Home value growth surpassed median salaries last year in 25 of 38 metropolitan areas across the country, according to research from Zillow
To compare, Zillow said only five of these metropolitan areas saw home value appreciation outpace median salaries in 2020.
San Jose, California, had the highest median income – $93,000 – but it also saw the most home value growth with $229,277 in 2021, according to the research. Home value growth surpassed median salaries last year in 25 of 38 metropolitan areas across the country, according toTo compare, Zillow said only five of these metropolitan areas saw home value appreciation outpace median salaries in 2020.
San Jose, California, had the highest median income – $93,000 – but it also saw the most home value growth with $229,277 in 2021, according to the research. San Francisco also experienced a major increase in home value appreciation that outpaced salaries. "Those who owned a home saw their household wealth increase dramatically. But many renters witnessed that dream either soar out of reach or had to drastically adjust their expectations and plans," said Zillow economist Nicole Bachaud in aDownload our local news and weather app for
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