Single-Family Home Prices Had Positive Price Gains in 77% of 230 Metro Areas in 2025 Q3

In Q3 2025, national median home prices rose 1.7% to $426,800, with monthly mortgage payments increasing 2.1% to $2,187. The effective 30-year fixed mortgage rate decreased slightly to 6.63%. Median family incomes rose to $106,029. Qualifying incomes for mortgages vary by down payment, with the West requiring the highest and the Midwest the lowest. Several metro areas showed strong price growth, including Owensboro, KY, and San Jose, CA.