Realtor.com®’s research team analyzed 300 of the nation’s largest metros between September 2014 and September 2017 to find which markets have seen the largest increases in median list prices over that period. Researchers looked at the percentage change—not total dollar uptick—over one-, three-, and five-year periods. Half of these markets are in the Midwest and the numbers are quite dramatic!
The following markets have seen the highest home appreciation, according to realtor.com®:
1. Omaha, Neb.
Median home list price: $259,400
1-year percentage change: 20.7%
3-year percentage change: 62.1%
5-year percentage change: 73.5%
2. Santa Maria, Calif.
Median home list price: $1,363,000
1-year percentage change: 20.9%
3-year percentage change: 59.6%
5-year percentage change: 95%
3. Charlotte, N.C.
Median home list price: $327,600
1-year percentage change: 10.7%
3-year percentage change: 59.4%
5-year percentage change: 82.9%
4. Grand Rapids, Mich.
Median home list price: $249,900
1-year percentage change: 8.7%
3-year percentage change: 56.4%
5-year percentage change: 72.5%
5. College Station, Texas
Median home list price: $314,900
1-year percentage change: 2.4%
3-year percentage change: 55.5%
5-year percentage change: 85.3%
6. Lexington, Ky.
Median home list price: $269,900
1-year percentage change: 14.9%
3-year percentage change: 53.1%
5-year percentage change: 61.7%
7. New Orleans, La.
Median home list price: $274,500
1-year percentage change: 9.8%
3-year percentage change: 52.5%
5-year percentage change: 62.4%
Source: “Liftoff! 10 Surprising U.S. Cities Where Home Values Are Skyrocketing,” realtor.com® (Nov. 6, 2017)