When the real estate bubble burst in late 2008, many Americans saw their home values fall drastically, but a lot has changed in the 10 years since — housing prices have rebounded from their lows during the Great Recession. And though prices are now starting to cool, in many cases, home values have even exceeded their 2006 highs.
That being said, not every market has fully recovered. A new study from LendingTree, the nation’s leading online loan marketplace, looks at the 50 largest metropolitan areas in the U.S. to see where housing prices have recovered the most since the height of the Great Recession — and where values are still struggling. The study also looks at how income and unemployment rates have changed since 2009.
Here are the top 25 cities where housing prices have recovered the most since 2009:
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25. Detroit
Median home value 2009: $139,900
Median home value 2017: $171,600
Median home value change: $31,700
Median unemployment rate change: -9.9%
Median household income change: $9,876
Image Credit: DepositPhotos.com.
24. Pittsburgh
Median home value 2009: $120,600
Median home value 2017: $153,300
Median home value change: $32,700
Median unemployment rate change: -3.5%
Median household income change: $12,172
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23. Buffalo, New York
Median home value 2009: $116,000
Median home value 2017: $148,900
Median home value change: $32,900
Median unemployment rate change: -4.7%
Median household income change: $9,637
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22. Oklahoma City
Median home value 2009: $123,400
Median home value 2017: $156,800
Median home value change: $33,400
Median unemployment rate change: -2.1%
Median household income change: $11,151
Image Credit: DepositPhotos.com.
21. Washington , D.C.
Median home value 2009: $387,900
Median home value 2017: $424,600
Median home value change: $36,700
Median unemployment rate change: -2.6%
Median household income change: $14,501
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20. Raleigh, North Carolina
Median home value 2009: $203,700
Median home value 2017: $244,500
Median home value change: $40,800
Median unemployment rate change: -4.8%
Median household income change: $13,260
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19. San Antonio
Median home value 2009: $125,800
Median home value 2017: $170,100
Median home value change: $44,300
Median unemployment rate change: -2.6%
Median household income change: -$1,674
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18. Las Vegas
Median home value 2009: $202,100
Median home value 2017: $250,000
Median home value change: $47,900
Median unemployment rate change: -6.0%
Median household income change: $3,684
Image Credit: DepositPhotos.com.
17. Phoenix
Median home value 2009: $196,300
Median home value 2017: $246,900
Median home value change: $50,600
Median unemployment rate change: -5.2%
Median household income change: $8,710
Image Credit: Sean Pavone / iStock.
16. Salt Lake City
Median home value 2009: $243,900
Median home value 2017: $294,800
Median home value change: $50,900
Median unemployment rate change: -4.1%
Median household income change: $14,372
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15. Miami
Median home value 2009: $227,400
Median home value 2017: $278,700
Median home value change: $51,300
Median unemployment rate change: -5.8%
Median household income change: $8,338
Image Credit: DepositPhotos.com.
14. Houston
Median home value 2009: $139,800
Median home value 2017: $192,900
Median home value change: $53,100
Median unemployment rate change: -1.7%
Median household income change: $9,656
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13. Dallas
Median home value 2009: $149,700
Median home value 2017: $214,900
Median home value change: $65,200
Median unemployment rate change: -4.4%
Median household income change: $12,843
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12. Nashville, Tennessee
Median home value 2009: $175,100
Median home value 2017: $242,900
Median home value change: $67,800
Median unemployment rate change: -5.9%
Median household income change: $12,873
Image Credit: Sean Pavone/istockphoto.
11. Boston
Median home value 2009: $369,200
Median home value 2017: $441,400
Median home value change: $72,200
Median unemployment rate change: -4.2%
Median household income change: $16,357
Image Credit: DepositPhotos.com.
10. Seattle
Median home value 2009: $355,400
Median home value 2017: $439,800
Median home value change: $84,400
Median unemployment rate change: -4.2%
Median household income change: $18,105
Image Credit: DepositPhotos.com.
9. Portland, Oregon
Median home value 2009: $287,900
Median home value 2017: $376,000
Median home value change: $88,100
Median unemployment rate change: -2.1%
Median household income change: $16,410
Image Credit: DepositPhotos.com.
8. Sacramento, California
Median home value 2009: $298,000
Median home value 2017: $390,000
Median home value change: $92,000
Median unemployment rate change: -5.9%
Median household income change: $10,541
Image Credit: DepositPhotos.com.
7. Austin, Texas
Median home value 2009: $189,300
Median home value 2017: $283,600
Median home value change: $94,300
Median unemployment rate change: -4.5%
Median household income change: $17,582
Image Credit: DepositPhotos.com.
6. Riverside, California
Median home value 2009: $244,800
Median home value 2017: $342,300
Median home value change: $97,500
Median unemployment rate change: -6.4%
Median household income change: $8,179
Image Credit: DepositPhotos.com.
5. Denver
Median home value 2009: $248,500
Median home value 2017: $386,800
Median home value change: $138,300
Median unemployment rate change: -5.4%
Median household income change: $17,636
Image Credit: DepositPhotos.com.
4. San Diego
Median home value 2009: $417,700
Median home value 2017: $563,800
Median home value change: $146,100
Median unemployment rate change: -3.7%
Median household income change: $15,976
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3. Los Angeles
Median home value 2009: $463,600
Median home value 2017: $617,100
Median home value change: $153,500
Median unemployment rate change: -5.0%
Median household income change: $11,467
Image Credit: benedek/istockphoto.
2. San Francisco
Median home value 2009: $591,600
Median home value 2017: $849,500
Median home value change: $257,900
Median unemployment rate change: -5.4%
Median household income change: $27,889
Image Credit: DepositPhotos.com.
1. San Jose, California
Median home value 2009: $638,300
Median home value 2017: $957,700
Median home value change: $319,400
Median unemployment rate change: -6.4%
Median household income change: $32,991
This article originally appeared on LendingTree.com and was syndicated by MediaFeed.org.
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