Median Home Value Growth Highest in These Cities

The median American home value appreciated by $10,500 between 2015 and 2016, and in some cities, the change in value is nearly nine times that amount.

Oakland, Calif. homeowners had the greatest jump in year-over-year median home values from 2015 to 2016, according to SmartAsset's latest study. From $557,000 to 649,700, values jumped 136.20 percent. Six California cities were in the top 10 for median home value appreciation, with an average 95.20 percent value change overall. Fremont, Calif. had the lowest change in value YOY of the Golden State cities represented, 76.20 percent.

The median home in America increased in value by $10,500 between 2015 and 2016. That’s only an increase of around 5 percent but for the average household in America, which took home $57,617 last year, an extra $10,500 would be worth 18 percent of their annual income. But in some American cities, the increase in median home values surpasses the local median household income. Below we take a closer look at where home appreciation is worth the most by comparing it to local incomes. To do this, we looked at the one-year change in home values from 2015 to 2016 and compared it to the median household income in 2016.

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