Want to know how long it takes for home prices to double in the United States? While the national average is around 10 years, many major metro areas have witnessed an impressive surge in home prices. Some metro areas have doubled in as little as 7 years with the major Florida metros taking the lead. We analyzed the historical median home prices of the top metro areas in the country (based on population size) and ranked them by how quickly home prices have doubled.
Places in the US Where Home Prices Doubled in 7 Years
Cincinnati, Orlando, Phoenix, Tampa, and Miami are the metro areas that have seen the fastest home price increases. These places have experienced an impressive rise in home prices, doubling at the rate of just seven years!
Cincinnati, OH metro area
- Number of years: 7
- Median home price: $280K
Orlando, FL metro area
- Number of years: 7
- Median home price: $403K
Phoenix, AZ metro area
- Number of years: 7
- Median home price: $459K
Tampa, FL metro area
- Number of years: 7
- Median home price: $370K
Miami, FL metro area
- Number of years: 7
- Median home price: $560K
US Metro Areas Where Home Prices Doubled in 8 Years
Here are the metro areas where home prices haven’t appreciated at the same rate as the top performers, but they have still seen an impressive rise. The major metro areas of Charlotte, Detroit, Atlanta, Las Vegas, and Fort Lauderdale took 7 years for home prices to double.
Charlotte, NC metro area
- Number of years: 8
- Median home price: $395K
Detroit, MI metro area
- Number of years: 8
- Median home price: $176K
Atlanta, GA metro area
- Number of years: 8
- Median home price: $395K
Las Vegas, NV metro area
- Number of years: 8
- Median home price: $432K
Fort Lauderdale, FL metro area
- Number of years: 8
- Median home price: $450K
Major Metro Areas Where Home Prices Doubled in 9 Years
Here are the metro areas where home prices doubled faster than the national average of 10 years. These include Philadelphia, Anaheim, Denver, San Diego, Riverside and Seattle.
Philadelphia, PA metro area
- Number of years: 9
- Median home price: $270K
Anaheim, CA metro area
- Number of years: 9
- Median home price: $1,155K
Denver, CO metro area
- Number of years: 9
- Median home price: $590K
San Diego, CA metro area
- Number of years: 9
- Median home price: $900K
Riverside, CA metro area
- Number of years: 9
- Median home price: $575K
Seattle, WA metro area
- Number of years: 9
- Median home price: $830K
Major Metro Areas Where Home Prices Doubled in 10 Years
Austin, Boston, Chicago, Minneapolis, Sacramento, Dallas, Sacramento, and Portland are the metro areas where home prices double at the same rate as the national average of 10 years. A word about the New York/Newark Metro Areas: Due to insufficient historical home sales data past 2015, I can’t say for sure how long it took for the New York and Newark (NJ) Metro areas to double in price.
New York, NY metro area
- Number of years: 9+
- Median home price: $710K
Newark, NJ metro area
- Number of years: 9+
- Median home price: $535K
Austin, TX metro area
- Number of years: 10
- Median home price: $450K
Boston, MA metro area
- Number of years: 10
- Median home price: $710K
Chicago, IL metro area
- Number of years: 10
- Median home price: $339K
Minneapolis, MN metro area
- Number of years: 10
- Median home price: $368K
Sacramento, CA metro area
- Number of years: 10
- Median home price: $578K
Dallas, TX metro area
- Number of years: 10
- Median home price: $425K
Portland, OR metro area
- Number of years: 10
- Median home price: $540K
Major Metro Areas Where Home Prices Took Longer than the National Average to Double
Below are the major metro areas where home prices have not appreciated faster than the national average. San Antonio, Houston, San Francisco, and Los Angeles took 11 years for home prices to double, while Washington DC and Wilmington took 12 years. Baltimore and Pittsburgh took longer than 12 years for home prices to double.
San Antonio, TX metro area
- Number of years: 11
- Median home price: $310K
Houston, TX metro area
- Number of years: 11
- Median home price: $330K
San Francisco, CA metro area
- Number of years: 11
- Median home price: $1,550K
Los Angeles, CA metro area
- Number of years: 11
- Median home price: $878K
Washington, DC metro area
- Number of years: 12
- Median home price: $555K
Wilmington, DE metro area
- Number of years: 12
- Median home price: $330K
Baltimore, MD metro area
- Number of years: 12+
- Median home price: $360K
Pittsburgh, PA metro area
- Number of years: 12+
- Median home price: $223K
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