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%
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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%
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All data is sourced from Point2.