Home prices in the Houston metro area continue to rise amid limited housing supply, though growth has slowed due to higher mortgage rates. The typical U.S. home value is $371,757. Bellaire leads with a 3.4% increase and a typical home value of $1,183,035. Beach City follows with a 3.8% rise and $570,600 value. Other cities show varied increases, with some exceeding 8% growth over the past year.