This city is often mentioned as one of the hottest housing markets in the U.S. during the COVID-19 pandemic. The influx of people from major cities on the West Coast, including California, significantly impacted the market.

In early 2021, the median home price was around $430,000, and as of 2026, it is estimated to be around $530,000. The cumulative increase over five years is calculated to be about 23%.

Looking at the yearly trends, prices reached new highs almost every month until the first half of 2022, but adjustments occurred in the second half of 2022 as interest rates began to rise. In 2023, there were periods of price stagnation or slight declines, and after 2024, a gradual upward trend resumed.

Compared to the national average cumulative increase of 35-45% over five years, this area may seem lower, but this is somewhat misleading as prices had already risen significantly by 2021. Including the initial surge at the start of the pandemic, the actual cumulative increase is much larger.

The influx of population and the spread of remote work in tech companies were key factors behind the initial surge, and later, limited new land supply and economic diversification in the region supported prices.

Future trends should be observed cautiously. As the influx of remote work is not as strong as before, there is a possibility of a trend that oscillates between gradual adjustments and stability rather than steep increases like in the past.

For Korean households considering moving to another state, the fact that this area still offers relatively reasonable prices compared to the West is attractive, but it is also important to consider that prices have already risen significantly in recent years.