15 Cities With the Largest Increase in Home Prices Over the Last Decade

Editor's Note: This story originally appeared on Construction Coverage.

While the real estate market appears to finally be cooling down, home price growth has been a defining economic trend in recent years.

Over the past decade, which has included recoveries from both the Great Recession and the COVID-19 recession, U.S. home values grew by more than 100%.

Housing affordability has taken a hit, while homeowners have seen substantial gains in their real estate wealth.

While recent price increases were amplified by unique factors related to the COVID-19 pandemic, above-average home price growth is a recurring trend in the aftermath of economic recessions.

The trajectory of economic recovery post-recession is uneven across the nation, and this trend has held true in the wake of both the Great Recession and the COVID-19 pandemic.

The following is a breakdown of 10-year home price growth across America’s major cities. The analysis was conducted by Construction Coverage using data from Zillow.

1. Detroit, MI

• Percentage change in median home price: +217.9%
• Absolute change in median home price: +$45,156
• Median home price (2023): $65,875
• Median home price (2013): $20,720
• Median household income: $36,453

2. Tampa, FL

• Percentage change in median home price: +206.8%
• Absolute change in median home price: +$264,194
• Median home price (2023): $391,949
• Median home price (2013): $127,755
• Median household income: $71,089

3. Dallas, TX

• Percentage change in median home price: +175.0%
• Absolute change in median home price: +$195,279
• Median home price (2023): $306,877
• Median home price (2013): $111,598
• Median household income: $65,400

4. Phoenix, AZ

• Percentage change in median home price: +160.4%
• Absolute change in median home price: +$256,898
• Median home price (2023): $417,088
• Median home price (2013): $160,190
• Median household income: $75,969

5. Nashville, TN

• Percentage change in median home price: +155.6%
• Absolute change in median home price: +$261,549
• Median home price (2023): $429,617
• Median home price (2013): $168,068
• Median household income: $71,767

6. Fort Worth, TX

• Percentage change in median home price: +152.7%
• Absolute change in median home price: +$184,584
• Median home price (2023): $305,461
• Median home price (2013): $120,877
• Median household income: $71,527

7. Jacksonville, FL

• Percentage change in median home price: +151.9%
• Absolute change in median home price: +$177,903
• Median home price (2023): $295,018
• Median home price (2013): $117,115
• Median household income: $69,309

8. Arlington, TX

• Percentage change in median home price: +151.3%
• Absolute change in median home price: +$189,254
• Median home price (2023): $314,327
• Median home price (2013): $125,073
• Median household income: $70,433

9. Charlotte, NC

• Percentage change in median home price: +151.0%
• Absolute change in median home price: +$232,516
• Median home price (2023): $386,502
• Median home price (2013): $153,986
• Median household income: $74,401

10. Aurora, CO

• Percentage change in median home price: +148.5%
• Absolute change in median home price: +$283,361
• Median home price (2023): $474,216
• Median home price (2013): $190,855
• Median household income: $81,395

11. Columbus, OH

• Percentage change in median home price: +148.1%
• Absolute change in median home price: +$143,141
• Median home price (2023): $239,781
• Median home price (2013): $96,640
• Median household income: $61,727

12. Atlanta, GA

• Percentage change in median home price: +147.8%
• Absolute change in median home price: +$226,844
• Median home price (2023): $380,298
• Median home price (2013): $153,454
• Median household income: $83,251

13. Indianapolis, IN

• Percentage change in median home price: +147.0%
• Absolute change in median home price: +$131,529
• Median home price (2023): $221,009
• Median home price (2013): $89,480
• Median household income: $61,501

14. Memphis, TN

• Percentage change in median home price: +145.9%
• Absolute change in median home price: +$87,638
• Median home price (2023): $147,725
• Median home price (2013): $60,087
• Median household income: $50,622

15. Mesa, AZ

• Percentage change in median home price: +144.5%
• Absolute change in median home price: +$255,032
• Median home price (2023): $431,563
• Median home price (2013): $176,531
• Median household income: $79,496

Methodology

The data used in the study comes from Zillow.

To find the cities with the largest increase in home prices, researchers at Construction Coverage compared each city’s median home price in 2013 and 2023.

Cities were then ordered by their respective percentage change in median home price over those 10 years.

Cities with less than 100,000 residents were not included in this analysis.

Additionally, researchers used the latest U.S. Census Bureau’s “American Community Survey” data to find median household income and population data for each city.