Cities Experience Soaring Home Prices Over Decades: Check Out the List

Cities Experience Soaring Home Prices: Although the real estate market seems to be finally cooling off, rising property prices have been a distinguishing feature of the previous economic landscape.

U.S. house prices have increased by more than 100% throughout the last ten years, which includes recovery periods from both the Great Recession and the COVID-19 pandemic.

The affordability of housing has decreased, while homeowners’ real estate wealth has increased significantly.

Even if the COVID-19 epidemic and other special circumstances contributed to some of the recent price hikes, above-average house price growth is a common occurrence during economic downturns.

Nationwide disparities exist in the post-recession economic recovery trajectory, which has persisted after the conclusion of the COVID-19 epidemic and the Great Recession.

Cities With the Largest Increase in Home Prices

The rise in housing prices over the last ten years in the largest American cities is broken out here. Construction Coverage performed the analysis using Zillow data.

1. Michigan’s Detroit

• The median house price changed by +217.9% as a percentage.
• Change in median house price as an absolute: +$45,156
• In 2023, the median house price is $65,875
• The 2013 median property price was $20,720.
• $36,453 is the median household income.

2. Florida’s Tampa

• Change in the median house price as a percentage: +206.8%
• The median house price changed by a total of +$264,194
• $391,949 is the median house price in 2023.
• The 2013 median house price was $127,755.
• $71,089 is the median household income.

3. Texas, Dallas

• Percentage change in median home price: +175.0%
• Absolute change in median home price: +$195,279
• Median home price (2023): $306,877
• Median home price (2013): $111,598
• Median household income:

4. Arizona’s Phoenix

• The median house price changed by +160.4% as a percentage.
• The median house price changed by a total of +$256,898.
• $417,088 is the median house price in 2023.
• 2013 median house price: $160,190
• $75,969 is the median household income.

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5. Tennessee’s Nashvill

• The median house price changed by +155.6% as a percentage.
• The median house price changed by a total of +$261,549
• $429,617 is the median house price in 2023.
• 2013 median house price: $168,068
• $71,767 is the median household income.

6. Texas’s Fort Worth

• The median house price changed by +152.7% as a percentage.
• Change in median house price as an absolute: +$184,584
• $305,461 is the median house price in 2023.
• The 2013 median house price was $120,877.
• $71,527 is the median household income.

7. Florida’s Jacksonville

• The median house price changed by +151.9% as a percentage.
• The median house price changed by a total of +$177,903.
• $295,018 is the median house price in 2023.
• 2013 median house price: $177,115
• $693,309 is the median household income.

8. Arlington, Texas

• The median house price changed by +151.3% as a percentage.
• The median house price changed by an absolute of $189,254
• $314,327 is the median house price in 2023.
• 2013 median house price: $125,073
• $704,433 is the median household income.

9. North Carolina

• The median house price changed by +151.0% as a percentage.
• The median house price changed by a total of $232,516.
• $386,502 is the median house price in 2023.
• 2013 median house price: $153,986
• $74,401 is the median household income.

10. Denver, Colorado

• The median house price changed by +148.5% as a percentage.
• Change in median house price as an absolute: +$283,361
• $474,216 is the median house price in 2023.
• 2013 median house price: $190,855.
• $81,395 is the median household income.

11. Columbus, Ohio

• The median house price changed by +148.1% as a percentage.
• Change in median house price as an absolute: +$143,141
• $239,781 is the median house price in 2023.
• 2013 median house price: $96,640
• $61,727 is the median household income.

12. Georgia, Atlanta

• The median house price changed by +147.8% as a percentage.
• The median house price changed by a total of +$226,844.
• $380,298 is the median house price in 2023.
• 2013 median house price: $153,454
• $83,251 is the median household income.

13. Indianapolis, IN

• The median house price changed by +147.0% as a percentage.
• The median house price changed in absolute terms by $131,529
• In 2023, the median house price is $221,009.
• 2013 median house price: $89,480
• $61,501 is the median household income.

14. Tennessee’s Memphis

• The median house price changed by +145.9% as a percentage.
• The median house price changed by an absolute of +$87,638.
• $203,725 is the median house price in 2023.
• The 2013 median house price was $60,087.
• $50,622 is the median household income.

15. Mesa, Arizona

• Change in the median house price as a percentage: +144.5%
• The median house price changed by a total of $255,032
• $431,563 is the median house price in 2023.
• 2013 median house price: $176,531.
• $79496 is the median household income.