5 Cities Where Home Prices Are Rising Despite the High Mortgage Rates

In this article, we will take a look at the 5 cities where home prices are rising despite the high mortgage rates. If you wish to see our detailed analysis, you can go to 25 Cities Where Home Prices Are Rising Despite the High Mortgage Rates.

5. Helena, Arkansas

Year-Over-Year Median List Price Increase: 68.6%

As reported by Realtor, Helena recorded a 68.6% year-over-year increase in its median list price. As of November, the median list price in the city is $108,750. Hence, Helena is another city with increasing home prices.

4. Natchitoches, Louisiana

Year-Over-Year Median List Price Increase: 69.7%

As of November, the median list price in Natchitoches is as high as $322,450. The city has experienced an increase in the median list price by 69.7% since November 2022. Hence, home prices are rising in Natchitoches despite the high mortgage rates.

3. Effingham, Illinois

Year-Over-Year Median List Price Increase: 75.1%

With an increase of 75.1% in the median list price since last November, Effingham ranks as one of the US cities with rising home prices. As of November, the median list price in the city is $285,700.

2. Wahpeton, North Dakota

Year-Over-Year Median List Price Increase: 80.5%

Wahpeton also ranks among those cities where home prices have been soaring. As of November, the median list price in the city is $429,900. This price has experienced an 80.5% increase since last November.

1. Clarksdale, Mississippi

Year-Over-Year Median List Price Increase: 109.6%

Clarksdale recorded a year-over-year increase in its median list price by 109.6%. This ranks the city at the top of the 25 cities where home prices are rising despite high mortgage rates. As of November, the median list price of a house in Clarksdale is $98,488.

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