AdvisorSmith Finds the Cities Where Housing Prices Have Increased the Most
To find these cities, AdvisorSmith studied housing price data over two years between May 2019 and May 2021 to understand the most significant changes in housing prices nationally.
AdvisorSmith determined the increase in housing prices by using home price data by the Zillow Home Value Index, which measures the value of a typical home in cities around the nation.
The study considered the impact of home price changes among two and three-bedroom homes, which are the two most common housing unit sizes in the United States.
The study also segmented cities based on population density. Large cities were those with at least 350,000 residents. Midsize cities were cities with between 100,000 and 350,000 residents. Small cities were those with between 10,000 and 100,000 residents.
Within each population band, they ranked the cities by increasing (or decreasing) in housing prices over the two-year study period to find the cities where housing prices have increased the most.
Over the study period, home price growth was solid nationwide, with prices growing on average 18.7 percent nationwide.
The small, midsize, and large cities where housing prices increased the most were Highland Park, MI; Nampa, ID; and Mesa, AZ.
The small, midsize, and large cities where housing prices increased the least were Longview, TX; Midland, TX; and New York, NY.
To view the complete study, visit https://advisorsmith.com/
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