Home Value Has More than Doubled In These States – Did Your State Make The Cut?

US real estate is booming, with homes gaining value significantly. Research from Architecture Lab with Zillow data reveals the top 10 states with the most value growth. Did yours make the cut?

10. Tennessee

Tennessee saw a 125.83% increase in home value from 2013 to 2024. Famous for its music history and Southern hospitality, this state boasts no personal income tax on wages, a low cost of living, rich culture, economic opportunities in various sectors, and stunning scenery.

9. Montana

Montana, known as “Big Sky Country,” saw a 125.99% home value increase from $191,731 in 2013 to $433,297 in 2023. Its economy is a blend of agriculture, mining, and tourism, including attractions like Glacier National Park and Yellowstone.

8. Colorado

With a 128.02% increase in home value, Colorado ranked 8th in value growth from 2013-2023. Its mix of outdoor activities, city life, diverse arts scene, strong economy and focus on health & wellness attracts a dynamic population.

7. Washington

Washington home value increased by 139.44% from 2013-2023. The state is home to Amazon and Microsoft, offers natural beauty, outdoor activities, and cities like Seattle. Despite high living costs, its values, health, and education make it popular.

6. Utah

Utah ranked 6th with a 140.66% home value increase from $206,783 in 2013 to $497,643 in 2023. Known for natural beauty and national parks like Zion, Arches, and Bryce Canyon, Utah has a blossoming tech sector, excellent schools, and safe neighborhoods.

5. Arizona

Arizona's home value rose by 142.15% from $171,299 in 2013 to $414,801 in 2023, ranking it 5th. Known for natural beauty and year-round sunshine, the state is culturally rich and provides urban amenities, a growing economy, and a competitive cost of living.

4. Georgia

Georgia saw a 145.42% increase in home value from $126,844 in 2013 to $311,301 in 2023, ranking 4th. Offering a warm climate and diverse landscapes, major city Atlanta thrives economically and culturally. With reasonable living costs, investment in education and infrastructure, Georgia is appealing for families and businesses.

3. Nevada

Nevada, ranking 3rd in home value increase with a 157.94% rise from $159,459 in 2013 to $411,316 in 2023, offers perks such as no state income tax, a thriving job market, striking landscapes and sustainable energy sectors.

2. Florida

Florida homes saw a 164.37% value increase from $144,464 in 2013 to $381,922 in 2023. The state is popular for its warm weather, beaches, entertainment, affordable cost of living, and no income tax.

1. Idaho

Idaho, named the Gem State, saw a 171.03% hike in home value from $159,567 in 2013 to $432,476 in 2023. Loved for its scenery and outdoor activities, it offers low cost of living and safety. Source: Architecture Lab

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