1851

This story was originally published on our sister site, <a href="https://estatenvy.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=these-10-cities-have-the-most-overpriced-homes-in-the-us-2716536" target="_blank" rel="nofollow">estatenvy.com</a>.The mass exodus of Americans moving from <a href="https://www.bankrate.com/mortgages/coronavirus-hurts-housing-affordability/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=these-10-cities-have-the-most-overpriced-homes-in-the-us-2716536" target="_blank" rel="nofollow">big cities</a> like Los Angeles and San Francisco amid COVID-19 resulted in a huge jump in home values in more affordable places, like Utah and Idaho. A <a href="https://www.fau.edu/newsdesk/articles/overvalued-homes-national.php?utm_source=1851franchise.com&utm_medium=article&utm_campaign=these-10-cities-have-the-most-overpriced-homes-in-the-us-2716536" target="_blank" rel="nofollow">recent study</a> now shows buyers are paying peak prices in some areas and could be stuck waiting a while for their home’s value to improve before seeing a return on their investment.&nbsp;According to researchers from <a href="https://business.fau.edu/departments/finance/real-estate-initiative/housing-market-ranking/housing-top-and-bottom-10/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=these-10-cities-have-the-most-overpriced-homes-in-the-us-2716536" target="_blank" rel="nofollow">FAU/FIU</a>, here are the 10 most overpriced housing markets in the U.S., along with the premiums — or the percent above their long-term pricing trend — being paid in each market:&nbsp;<ol><li>Boise, Idaho - 80.64%</li><li>Austin, Texas - 50.72%</li><li>Ogden, Utah - 49.70%</li><li>Provo, Utah - 46.16%</li><li>Detroit, Michigan - 45.57%</li><li>Spokane, Washington - 45.21%</li><li>Salt Lake City, Utah - 42.41%</li><li>Phoenix, Arizona - 42.31%</li><li>Las Vegas, Nevada - 41.88%</li><li>Stockton, California - 38.50%</li></ol>This means homes in Boise, Idaho, are currently selling for 80.64% higher than they should, when considering past home prices in that city.&nbsp;“In the Top 10 markets, potential buyers might want to consider renting and reinvesting money that they otherwise would have put into homeownership,” <a href="https://business.fau.edu/faculty-research/faculty-profiles/profile/kjohns91.php?utm_source=1851franchise.com&utm_medium=article&utm_campaign=these-10-cities-have-the-most-overpriced-homes-in-the-us-2716536" target="_blank" rel="nofollow">Ken H. Johnson</a>, Ph.D., a real estate economist and associate dean in FAU’s College of Business, said in a press release. “Renting and reinvesting has been shown to often outperform ownership in terms of wealth creation.”Not surprisingly, a tourist-dependent area like Urban Honolulu, Hawaii, is ranked 100th in the FAU/FIU survey, showing homes are selling for 4.93% lower than past home prices. The Aloha State’s housing and job market are still recovering from <a href="https://www.bankrate.com/mortgages/housing-hardship-index/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=these-10-cities-have-the-most-overpriced-homes-in-the-us-2716536" target="_blank" rel="nofollow">hard hits</a> during the pandemic.&nbsp;So, while homes in Hawaii <a href="https://www.civilbeat.org/2021/06/hawaiis-hot-housing-market-is-squeezing-out-renters/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=these-10-cities-have-the-most-overpriced-homes-in-the-us-2716536" target="_blank" rel="nofollow">still aren’t cheap</a>, now might be the time to make that big jump to the islands to get the most bang for your buck.

These 10 Cities Have the Most Overpriced Homes in the U.S.

1851 Franchise

Home values in metro areas like Boise and Austin skyrocketed in 2020, as throngs of people left major cities for less congested areas. Now, studies show that value might not hold.

these-10-cities-have-the-most-overpriced-homes-in-the-us

BooXkeeping

Max Emma Featured on the Cover of The Inc Magazine

Max Emma Featured on the Cover of The Inc Magazine’s “5 Most Pioneering Business Leaders to Follow in 2025”

max-emma-featured-on-the-cover-of-the-inc-magazines-5-most-pioneering-business-leaders-to-follow-in-2025

CapitalSpring

Graphic with orange chart and hand pointing at graph

CapitalSpring Closes on Initial $505 Million of $1 Billion Target just Two Months After the Launch of its Seventh Flagship Investment Fund 

capitalspring-closes-505m-fund-vii

Children's Lighthouse

How Families Are Building Brighter Futures Together With Children’s Lighthouse

how-families-are-building-brighter-futures-together-with-childrens-lighthouse

One Hour Heating and Air Conditioning

One Hour Heating & Air Conditioning Franchise - Paul and Will Harris - 1851 Franchise

Keeping the Crystal Coast Comfortable: How a Father-Son Duo Brought One Hour HVAC to Their Community

one-hour-heating-ac-franchise-paul-will-harris-crystal-coast

Caring Transitions

Caring Transitions: A Recession-Resistant Franchise Opportunity for Entrepreneurs

caring-transitions-a-recession-resistant-franchise-opportunity-for-entrepreneurs

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

AI-related job cuts, October U.S. job cuts, American job cut record

AI-Fueled Layoffs Reshape the U.S. Job Market — And Highlight Franchising’s Resilience

ai-job-cuts-franchising-path-forward

Crunch Fitness Franchise - Sixth Street Minority Stake - CR Fitness - 1851 Franchise

Sixth Street Takes Minority Stake in CR Fitness, the Largest Crunch Fitness Franchisee

cr-fitness-crunch-fitness-sixth-street-investment

houses, Why Top Franchises of 2025 Outperform Independent Businesses

Why the Top Franchises of 2025 Outperform Independent Businesses

how-franchises-outperform-independent-business-2025-tech-data

Photo of Happinest Brands teams standing together in front of branded vehicles

Happinest Brands Continues Strong 2025 Trajectory With Major Q3 Growth and Strategic Wins

happinest-brands-q3-franchise-growth

Franchise Owners Step Up To Support Communities During Government Shutdown - 1851 Franchise

Franchise Owners Step Up To Support Communities During Government Shutdown

franchise-community-support-shutdown

Senior Entrepreneurship - Franchising - 1851 Franchise

Senior Entrepreneurship Is Rising — And Franchising Is a Key Outlet

senior-entrepreneurship-franchising-silver-startups

Thursday 1851 Franchise Agg - NASAA’s Noncompete Push

NASAA’s Noncompete Push Puts Franchise Growth on Uncertain Ground

franchise-noncompete-nasaa-advisory-reasonableness-standard

image of jerome hanway from right at home Las Cruces, New Mexico 1851 franchise franchisee spotlight

Jerome Hanway Is Building His Right at Home Franchise Around His Mission To Serve

These 10 Cities Have the Most Overpriced Homes in the U.S.

MORE STORIES LIKE THIS