Mortgage payments have grown the most in this U.S. city over the past 2 years—it's not New York or San Francisco

Mortgage payments have grown the most in this U.S. city over the past 2 years—it's not New York or San Francisco, putting the dream of owning property out of reach for many Americans. During that time, median mortgage payments rose from $2,319 to $2,835, per data provided by Redfin.However, not all cities are alike. Home prices vary widely depending on where you live, as does median household income.

Buyers seeking affordable homes have helped boost midwestern markets, too. Monthly payments increased in places like Ohio and Wisconsin, but are still well below the 2024 national median of $2,835.Here's a look where home costs grew the least percentage-wise in the last two years, according to Redfin data analyzed by CNBC:Spurred by remote workers looking for more spacious homes, Austin was the poster child of home price growth in 2021.

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