Editor’s note: This article is based on data compiled by Zillow, using the Zillow Home Value Index.
Metro areas off the beaten path, like Oklahoma’s Tulsa and Oklahoma City, bucked national trends to win a place on a top list of markets with the greatest year-over-year median home-value increases from October 2010 to October 2011, based on data compiled by Zillow. None of the top 20 U.S. metro areas by population size cracked this list.
The Tulsa metro area topped the chart at a 6.2 percent median home value increase to $101,000 — the lowest value among the nine markets — in that one-year timespan, followed by Oklahoma City’s metro area at a 3.1 percent bump.
Metropolitan Pittsburgh, at No. 22 in U.S. metro population size with 2.35 million people in 2010, according to U.S. Census data, was the most populated metro area in this list, coming in at No. 8, with a slight median home-value increase of 0.4 percent, and, interestingly, the only metro area on the list to experience a population dip from 2000 to 2010.
Metro areas in this list averaged a 1.6 percent median home-value increase over the one-year timeframe, with five of the nine markets showing median home values hovering around $100,000. Honolulu, Boulder, Fort Collins and Madison stretched the upper end of the spectrum, with median home values of $474,200, $304,000, $217,300, and $192,400, respectively.
Metro: Tulsa, Okla.
|Median Home Value||$101,000|
Tulsa Skyline via Shutterstock