15 Housing Markets with the Biggest Price Increases of the Decade

A lot can change over the course of a decade, especially the housing industry. The 2010s began deep in the throes of the Great Recession and wraps up with a continued economic expansion.

Of course, just like any other facet of commerce, change hit different metro areas at contrasting speeds.

“The housing market is ending the decade in a vastly different place than it began,” Daryl Fairweather, Redfin chief economist, said in the report. “In 2010, the market was in the middle of its greatest downturn in history: Home values were plummeting and the share of mortgages in delinquency was at an all-time high. Heading into 2020, home values have recovered along with the economy, and now many parts of the country are grappling instead with new challenges like high home prices and a lack of homes for sale.”

From the heart of Texas to the coast of Florida, here’s a look at the 15 housing markets that experienced the largest home price growth of the last 10 years, according to Redfin.

For the analysis, Redfin looked at the 50 most populated metro areas and compared the median home price at the beginning of the decade with the end. Additionally, it also analyzed annual median income growth, the change in homes for sale and seasonally adjusted median days on market.

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No. 15 Fort Worth, TexasMedian home price increase 2010 to 2019: 9%
Annual median income growth 2010 to 2019: 1.9%
Seasonally adjusted median home price Oct. 2019: $253,890

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No. 14 Dallas, TexasMedian home price increase 2010 to 2019: 9.1%
Annual median income growth 2010 to 2019: 1.9%
Seasonally adjusted median home price Oct. 2019: $301,925

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No. 13 Los Angeles, Calif.Median home price increase 2010 to 2019: 9.2%
Annual median income growth 2010 to 2019: 1.3%
Seasonally adjusted median home price Oct. 2019: $644,176

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No. 12 Sacramento, Calif.Median home price increase 2010 to 2019: 10.1%
Annual median income growth 2010 to 2019: 1%
Seasonally adjusted median home price Oct. 2019: $413,333

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No. 11 San Francisco, Calif.Median home price increase 2010 to 2019: 10.4%
Annual median income growth 2010 to 2019: 3.2%
Seasonally adjusted median home price Oct. 2019: $1,409,749

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No. 10 Atlanta, Ga.

Median home price increase 2010 to 2019: 10.6%
Annual median income growth 2010 to 2019: 1%
Seasonally adjusted median home price Oct. 2019: $251,011

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No. 9 Miami, Fla.Median home price increase 2010 to 2019: 10.8%
Annual median income growth 2010 to 2019: 0.9%
Seasonally adjusted median home price Oct. 2019: $313,811

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No. 8 Denver, Colo.Median home price increase 2010 to 2019: 11.2%
Annual median income growth 2010 to 2019: 2.8%
Seasonally adjusted median home price Oct. 2019: $424,051

Denver

No. 7 San Jose, Calif.Median home price increase 2010 to 2019: 11.4%
Annual median income growth 2010 to 2019: 3.2%
Seasonally adjusted median home price Oct. 2019: $1,079,022

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No. 6 Phoenix, Ariz.Median home price increase 2010 to 2019: 12.4%
Annual median income growth 2010 to 2019: 0.8%
Seasonally adjusted median home price Oct. 2019: $286,319

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No. 5 Oakland, Calif.Median home price increase 2010 to 2019: 12.5%
Annual median income growth 2010 to 2019: 3.2%
Seasonally adjusted median home price Oct. 2019: $743,678

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No. 4 Orlando, Fla.Median home price increase 2010 to 2019: 13%
Annual median income growth 2010 to 2019: 0.5%
Seasonally adjusted median home price Oct. 2019: $259,723

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No. 3 Las Vegas, Nev.Median home price increase 2010 to 2019: 14.1%
Annual median income growth 2010 to 2019: -0.3%
Seasonally adjusted median home price Oct. 2019: $288,711

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No. 2 Warren, Mich.Median home price increase 2010 to 2019: 14.9%
Annual median income growth 2010 to 2019: 1.1%
Seasonally adjusted median home price Oct. 2019: $218,172

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No. 1 Fort Lauderdale, Fla.Median home price increase 2010 to 2019: 16.5%
Annual median income growth 2010 to 2019: 0.9%
Seasonally adjusted median home price Oct. 2019: $278,058

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Posted on nationalmortgagenews.com.