Advertiser Disclosure

10 Cities Where Home Prices Have Skyrocketed the Most Over the Past 10 Years

March 30, 2023

2 min Read

Written by Gabrielle Olya

Edited by Gary Dudak

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 YearsHelping You Live Richer

Reviewed by Experts

Trusted by Millions of Readers

Although the real estate market is finally cooling down, home prices around the country are still significantly higher than they were a decade ago. But some cities have seen higher rates of home price increases than others.

Point2 analyzed the median home prices in 187 U.S. metro areas in 2011 and 2021, and identified the cities where prices have skyrocketed the most. Here are the 10 cities with the largest price increases over the past decade.

10. Port St. Lucie, Florida

Median home price in 2011: $108,200
Median home price in 2021: $332,000
Percent increase: 206.8%

?

9. Las Vegas, Nevada

Median home price in 2011: $124,700
Median home price in 2021: $397,000
Percent increase: 218.3%

8. Atlanta, Georgia

Median home price in 2011: $98,600
Median home price in 2021: $317,200
Percent increase: 221.7%

7. Punta Gorda, Florida

Median home price in 2011: $97,500
Median home price in 2021: $315,000
Percent increase: 223.1%

6. Reno, Nevada

Median home price in 2011: $158,000
Median home price in 2021: $531,800
Percent increase: 236.6%

5. Cape Coral, Florida

Median home price in 2011: $102,900
Median home price in 2021: $360,000
Percent increase: 249.9%

4. Phoenix, Arizona

Median home price in 2011: $115,500
Median home price in 2021: $415,400
Percent increase: 259.7%

3. Naples, Florida

Median home price in 2011: $175,000
Median home price in 2021: $645,000
Percent increase: 268.6%

2. Boise, Idaho

Median home price in 2011: $115,400
Median home price in 2021: $468,600
Percent increase: 306.1%

1. Detroit, Michigan

Median home price in 2011: $53,800
Median home price in 2021: $245,700
Percent increase: 356.7%

More From GOBankingRates

All data is sourced from Point2.

BEFORE YOU GO

See Today's Best
Banking Offers