Zillow report shows home values still going up after 48 consecutive months

With rising home prices across the country, affordability remains an issue
  • Zillow reports that median home value in the U.S. rose to $187,300 in July 2016.
  • Portland saw the highest year-over-year increase in median home value, at 14.7 percent.
  • San Jose has the highest median home value in the country, at $948,600. Indianapolis was the only metro area that showed decline year-over-year, at 3.5 percent.

Zillow’s recent Home Value Index (ZHVI) revealed home values increased 5.1 percent over the past year. The current median home value in the United States is $187,300 as of July. The increase in home values has been steady since August 2012, Zillow reports.