Forbes found 25 U.S. cities where home values are still rising over 10% year-over-year.
The Mountain division stands out notably among the top 25 cities. Six cities from the Mountain division — Pueblo, Colorado; Nampa, Idaho; Boise, Idaho; Santa Fe, New Mexico; North Las Vegas, Nevada; and West Valley City, Utah — all made the list of the top cities where home values have surged over the last year. Nampa, in fact, tops the list with 19.4% growth year-over-year in median home value, from $196,000 last May to $234,000 this year.
Following Nampa was Midland, Texas (17.2% growth), Boise (15.6%), Newark, N.J. (14/1%), and Paterson, N.J. (13.2%).
Advertisement
Related Stories
Housing Markets
Metros Where Housing Prices Have Doubled in Less Than 10 Years
Historical data show it's taken less than 10 years for home prices to double in 68 of the country’s 100 largest cities
Housing Policy + Finance
Even With Inflation Running Hot and Elevated Mortgage Rates, Buyer Demand Rises
Mortgage rates will likely stay high for the next few months, but that doesn't seem to be deterring homebuyers
Financing
Q1 2024 Foreclosure Activity Rises Slightly
Data show New York, Houston, and Chicago topping the list of major metros with the greatest number of foreclosure starts during Q1 2024