BOULDER – Real estate prices are increasing across much of the nation and four Colorado cities are among housing markets increasing the most, according to SmartAsset.com analysis.
Leading the Colorado contingent, Aurora claimed the No. 6 spot with population and income growth ranking in the top 40. Other Colorado metros ranked are Denver at No. 10, Thornton at No. 18 and Greeley at No. 19.
Denver’s population rose nearly 12 percent from 2013 to 2017, reports SmartAsset. While Denver’s home prices are rising, study data shows incomes are also rising. Median household income increased more than 19 percent from 2013 to 2017.
Six of the top 10 on the rising housing markets list are California cities where a housing affordability has reached crisis levels. Median home values increased by more than 40 percent in Hayward and Jurupa Valley.
Here’s a look at the top 10 rising housing markets in the U.S. The period analyzed is from 2013 to 2017.
- Hayward, CA
Average home price grew 43.7 percent, while population outpaced new housing units by 6.53 percent.
- Oakland, CA
Home values rose 31.62 percent; average household income also grew.
- Jurupa Valley, CA
Located in Southern California, home values increased 41.18 percent which is the seventh-largest increase in the study.
- Midland, TX (TIE)
Vista, CA (TIE)
- Aurora, CO
Aurora’s census bureau population and income growth rank in the top 40.
- Austin, TX
- Santa Clara, CA
- Riverside, CA
- Denver, CO
Population rose nearly 12 percent and median household income increased more than 19 percent.
Last year SmartAsset reported Colorado as the state with the fastest rising housing markets.
The 2018 list ranked Denver No. 2, Greeley No. 3, Aurora No. 5, and Fort Collins No. 8. Other Colorado cities in the top 50 included Boulder, Westminster, Thornton, Arvada, and Centennial.
To rank the top 10 rising housing markets in America, SmartAsset analyzed Census Bureau data utilizing three metrics: the five-year percentage point difference between population growth and housing growth, the five-year change in home values and the five-year change in median household incomes.
Read the full study at smartasset.com/checking-account/top-10-rising-housing-markets-2019.
By Tom Kalinski. Tom is the owner and founder of RE/MAX of Boulder, the local residential real estate company he established in 1977. He was inducted into Boulder County’s Business Hall of Fame in 2016 and has a 40-year background in commercial and residential real estate. For questions, e-mail firstname.lastname@example.org, call 303.441.5620 or visit boulderco.com.