West Coast dominates the List
We looked at Census Bureau data to rank the top 10 rising housing markets in America, considering the five-year change in home values and the five-year change in median household incomes.
Their key findings:
- Six of the top 10 rising housing markets are in California, amid its current housing affordability crisis leads our Show Prep.
- In two of these cities, the median value of homes increased by greater than 40%.
- Zillow estimates the median home in the U.S. (Nationally) is worth $225-thousand, up from $148-thousand in January of 2012. That’s seven years and a gain of more than 52% in just seven years.