• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium

2

'The first time ever in my career': Senior Citi executive on why the ultrawealthy want to diversify away from America

3

Americans are quietly abandoning the daily habit that billionaires say set them up for success—and it could have lasting consequences

1

Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium

2

'The first time ever in my career': Senior Citi executive on why the ultrawealthy want to diversify away from America

3

Americans are quietly abandoning the daily habit that billionaires say set them up for success—and it could have lasting consequences
Real Estate

The nation’s 10 most overvalued housing markets face a new real estate world

By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
February 22, 2022, 11:25 AM ET
Add Fortune on Google for similar content.

Mortgage rates are nearly three-fourths of a percent higher than they were a year ago, and home prices rose nationwide by 18.8% annually in December, making it harder than ever to find an affordable place to live. But in some cities, it’s a lot harder to find a home than others.

Florida Atlantic University and Florida International University have once more ranked the nation’s most overvalued homes, and while Boise continues to top the list, two cities have seen notable leaps in the past two months.

Las Vegas, which was seventh on the list in December, has moved up to the No. 4 spot, as premiums in Sin City have jumped another 6%. Atlanta, meanwhile, jumped from 10th place to fifth, with a 7% increase in housing price premiums.

The study uses open-source data from Zillow and other providers to determine the estimated value of homes and compares that to expected sales prices. And the difference can be striking.

In Boise, for example, the Zillow Home Value Index (ZHVI) price is $506,060, while the expected price is $286,898, a premium of $219,162. Atlanta’s average premium came in at over $118,000. Austin saw a $214,514 difference. And Vegas averaged $141,657.

While some of these cities are still showing up on lists of the fastest-growing markets, researchers say the premium figures indicate housing prices in these areas are poised to flatten in the future, having neared or reached a peak of the current housing cycle. And sellers should brace themselves for a difficult time if they hope to get top dollar in the near future.

Here’s a look at the 10 most overvalued markets, and the amount they are currently overvalued by:

  1. Boise, Idaho – 76.39%
  2. Austin, Texas – 62.33%
  3. Ogden, Utah – 59.19%
  4. Las Vegas, Nev. – 53.68%
  5. Atlanta, Ga. – 52.34%
  6. Provo, Utah – 52.23%
  7. Phoenix, Ariz. – 51.95%
  8. Spokane, Wash. – 51.37%
  9. Salt Lake City, Utah – 49.66%
  10. Detroit, Mich. – 48.31%

Honolulu remains the most balanced market, with homes selling at just a 0.45% premium.

Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Real Estate

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Real Estate

Homes are in short supply in the U.S. How a new law could change the market
Real EstateHousing
Homes are in short supply in the U.S. How a new law could change the market
By Katy O'Donnell and BloombergJuly 11, 2026
11 hours ago
Trump undercuts GOP midterms message with snub of housing bill
PoliticsHousing
Trump undercuts GOP midterms message with snub of housing bill
By Katy O'Donnell and BloombergJuly 11, 2026
19 hours ago
Billionaires warned New York would scare off business. Anthropic and Airbnb just made their biggest bets on the city yet
Real EstateAnthropic
Billionaires warned New York would scare off business. Anthropic and Airbnb just made their biggest bets on the city yet
By Mia OsmonbekovJuly 10, 2026
2 days ago
Current ARM mortgage rates report for July 10, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for July 10, 2026
By Glen Luke FlanaganJuly 10, 2026
2 days ago
Current refi mortgage rates report for July 10, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for July 10, 2026
By Glen Luke FlanaganJuly 10, 2026
2 days ago
Mortgage rates today, July 10, 2026
Personal Financemortgages
Mortgage rates today, July 10, 2026
By Glen Luke FlanaganJuly 10, 2026
2 days ago

Most Popular

Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
Environment
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
By Sasha RogelbergJuly 10, 2026
2 days ago
'The first time ever in my career': Senior Citi executive on why the ultrawealthy want to diversify away from America
Banking
'The first time ever in my career': Senior Citi executive on why the ultrawealthy want to diversify away from America
By Nick LichtenbergJuly 11, 2026
23 hours ago
Americans are quietly abandoning the daily habit that billionaires say set them up for success—and it could have lasting consequences
Success
Americans are quietly abandoning the daily habit that billionaires say set them up for success—and it could have lasting consequences
By Preston ForeJuly 11, 2026
23 hours ago
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
Success
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
By Emma BurleighJuly 9, 2026
3 days ago
U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts
Economy
U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts
By Eleanor PringleJuly 10, 2026
2 days ago
The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
Middle East
The U.S. and Iran can't agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
By Jason MaJuly 11, 2026
10 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.