Home Values in This Texas City Are the Fastest-Growing in the Country
Realtor.com unearths some unexpected real estate boom towns.
After taking a deep dive into the numbers, Realtor.com has revealed the U.S. cities with the fastest rising home prices — and the results may surprise you.
To detemine which cities had the quickest growing home values, the real estate website's data team looked at the increase in median list prices on realtor.com between September 2017 and September 2018 in the country's 300 biggest metropolitan areas (which includes surrounding towns and cities, in addition to the main urban center). From those findings, they ranked the locales that had the biggest upward tick in home prices during that time period. To make sure there was geographic diversity, Realtor.com also limited their list to two metro areas per state.
So which cities are enjoying the biggest real estate booms? The top three are actually all in our region of the country, with the top two in Texas, and number three in Florida.
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In first place is the town of Odessa, Texas, which saw a 34.4% year-over-year gowth in home value appreciation, with a median listing price of $271,400. Second goes to another Lone Star riser, Wichita Falls, Texas with a median list price of $140,000, representing a 27.2% spike in home values. Rounding out the top three is Homosassa Springs, Florida with a median list price of $225,100, and tracking with a 22.1% year-over-year home value increase. The top 10 also included the Southern cities of Bowling Green, Kentucky (#6) and Burlington, North Carolina (#7).
Key takeaway: If you're looking to make an investment or settle down your roots in Texas, Florida, Kentucky, or North Carolina, you may want to zoom in on these stellar spots.
Read the full list here.