The national average home appreciation rate is about 3–4% per year, though it varies widely by market. From 1991–2024 the national median rose roughly 3.8% annually. Hot markets like Austin or Boise saw 8–12% in peak years, while some Midwest markets averaged 2–3%.
- National average: ~3.8% per year (1991–2024)
- High-growth metros: 5–8% in sustained bull markets
- Rural / Midwest: 1.5–3% typical
- After inflation (~3%), real appreciation is often under 1%
- Short-term swings can be much larger than long-term averages
| Market Type | Typical Annual Rate | 10-Year Growth on $350K |
|---|---|---|
| Low growth | 2% | $426,649 |
| National average | 3.5% | $493,715 |
| High growth | 5% | $570,088 |
| Hot market | 7% | $688,498 |