Owning a home has long been considered the fastest and most predictable way to build wealth in the United States. And while home sale prices are at an all-time record (at a median of $262,000 as of June) not everyone is walking away with double-digit annual returns.
1. Bridgeport, CT
Average annualized return: 14%
Median home list price: $789,100
2. Detroit, MI
Average annualized return: 12%
Median home list price: $260,000
3. Seattle, WA
Average annualized return: 12%
Median home list price: $582,400
4. San Jose, CA
Average annualized return: 12%
Median home list price: $1,240,300
5. Palm Bay, FL
Average annualized return: 12%
Median home list price: $270,000
6. Denver, CO
Average annualized return: 11%
Median home list price: $467,600
7. Providence, RI
Average annualized return: 11%
Median home list price: $350,000
8. Boston, MA
Average annualized return: 10%
Median home list price: $529,100
9. Nashville, TN
Average annualized return: 10%
Median home list price: $368,000
10. Portland, OR
Average annualized return: 10%
Median home list price: $477,500