DAILY REAL ESTATE NEWS

February 22, 2012

Top 10 US metros for price appreciation

Zillow stats showcase markets off the beaten path

Editor's note: This article is based on data compiled by Zillow, using the Zillow Home Value Index.

Metro areas off the beaten path like Tulsa and Oklahoma City, Okla., bucked national trends to win a place on a top 10 list of markets with the greatest year-over-year median home-value increases from October 2010 to October 2011, based on data compiled by Zillow. None of the top 20 U.S. metro areas by population size cracked the top 10.

The Tulsa metro area topped the chart at a 6.2 percent median home value increase to $101,000 -- the lowest value of the top 10 -- in that one-year timespan, followed by Oklahoma City's metro area at a 3.1 percent bump. However, the rosy home value increase news fades by No. 10 on the list -- the Green Bay metro area -- where a place in the top 10 no longer represents an increase in median home value, but a sliver of a decline -- 0.3 percent.

Metropolitan Pittsburgh, at No. 22 in U.S. metro population size with 2.35 million people in 2010, according to U.S. Census data, was the most populated metro area in this top 10 list, coming in at No. 8, with a slight median home-value increase of 0.4 percent, and, interestingly, the only metro area in the top 10 to experience a population dip from 2000 to 2010.

Metro areas in this top 10 averaged a 1.6 percent median home-value increase over the one-year timeframe, with six of the 10 having median home values hovering around $100,000. Honolulu, Boulder, Fort Collins and Madison stretched the upper end of the spectrum with median home values of $474,200, $304,000, $217,300, and $192,400, respectively.

Metro: Tulsa, Okla.

Median Home Value	$101,000
Year-over-year Change	6.2%

Tulsa, OK Tulsa Skyline via Shutterstock

Metro: Oklahoma City, Okla.

Median Home Value	$105,900
Year-over-year Change	3.1%

Flickr/Matthew Rutledge

Metro: Lincoln, Neb.

Median Home Value	$127,400
Year-over-year Change	2.7%

Lincoln, Nebraska Sign via Shutterstock

Metro: Madison, Wis.

Median Home Value	$192,400
Year-over-year Change	1.3%

Madison on the Water via Shutterstock

Metro: Honolulu, Hawaii

Median Home Value	$474,200
Year-over-year Change	1.3%

Flickr/Mike McHolm

Metro: Fort Collins, Colo.

Median Home Value	$217,300
Year-over-year Change	1.3%

Mountains backdropping Fort Collins via Shutterstock

Metro: Fort Myers, Fla.

Median Home Value	$127,400
Year-over-year Change	0.4%

Fort Myers Beach via Shutterstock

Metro: Pittsburgh, Pa.

Median Home Value	$106,500
Year-over-year Change	0.4%

Pittspurgh Flickr/Sakeeb

Metro: Boulder, Colo.

Median Home Value	$304,000
Year-over-year Change	0.2%

Flickr/Aidan M. Grey

Metro: Green Bay, Wis.

Median Home Value	$127,300
Year-over-year Change	-0.3%

Flickr/Chad Davis

Inman News reporter Paul Hagey compiled this report.

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