--- title: Here’s Where Home Equity Increased the Most in the Last 5 Years description: Typical home equity has increased by 37.5% since 2019, per Realtor.com, and it's up over 50% in cities like Nashville and Los Angeles. authors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true editors: - name: Leslie Cook role: Editor, Real Estate url: https://money.com/author/leslie-cook/ bio: Leslie Cook is Money’s lead real estate editor covering trends in the housing market, mortgage rates and real estate. She also writes about home renovation trends and tips. education: Bryn Mawr College, BA History certifications: Certified Personal Finance Counselor at_money_since: 2019 articles: 798 covers: - Housing - Banking - Credit - Economy and Politics - Identity Theft - Insurance - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Taxes social: - https://twitter.com/LeslieLCook - https://www.linkedin.com/in/leslie-cook-9829b9198/ published: '2024-06-07T15:05:25.000Z' modified: '2024-06-07T15:05:25.000Z' section: Housing tags: - News word_count: 378 canonical: https://money.com/home-equity-increase-most-since-pandemic/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Aerial Point of View facing South of Music City, Downtown Nashville, Tennessee](https://img.money.com/2024/06/News-Cities-Rising-Home-Equity.jpg) *Nashville, Tennessee* Aspiring homebuyers are facing a frustrating market, what with high [mortgage rates](https://money.com/current-mortgage-rates/), inflated prices and relatively low inventory. It’s quite a different story for people who were lucky enough to buy before the pandemic. Not only did buyers in 2019 and 2020 lock in lower mortgage rates — likely around 4%, compared to 7% today — but home prices were much cheaper. From May 2019 to May 2024, the typical home listed price increased by 37.5%, according to a new [Realtor.com report](https://www.realtor.com/news/trends/bought-home-pre-pandemic-how-much-its-worth-now/). Home prices in some cities have soared even higher. Nashville, Tennessee, has arguably been the nation’s hottest city in terms of rising real estate values over the past five years: The median home price shot up from $375,000 in 2019 to $588,000 now, good for an increase of 57.1%. List prices in another city in Tennessee, Memphis, have also increased over 50% since 2019, rising from $230,000 to $350,000. “Homeowners have seen extraordinary gains in home equity over the past five years,” Realtor.com senior economist Ralph McLaughlin said in the report. [Equity](https://money.com/what-is-equity/) is the value an owner has in an asset, minus any debt still owed. As home values spiked during and after the pandemic-era housing frenzy, owners have been the beneficiaries of huge increases in equity — which could come in handy if they’re in need of money via a [home equity loan or line of credit](https://money.com/heloc-vs-home-equity-loan/). Data from real estate marketplace and research firm [Zillow](https://www.zillow.com/research/april-2024-market-report-34050/) mirrors the Realtor.com findings. Zillow estimates that the value of the typical U.S. home is now about $360,000, compared to just $240,000 five years ago. That’s an increase of 50%. ## Use your Home Equity to finance your goals ### Work with a licensed Rocket Mortgage (NMLS #3030) representative in your state today. [Apply Now](https://money.com/pr/ecd5b4b1a2be?ap_referrer=%2Fhome-equity-increase-most-since-pandemic%2F) ## Top 10 cities where home equity increased most since 2019 Over the past five years, home equity is up 50% or more in five big U.S. cities, according to Realtor.com, and a handful of other metros are just under the 50% mark: - Nashville, Tennessee: Home equity up 57.1% - Los Angeles, California: 55.1% - Providence, Rhode Island: 54.2% - Austin, Texas: 52.3% - Memphis, Tennessee: 52.1% - Tampa, Florida: 49.6% - San Diego, California: 49.5% - Boston, Massachusetts: 49.4% - Las Vegas, Nevada: 49.1% - Hartford, Connecticut: 49.0% ## Leverage your home equity with a Cash-Out Refinance ### Work with a licensed Rocket Mortgage (NMLS #3030) representative today. [Apply Now](https://money.com/pr/x77d8ab3d7b0?ap_referrer=%2Fhome-equity-increase-most-since-pandemic%2F) ![](https://s3.consumersadvocate.org/prd/image/image/26686/medium_6e2aea0b-012e-42df-841e-6c900b160674.png) Use your Home Equity to pay for major expenses with Rocket Mortgage (NMLS #3030) [Apply Now](https://money.com/pr/od9452e6ae7e?ap_referrer=%2Fhome-equity-increase-most-since-pandemic%2F) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/home-equity-increase-most-since-pandemic/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Housing", "item": "https://money.com/housing/" }, { "@type": "ListItem", "position": 3, "name": "Home Equity", "item": "https://money.com/home-equity/" }, { "@type": "ListItem", "position": 4, "name": "Here’s Where Home Equity Increased the Most in the Last 5 Years" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/home-equity-increase-most-since-pandemic/#webpage", "url": "https://money.com/home-equity-increase-most-since-pandemic/", "name": "Here’s Where Home Equity Increased the Most in the Last 5 Years", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2024-06-07T15:05:25.000Z", "mainEntity": { "@id": "https://money.com/home-equity-increase-most-since-pandemic/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/home-equity-increase-most-since-pandemic/#breadcrumb" }, "dateModified": "2024-06-07T15:05:25.000Z" }, { "@type": "NewsArticle", "headline": "Here’s Where Home Equity Increased the Most in the Last 5 Years", "articleSection": "Housing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2024/06/News-Cities-Rising-Home-Equity.jpg", "width": 2636, "height": 1757, "caption": "News-Cities-Rising-Home-Equity" } ], "author": [ { "@type": "Person", "name": "Brad Tuttle", "url": "https://money.com/author/brad-tuttle/", "@id": "https://money.com/author/brad-tuttle/#author", "description": "Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.\r\n\r\n", "image": "https://img.money.com/2014/01/Brad-Tuttle.png?w=226&h=247&crop=1", "alumniOf": "Columbia University School of Journalism, MS", "sameAs": [ "https://twitter.com/bradrtuttle", "https://linkedin.com/in/brad-tuttle-834b225" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2024-06-07T15:05:25.000Z", "description": "Typical home equity has increased by 37.5% since 2019, per Realtor.com, and it's up over 50% in cities like Nashville and Los Angeles.", "abstract": "Typical home equity has increased by 37.5% since 2019, per Realtor.com, and it's up over 50% in cities like Nashville and Los Angeles.", "@id": "https://money.com/home-equity-increase-most-since-pandemic/", "inLanguage": "en-US", "dateModified": "2024-06-07T15:05:25.000Z", "editor": [ { "@type": "Person", "name": "Leslie Cook", "url": "https://money.com/author/leslie-cook/", "@id": "https://money.com/author/leslie-cook/#author", "description": "Leslie Cook is Money’s lead real estate editor covering trends in the housing market, mortgage rates and real estate. 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