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All across the U.S., the rise in home prices is far outpacing inflation. Home prices have increased by 1,608% since 1970, while inflation has increased by 644%, according to the online real estate calculator resource, Anytime Estimate. If home prices grew at the same rate as inflation since 1970, the median home price today would be just $177,788 — in actuality, it’s $408,100.
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But home prices are not rising at the same rate everywhere, and some cities are seeing the effects of home price inflation more than others. Here’s a look at the cities with the highest and lowest home price inflation since 2000, as identified by Anytime Estimate.
Anytime Estimate tracked the changes in home values for the 50 biggest metros in the U.S. from 2000 to 2022, and these 10 cities had the lowest home price inflation. Only eight cities have seen home prices increase less than 100% over the last 22 years.
Homes have increased in value by more than 200% since 2000 in 13 cities, Anytime Estimate found. And one state — California — is home to six of the top 10 cities with the highest home price inflation. Here’s a look at the full ranking of the top 10 cities for home price inflation.
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