The purpose of this dashboard is to provide a comprehensive historical overview of home price valuations across the ACM 60-City Home Price Index, calculated using the Adkins Valuation Methodology. The Justified Mortgage Loan Interest Rate represents the 30-year fixed rate at which the median home price for a city is exactly justified by local median household income at the 28% threshold. The Justified Percentage of Household Income represents the actual share of income required to carry the mortgage at the prevailing national rate.
Use the interactive tools below to explore how each city's valuation has evolved from 1996 through today — spanning the early 2000s housing boom, the 2008 financial crisis and its aftermath, the post-pandemic price surge, and the current rate environment.
Top 5 Overpriced & Underpriced Cities by Month
Use the slider below to move through history and see which cities were most overpriced and most underpriced at any given month from 1996 to present.
Justified Income % — Historical Trend by City
Select up to 5 cities to compare their valuation history. The horizontal lines show the ACM rating thresholds — Underpriced (≤22%), Fair Value (22–28%), Overpriced (28–38%), Severely Overpriced (>38%). Cities crossing the 28% line have moved from fair value to overpriced territory.
Today's Top 5 Most Overpriced & Underpriced
| Rank | City | ZHVI | Income Used | Justified Rate | Rating |
|---|---|---|---|---|---|
| 1 | Newark, NJ | $558,900 | 83.5% | — | Severely Overpriced |
| 2 | Buffalo, NY | $502,162 | 75.6% | — | Severely Overpriced |
| 3 | Los Angeles, CA | $765,036 | 63.0% | — | Severely Overpriced |
| 4 | Honolulu, HI | $823,970 | 57.2% | 0.41% | Severely Overpriced |
| 5 | Bridgeport, CT | $425,333 | 54.4% | 0.75% | Severely Overpriced |
| Rank | City | ZHVI | Income Used | Justified Rate | Rating |
|---|---|---|---|---|---|
| 1 | Fargo, ND | $280,510 | 21.9% | 8.55% | Underpriced |
| 2 | Oklahoma City, OK | $216,242 | 23.4% | 7.80% | Fair Value |
| 3 | Charleston, SC | $300,562 | 24.1% | 7.50% | Fair Value |
| 4 | Des Moines, IA | $227,764 | 25.8% | 6.85% | Fair Value |
| 5 | Little Rock, AR | $219,754 | 26.2% | 6.67% | Fair Value |