Most Overvalued US Housing Markets
US counties priced highest above what local incomes and rents imply at the typical US multiple (population 50k+). Data: Zillow ZHVI & US Census, refreshed monthly.
| # | County | Typical value | Metric |
|---|---|---|---|
| 1 | Santa Clara County, CA | $1,652,163 | +147% vs fundamentals |
| 2 | San Mateo County, CA | $1,609,425 | +140% vs fundamentals |
| 3 | Marin County, CA | $1,507,394 | +133% vs fundamentals |
| 4 | Eagle County, CO | $1,305,416 | +131% vs fundamentals |
| 5 | Orange County, CA | $1,197,200 | +124% vs fundamentals |
| 6 | Alameda County, CA | $1,084,730 | +108% vs fundamentals |
| 7 | Cape May County, NJ | $802,509 | +108% vs fundamentals |
| 8 | San Francisco County, CA | $1,394,147 | +106% vs fundamentals |
| 9 | Santa Cruz County, CA | $1,157,195 | +104% vs fundamentals |
| 10 | Bonner County, ID | $657,225 | +100% vs fundamentals |
| 11 | Apache County, AZ | $318,553 | +96% vs fundamentals |
| 12 | Los Angeles County, CA | $888,357 | +96% vs fundamentals |
| 13 | San Luis Obispo County, CA | $909,704 | +95% vs fundamentals |
| 14 | Santa Barbara County, CA | $1,005,298 | +95% vs fundamentals |
| 15 | Missoula County, MT | $580,423 | +93% vs fundamentals |
| 16 | Williamson County, TN | $921,518 | +92% vs fundamentals |
| 17 | Flathead County, MT | $649,719 | +91% vs fundamentals |
| 18 | Monroe County, FL | $966,757 | +89% vs fundamentals |
| 19 | San Diego County, CA | $946,356 | +89% vs fundamentals |
| 20 | Maui County, HI | $997,364 | +89% vs fundamentals |
| 21 | King County, WA | $866,580 | +86% vs fundamentals |
| 22 | Madison County, ID | $418,856 | +85% vs fundamentals |
| 23 | Napa County, CA | $890,643 | +85% vs fundamentals |
| 24 | Kootenai County, ID | $605,487 | +85% vs fundamentals |
| 25 | La Plata County, CO | $683,434 | +84% vs fundamentals |
| 26 | Monterey County, CA | $850,449 | +83% vs fundamentals |
| 27 | Coconino County, AZ | $628,947 | +79% vs fundamentals |
| 28 | Snohomish County, WA | $760,219 | +78% vs fundamentals |
| 29 | Kings County, NY | $948,173 | +78% vs fundamentals |
| 30 | Walton County, FL | $656,360 | +77% vs fundamentals |
| 31 | New York County, NY | $1,206,341 | +77% vs fundamentals |
| 32 | Gallatin County, MT | $705,755 | +76% vs fundamentals |
| 33 | Whatcom County, WA | $620,857 | +75% vs fundamentals |
| 34 | Boulder County, CO | $727,957 | +74% vs fundamentals |
| 35 | Island County, WA | $645,942 | +73% vs fundamentals |
| 36 | Essex County, NJ | $668,383 | +73% vs fundamentals |
| 37 | Ventura County, CA | $883,043 | +73% vs fundamentals |
| 38 | Sonoma County, CA | $796,802 | +72% vs fundamentals |
| 39 | Benton County, OR | $562,800 | +71% vs fundamentals |
| 40 | Honolulu County, HI | $851,187 | +69% vs fundamentals |
| 41 | Watauga County, NC | $514,293 | +69% vs fundamentals |
| 42 | Chelan County, WA | $539,975 | +66% vs fundamentals |
| 43 | Salt Lake County, UT | $577,135 | +66% vs fundamentals |
| 44 | Barnstable County, MA | $764,673 | +66% vs fundamentals |
| 45 | Deschutes County, OR | $672,290 | +66% vs fundamentals |
| 46 | Clackamas County, OR | $620,011 | +62% vs fundamentals |
| 47 | Essex County, MA | $730,378 | +62% vs fundamentals |
| 48 | Lewis County, WA | $437,550 | +62% vs fundamentals |
| 49 | Humboldt County, CA | $430,890 | +61% vs fundamentals |
| 50 | Charleston County, SC | $617,247 | +60% vs fundamentals |
Frequently asked questions
Which county ranks #1 on the most overvalued us housing markets?
Santa Clara County, CA — +147% vs fundamentals, typical value $1,652,163.
How often are these rankings updated?
Monthly — rebuilt from Zillow ZHVI home values plus US Census income and rent data each refresh.