National home prices are soaring, as tight inventory and high demand — not to mention higher interest rates — are making it harder for consumers to buy homes.

Here's a look at the 12 markets where rising home prices, along with shifts in wages and interest rates, have combined to put the most downward pressure on consumers' purchasing power.

The data, from the First American Real House Price Index, measures home price changes, taking local income data and mortgage rates into account "to better reflect consumers' purchasing power and capture the true cost of housing." Index values are for the month of February and are set to equal 100 in January 2000.
No. 12: Richmond, Va.
Real Home Price Index: 77.14
Annual Change: 13.1%
No. 11: Chicago, Ill.
Real Home Price Index: 66.17
Annual Change: 13.2%
No. 10: Atlanta, Ga.
Real Home Price Index: 71.04
Annual Change: 13.2%
No. 9: Las Vegas, Nev.
Real Home Price Index: 75.14
Annual Change: 13.5%
No. 8: Tampa, Fla.
Real Home Price Index: 69.09
Annual Change: 13.5%
No. 7: Seattle, Wash.
Real Home Price Index: 85.52
Annual Change: 13.6%
No. 6: Orlando, Fla.
Real Home Price Index: 87.57
Annual Change: 13.7%
No. 5: Denver, Colo.
Real Home Price Index: 99.44
Annual Change: 15.4%
No. 4: Cincinnati, Ohio
Real Home Price Index: 64.90
Annual Change: 16.3%
No. 3: Charlotte, N.C.
Real Home Price Index: 68.67
Annual Change: 16.5%
No. 2: Milwaukee, Wis.
Real Home Price Index: 89.19
Annual Change: 17.3%
No. 1: Jacksonville, Fla.
Real Home Price Index: 93.36
Annual Change: 20.6%