and interest from buyers priced out of larger metropolitan areas as factors supporting demand. Lincoln, Nebraska, had a typical home value averaging $285,359 in February 2026, and was classified as a seller’s market by Realtor.com in September 2026, with median sale prices up 6.5% year over year, despite an 11.4% increase in active listings. The increases in these cities contrast with a broader trend of declining home prices, as 70% of the cities analyzed experienced falling values between February 2025 and February 2026. San Francisco’s gains were notable, particularly as nearby Oakland recorded a 9.1% decline in typical home values. Florida cities also saw significant drops, with St. Petersburg declining 7.5% and Naples falling 6.4%. In contrast, some affluent communities are seeing unprecedented price increases. Beverly Hills’ 90210 ZIP code saw its median home sale price rise 24% to $5.39 million, while Atherton, California, became the first ZIP code in the country to surpass a $10 million median home sale price, reaching $10.725 million, a 29% increase from the previous year. The report from PropertyShark indicated that over two-thirds of the ZIP codes in their ranking recorded rising median sale prices. Eliza Theiss, the report’s author, stated that the upper end of the market tends to be more resilient, as wealthy buyers are better positioned to withstand economic downturns. In the Hamptons, Sagaponack had a median sale price of $7.35 million, up 24% from last year, while Bridgehampton saw a 114% increase to a record $6.15 million, although this was accompanied by a nearly 39% drop in transactions. Newport Coast, California, reached a record median sale price of $6.1 million, up nearly 20%. The New York metropolitan area also had a strong presence in the luxury market, tying the San Francisco Bay Area with 31 ZIP codes among the nation’s most expensive. Westchester County placed three ZIP codes in the top 100 for the first time, while New York City had three, led by Tribeca at $3.85 million. However, not all luxury markets are experiencing growth; Fisher Island in Miami Beach saw a 24% drop in its median sale price to $7.22 million. Theiss noted that even luxury markets are not immune to downturns, particularly following the pandemic housing boom. The SmartAsset and PropertyShark studies measure different aspects of the housing market, with SmartAsset tracking changes in typical home values and PropertyShark examining median prices from completed transactions in expensive ZIP codes. Together, these findings illustrate the varying trends in home prices across the United States.