One answer to this question can be found in an analysis by researchers at Florida Atlantic University and Florida International University. Their study indicates that the 10 most overvalued cities in the U.S. as of mid-2022 are as follows, with the estimated percentage that their home prices exceed their real values: Boise City, Idaho, 73% Austin, Texas, 68% Ogden, Utah, 65% Las Vegas, Nevada, 61% Atlanta, Georgia, 58% Phoenix, Arizona, 58% Provo, Utah, 57% Fort Myers, Florida, 56% Spokane, Washington, 56% Salt Lake City, Utah, 56%