Cities where home prices are hitting new highs

Home value now*: $156,100
Housing boom peak: $142,100

Another city dominated by the oil and energy industry, Houston's housing market has moved in tandem with that of Dallas.

Prices stayed reasonable, even as they bubbled -- and burst -- elsewhere in the country, according to Humphries. Few regulatory barriers and lots of inexpensive land in the area helped to keep building costs low and housing inventory plentiful, he said.

But rapid population growth -- the number of residents grew 6.6% between 2010 and 2013 -- has put pressure on home prices.

Values have already surpassed their 2007 peak of $142,000 -- and Zillow expects them to keep climbing at a steady rate.

First published April 22, 2014: 7:03 PM ET

Source: Zillow
Zillow home values are the median estimated home value for a given geographic area in March 2014, and includes the value of all single-family residences, condominiums and cooperatives, regardless of whether they sold within a given period. It is expressed in dollars, and seasonally adjusted.

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