Metros That Saw the Most Home-Price Growth Over the Last Decade
Over the past 10 years, U.S. home values grew by more than 81%. At the same time, average hourly earnings grew by just 47%. In some parts of the U.S., home prices have grown even more over the past decade. Construction Coverage analyzed data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development to figure out which areas have been hit the hardest by home-price increases over the past decade.
Mountain West and New England states saw the most home-price growth
Idaho led all states in 10-year price appreciation with an increase of 137%, followed by New Hampshire at 114%, and then Maine at 110.8%. Meanwhile, Louisiana, North Dakota, and Alaska took the three bottom spots, with respective home-price gains of 17%, 25.1%, and 38.6%.
On a metro level, price growth was much more varied by region
At the metro level, price growth did not follow a specific trend. East Orange, N.J., saw the most growth, with an increase of 197.7%. This metro was followed by Pine Hills, Fla., at 187.6%, and then Miami Gardens, Fla., at 182.6%.
