Top Rising Housing Markets
SmartAsset is out with its third annual list of the markets with the biggest rise in home values, and California came up big--again.
SmartAsset looked at Census Bureau data to rank the top 10 rising housing markets in America based on the five-year percentage point difference between population growth and housing growth, the five-year change in home values and the five-year change in median household incomes.
Key Findings
Rising markets populate California – Six of the top 10 rising housing markets are in California, amid its current housing affordability crisis. In two of these cities, the median value of homes increased by greater than 40%.
A mix of non-Western cities rank at the bottom – Only one Western city – La Cruces, New Mexico – ranks in the bottom 25 rising housing markets. Other than that, the bottom is a mix of Southern, Northeastern and Midwestern cities.
Rising markets populate California – Six of the top 10 rising housing markets are in California, amid its current housing affordability crisis. In two of these cities, the median value of homes increased by greater than 40%.
A mix of non-Western cities rank at the bottom – Only one Western city – La Cruces, New Mexico – ranks in the bottom 25 rising housing markets. Other than that, the bottom is a mix of Southern, Northeastern and Midwestern cities.
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