Median Home Value vs. Price Level by City
US cities with higher Price Level tend to have higher Median Home Value.
Very strong link: a correlation of 0.71 across 418 US cities.CorrelationHow closely two metrics move together, from −1 to +1. Near +1: both rise together. Near −1: one rises as the other falls. Near 0: no clear link.More in the glossary →
Each dot in the chart is one of 418 US cities. The correlation between Price Level and Median Home Value is 0.71, a very strong relationship: about 51% of the differences in Median Home Value from place to place line up with Price Level. Ranked instead of measured, the link is 0.81.
The highest Median Home Value is in Palo Alto, CA ($2M), Cupertino, CA ($2M) and Manhattan Beach, CA ($2M); the lowest is in Flint, MI ($53,500), Youngstown, OH ($63,300) and Detroit, MI ($83,900). The median place has $317,450 for Median Home Value and 98.4 for Price Level.
The biggest exceptions sit furthest from the trend line. University Park, TX, Palo Alto, CA and Cupertino, CA have a much higher Median Home Value than their Price Level would predict, while Hialeah, FL, West Palm Beach, FL and Pembroke Pines, FL have a much lower one.
This is a comparison across places, not proof that one causes the other: both can follow from something else, such as income, age or how urban a place is. Price Level is from 2024 and Median Home Value from 2024.
Highest Median Home Value
| Place | Median Home Value | Price Level |
|---|---|---|
| Palo Alto, CA | $2M | 110.4 |
| Cupertino, CA | $2M | 110.4 |
| Manhattan Beach, CA | $2M | 113.6 |
| Menlo Park, CA | $2M | 115.6 |
| Los Gatos, CA | $2M | 110.4 |
Lowest Median Home Value
| Place | Median Home Value | Price Level |
|---|---|---|
| Flint, MI | $53,500 | 93.0 |
| Youngstown, OH | $63,300 | 87.4 |
| Detroit, MI | $83,900 | 100.3 |
| Muncie, IN | $97,300 | 88.1 |
| Bay City, MI | $97,600 | 91.9 |
Explore it yourself
- Open this comparison in the interactive chart to highlight places, change the metrics or colour by party.
- Full ranking and sources for Price Level
- Full ranking and sources for Median Home Value