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National Real Estate News: Cities Where Home Prices Rise Fastest

  • Writer: Debora Sanders
    Debora Sanders
  • Jan 27, 2022
  • 1 min read

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)

 
 
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Debora Sanders is a real estate salesperson licensed by the state of California affiliated with Sotheby's International Realty. Sotheby's International Realty is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting, or other professional advice outside the realm of real estate brokerage.

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