15 Housing Markets That Are Most Likely To Keep Their Value

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Houses in Round Rock, Texas
Roschetzky Photography / Shutterstock.com

A combination of soaring mortgage rates and already-high housing prices has softened demand for homes in many parts of the country.

That new reality has left many homeowners wondering if the value of their homes is about to tumble. Indeed, prices are falling in some areas.

However, in some markets, a major downturn in housing prices is unlikely.

Recently, financial website SmartAsset pored over data from 1998 to 2022 in 400 metro areas to determine which housing markets are poised for the most stable growth based on their history of solid price gains.

Following are the top markets they identified.

15. San Angelo, Texas

San Angelo, Texas
paulthefreeman / Shutterstock.com

Total home price growth from 1998 through 2022: 195.11%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 0%, based on the historical data

Nestled on the banks of the Concho River, San Angelo is a city of 100,000 that has earned praise as a great place to both work and retire.

14. Fort Worth-Arlington-Grapevine, Texas

longhorn cattle parading through the street Fort Worth Stockyards horseback riders
Ceri Breeze / Shutterstock.com

Total home price growth from 1998 through 2022: 201.68%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 1%, based on the historical data

Fort Worth has quietly become the 12th-largest city in the U.S. It’s also home to the world’s only twice-daily cattle drive. As Visit Forth Worth explains it:

“Real Texas cowhands drive a herd of Texas longhorns down East Exchange Avenue in the Stockyards National Historic District every day at 11:30 a.m. and 4 p.m. Every detail of the cattle drive — from the saddles and chaps to the boots and hats — is authentic and historically true.”

13. Waco, Texas

Waco, Texas
Trong Nguyen / Shutterstock.com

Total home price growth from 1998 through 2022: 196.93%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 0%, based on the historical data

In Waco, Texas, you can spend a day at the Texas Ranger Hall of Fame and Museum as well as the Texas Sports Hall of Fame and and relax afterward with a Dr Pepper, which was invented here.

12. Bismarck, North Dakota

North Dakota Capitol
Ace Diamond / Shutterstock.com

Total home price growth from 1998 through 2022: 198.19%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 0%, based on the historical data

The capital of North Dakota is a site on the Lewis and Clark National Historic Trail, where in October 1804 the Corps of Discovery camped along the Missouri River. Today the river separates Bismarck from the town of Mandan.

11. Billings, Montana

Billings Montana
Gary C. Tognoni / Shutterstock.com

Total home price growth from 1998 through 2022: 198.53%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 0%, based on the historical data

Billings is known as the gateway to Yellowstone National Park, America’s first national park. Also nearby are Little Bighorn Battlefield National Monument and Pompeys Pillar National Monument.

10. Houston-The Woodlands-Sugar Land, Texas

Houston homes neighborhood
Stephanie A Sellers / Shutterstock.com

Total home price growth from 1998 through 2022: 203.9%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 0%, based on the historical data

Houston is a city that draws people from all over the country. It’s also among the “15 Cities With the Most Productive Workers.”

9. San Antonio-New Braunfels, Texas

San Antonio in winter
lise Vanasse / Shutterstock.com

Total home price growth from 1998 through 2022: 204.11%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 0%, based on the historical data

San Antonio has a vibrant economy. It is also home to attractions such as the Alamo, SeaWorld San Antonio and Six Flags Fiesta Texas.

8. Dallas-Plano-Irving, Texas

Dallas, Texas Homes
Trong Nguyen / Shutterstock.com

Total home price growth from 1998 through 2022: 213.13%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 1%, based on the historical data

By this time, you might have noticed a pattern: Texas cities are dominating this list. The Lone Star State has seen more newcomers than any other state for well over a decade.

7. Odessa, Texas

Odessa, Texas
Kevin Waller / Shutterstock.com

Total home price growth from 1998 through 2022: 226.49%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 3%, based on the historical data

The oil industry is king in Odessa. The city is also home to Jack Ben Rabbit, an 8-foot-tall statue of a jackrabbit.

6. Rapid City, South Dakota

Houses in Rapid City, South Dakota
GagliardiPhotography / Shutterstock.com

Total home price growth from 1998 through 2022: 208.9%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 0%, based on the historical data

A hidden gem in western South Dakota, just east of Black Hills National Forest, Rapid City is located about a half-hour from the Mount Rushmore National Memorial. Last year, it finished at No. 1 on the list of “10 Smaller Housing Markets That Are Now Red-Hot.”

5. Kennewick-Richland, Washington

Tri-Cities Cable Bridge, Washington
Mark Prytherch / Shutterstock.com

Total home price growth from 1998 through 2022: 211.07%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 0%, based on the historical data

This area is part of the Tri-Cities region, which actually has four cities, also including Pasco and West Richland. Since 2000, it has been the fastest-growing area in the state of Washington.

4. Fort Collins, Colorado

Fort Collins,
marekuliasz / Shutterstock.com

Total home price growth from 1998 through 2022: 224.17%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 2%, based on the historical data

The beauty of the Rocky Mountains and educational opportunity — Colorado State University is here — make this an attractive place to live.

3. Boulder, Colorado

Boulder, Colorado
randy andy / Shutterstock.com

Total home price growth from 1998 through 2022: 256.48%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 1%, based on the historical data

Boulder is the historic home of the University of Colorado, which now has four campuses across the state. It also finished No. 1 on the list of “The Top 10 Cutting-Edge U.S. Metros.”

2. Midland, Texas

Midland, Texas skyline
NaturallyKristina / Shutterstock.com

Total home price growth from 1998 through 2022: 255.5%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 0%, based on the historical data

This West Texas city lies halfway between Fort Worth and El Paso and is a great base for exploring the Big Bend National Park region.

1. Austin-Round Rock-Georgetown, Texas

Row houses in Austin, Texas
Tricia Daniel / Shutterstock.com

Total home price growth from 1998 through 2022: 353.92%

Chance of experiencing a significant price decline within 10 years of purchasing a home: 2%, based on the historical data

Even with the incredible price growth in the Austin area over the past 25 years — more than 350% — droves of newcomers and new businesses help support housing prices and keep the future looking bright.

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