Where home values are falling: Florida cities lead in losses, New Orleans in gains

RateZip’s Home Value Movers, September 2026 edition: between the August 1, 2026 baseline and the September 1, 2026 refresh, median tracked home values fell 1.5% in Palm Bay, FL and 0.7% in New Port Richey, FL, while New Orleans, LA (+4.7%) and Pittsburgh, PA (+3.8%) posted the largest gains.

In RateZip’s tracked markets, 6 of the 10 largest city-level declines are in Florida, led by Palm Bay, FL at −1.5%. The gains side of the table is spread across 7 states (Louisiana, Pennsylvania, Texas, Florida, Delaware, Missouri and Illinois), led by New Orleans, LA at +4.7%. Even within Florida the picture splits: Miami posted one of the 10 largest gains (+3.2%).

The 10 biggest declines

The 10 biggest gains

Figures are the median percent change in estimated home value across the properties RateZip tracks in each city, matched property-by-property between the August 1, 2026 baseline and the September 1, 2026 refresh. A city is ranked only when it has a sufficient tracked-property sample (30+ homes); 101 cities qualified this edition.

Homes bought since 2022

Across every city RateZip tracks, the median home last purchased in 2022 or later is now +5.9% versus its recorded purchase price, and 30% of those homes carry an estimated value below what their owners paid.

By city, ranked from the weakest median outcome for 2022-and-later buyers: median change versus purchase price, and the share of those homes now valued below it:

Cohort figures cover properties whose last arms-length purchase closed on or after January 1, 2022, each read at its most recent valuation observation between July 23, 2026 and September 1, 2026; the same 30+ homes floor applies to every published figure.

About this edition

The September 2026 edition of Home Value Movers compares RateZip’s August 1, 2026 and September 1, 2026 valuation refreshes, a 31-day window, from county-record and valuation data across the properties we track. The series refreshes monthly…

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