Western Metros Lead 40-Year Home Price Surge, With Bend Up 982%
Updated
Updated · Fast Company · Jul 12
Western Metros Lead 40-Year Home Price Surge, With Bend Up 982%
1 articles · Updated · Fast Company · Jul 12
Summary
Bend, Oregon posted the biggest 40-year gain in single-family home prices at 982%, followed by Bellingham at 933%, Bozeman at 889%, Seattle-Tacoma at 887% and San Jose at 808%.
Twenty-two of the 25 top-performing metros are west of the Mississippi, concentrating the strongest long-run housing appreciation in the Pacific Northwest and Northern California.
Higher-than-average wage growth helped drive that surge as technology, finance and professional-services jobs expanded, giving households more buying power to push prices steadily higher over decades.