Housing Market Premiums Over Time
This chart gives fifteen major metros one small panel each, plotting the change in each city's home-value premium over the national average against its own 2016 level. Because every panel shares one scale, the shapes compare honestly: the Sun Belt's pandemic bump and give-back, Miami's kept gains, the Bay Area's slide, and the flat Texas lines. Start, peak, and latest values are labeled in every panel.
What does it show?
Fifteen major metros, one panel each, plotted against their own 2016 baseline: the Sun Belt's boom bump and give-back, Miami's kept gains, the Bay Area's slide, and the Texas flat lines all read as shapes.
Methodology
Each metro's Zillow Home Value Index divided by the U.S. index, sampled every June from 2016, then re-based to that metro's own 2016 multiple so every panel shows change rather than level — levels appear as the first and latest labels in each panel, with the interior peak labeled when it exceeds both endpoints meaningfully. Panels share one scale, so shapes compare across cities. Sorted by the latest premium. ZHVI is a mid-market measure: the typical home, not the mean. Data provided by Zillow Group; terms verified 2026-07-31.