How does your city compare? Check out this list of 275 places and see which are hottest.
By MSN Money staff
Rankings for house-price appreciation from the Office of Federal Housing Enterprise Oversight (OFHEO) were released June 1. Rankings are listed by Metropolitan Statistical Areas (MSAs).
Arizona continues to exhibit the greatest appreciation rate, although price growth has dropped significantly in that state, the OFHEO says. Quarterly appreciation in Arizona dipped from approximately 7.4 percent to 3.8 percent, while its four-quarter appreciation dropped from over 35.5 percent to 32.8 percent. Quarterly appreciation rates were off significantly in the Tucson and Phoenix-Mesa-Scottsdale MSAs.
Rapid increases continue to be widespread in Florida. Out of the 20 MSAs with the largest percentage house price gains in the past year, 10 were in Florida.
Prices continue to rise in some areas affected by Hurricane Katrina. Appreciation rates were particularly robust in New Orleans-Metairie-Kenner, La., and Hattiesburg, Miss.
For the first time since the fourth quarter of 2002, negative quarterly appreciation rates were observed for some states. Iowa and South Dakota both experienced small price declines between the fourth quarter of 2005 and the first quarter of 2006.
OFHEOs House Price Index is published on quarterly basis and tracks average house price changes in repeat sales or refinancings of the same single-family properties. OFHEOs index is based on analysis of data obtained from Fannie Mae and Freddie Mac from more than 30 million repeat transactions over the last 30 years.
Akron, OH thru Los Angeles | Louisville, KY through Yuba City, CA
Return to "The nation's hottest housing markets"
| Housing appreciation (in percent) by metro area* | | Metr oarea | Ranking | Q1 2006 | 1-Year | 5-year | | Akron, OH | 241 | -0.01 | 3.56 | 18.01 | | Albany-Schenectady-Troy, NY | 82 | 3.56 | 15.58 | 74.24 | | Albuquerque, NM | 64 | 3.33 | 17.69 | 43.44 | | Allentown-Bethlehem-Easton, PA-NJ | 75 | 3.60 | 16.42 | 66.80 | | Amarillo, TX | 201 | 0.02 | 5.32 | 19.30 | | Anchorage, AK | 93 | 1.34 | 13.42 | 54.95 | | Anderson, IN | 274 | -3.15 | 0.84 | 12.63 | | Anderson, SC | 237 | -0.11 | 3.76 | 18.83 | | Ann Arbor, MI | 264 | -0.20 | 1.82 | 23.15 | | Appleton, WI | 183 | 0.90 | 6.24 | 27.06 | | Asheville, NC | 110 | 1.38 | 11.13 | 45.01 | | Athens-Clarke County, GA | 189 | 1.19 | 5.87 | 27.96 | | Atlanta-Sandy Springs-Marietta, GA | 219 | 0.83 | 4.80 | 24.98 | | Atlantic City, NJ | 47 | 3.42 | 20.69 | 101.59 | | Augusta-Richmond County, GA-SC | 118 | 3.41 | 10.43 | 31.83 | | Austin-Round Rock, TX | 161 | 0.71 | 6.99 | 14.64 | | Bakersfield, CA | 19 | 4.54 | 26.55 | 141.88 | | Baltimore-Towson, MD | 51 | 3.17 | 19.67 | 97.86 | | Barnstable Town, MA | 170 | 1.23 | 6.71 | 85.23 | | Baton Rouge, LA | 101 | 2.34 | 12.07 | 28.31 | | Battle Creek, MI | 226 | 1.79 | 4.21 | 24.34 | | Bay City, MI | 216 | 3.27 | 4.82 | 24.47 | | Beaumont-Port Arthur, TX | 159 | 2.06 | 7.06 | 24.14 | | Bellingham, WA | 54 | 1.33 | 19.21 | 81.25 | | Bend, OR | 6 | 7.00 | 34.70 | 88.36 | | Bethesda-Gaithersburg-Frederick, MD | 56 | 2.47 | 18.38 | 105.88 | | Billings, MT | 126 | 0.66 | 9.61 | 43.55 | | Birmingham-Hoover, AL | 145 | 1.27 | 7.95 | 29.74 | | Blacksburg-Christiansburg-Radford, VA | 158 | -1.97 | 7.09 | 38.13 | | Bloomington, IN | 198 | 4.42 | 5.46 | 28.28 | | Bloomington-Normal, IL | 176 | 2.62 | 6.46 | 19.99 | | Boise City-Nampa, ID | 15 | 5.64 | 27.50 | 55.29 | | Boston-Quincy, MA | 190 | 0.51 | 5.83 | 64.73 | | Boulder, CO | 258 | -0.12 | 2.53 | 19.40 | | Bowling Green, KY | 175 | 1.72 | 6.52 | 20.80 | | Bremerton-Silverdale, WA | 35 | 5.45 | 22.70 | 74.43 | | Bridgeport-Stamford-Norwalk, CT | 108 | 1.26 | 11.22 | 67.49 | | Buffalo-Niagara Falls, NY | 209 | -0.48 | 5.08 | 27.37 | | Burlington, NC | 269 | 1.98 | 1.43 | 12.37 | | Burlington-South Burlington, VT | 104 | -0.08 | 11.49 | 61.17 | | Cambridge-Newton-Framingham, MA | 202 | -0.24 | 5.29 | 50.30 | | Camden, NJ | 89 | 1.90 | 14.51 | 82.74 | | Canton-Massillon, OH | 272 | -1.11 | 1.21 | 15.21 | | Cape Coral-Fort Myers, FL | 3 | 6.12 | 36.90 | 140.91 | | Cedar Rapids, IA | 270 | -0.73 | 1.35 | 17.20 | | Champaign-Urbana, IL | 169 | -0.35 | 6.73 | 32.61 | | Charleston, WV | 172 | 1.63 | 6.65 | 19.70 | | Charleston-North Charleston, SC | 73 | 2.32 | 16.51 | 56.75 | | Charlotte-Gastonia-Concord, NC-SC | 192 | 1.13 | 5.68 | 18.81 | | Charlottesville, VA | 72 | 1.75 | 16.55 | 75.91 | | Chattanooga, TN-GA | 151 | 0.57 | 7.34 | 30.29 | | Cheyenne, WY | 147 | 2.46 | 7.93 | 44.51 | | Chicago-Naperville-Joliet, IL | 117 | 1.96 | 10.56 | 51.11 | | Chico, CA | 62 | 2.41 | 17.76 | 119.43 | | Cincinnati-Middletown, OH-KY-IN | 229 | 0.68 | 4.09 | 21.80 | | Cleveland-Elyria-Mentor, OH | 259 | 0.21 | 2.42 | 18.50 | | Coeur d'Alene, ID | 14 | 3.01 | 27.73 | 82.08 | | Colorado Springs, CO | 160 | 0.43 | 7.03 | 29.43 | | Columbia, MO | 184 | -0.41 | 6.19 | 26.89 | | Columbia, SC | 146 | 2.01 | 7.93 | 27.42 | | Columbus, GA-AL | 128 | 1.93 | 9.38 | 33.08 | | Columbus, IN | 179 | 2.83 | 6.43 | 16.98 | | Columbus, OH | 235 | 0.84 | 3.81 | 21.88 | | Corpus Christi, TX | 140 | 1.13 | 8.12 | 37.20 | | Corvallis, OR | 85 | 5.21 | 14.94 | 40.65 | | Dallas-Plano-Irving, TX | 231 | 1.18 | 3.98 | 18.27 | | Davenport-Moline-Rock Island, IA-IL | 244 | -0.88 | 3.42 | 22.34 | | Dayton, OH | 261 | 0.52 | 2.03 | 16.06 | | Deltona-Daytona Beach-Ormond Beach, FL | 16 | 2.33 | 27.36 | 115.16 | | Denver-Aurora, CO | 248 | -0.35 | 3.24 | 21.15 | | Des Moines-West Des Moines, IA | 224 | -1.12 | 4.40 | 24.50 | | Detroit-Livonia-Dearborn, MI | 260 | 1.18 | 2.05 | 19.28 | | Dubuque, IA | 191 | 0.61 | 5.73 | 25.72 | | Duluth, MN-WI | 124 | 1.75 | 9.70 | 56.13 | | Durham, NC | 197 | 0.87 | 5.50 | 22.85 | | Eau Claire, WI | 139 | 1.74 | 8.25 | 33.07 | | Edison, NJ | 84 | 2.27 | 15.04 | 93.21 | | Elkhart-Goshen, IN | 249 | -1.51 | 3.23 | 16.65 | | El Paso, TX | 78 | 5.90 | 16.07 | 38.33 | | Erie, PA | 273 | -0.01 | 1.02 | 18.67 | | Essex County, MA | 220 | 0.48 | 4.79 | 55.62 | | Eugene-Springfield, OR | 48 | 2.93 | 20.38 | 55.10 | | Evansville, IN-KY | 246 | 1.09 | 3.31 | 19.06 | | Fargo, ND-MN | 218 | -1.26 | 4.80 | 35.52 | | Fayetteville-Springdale-Rogers, AR-MO | 116 | 1.98 | 10.73 | 43.38 | | Flagstaff, AZ-UT | 9 | 5.55 | 30.51 | 97.33 | | Flint, MI | 268 | -0.48 | 1.48 | 18.90 | | Florence, SC | 265 | -1.02 | 1.77 | 18.29 | | Fond du Lac, WI | 135 | 3.99 | 8.48 | 27.92 | | Fort Collins-Loveland, CO | 234 | 1.64 | 3.90 | 24.84 | | Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 10 | 4.26 | 29.29 | 139.76 | | Fort Walton Beach-Crestview-Destin, FL | 24 | 2.60 | 25.04 | 115.35 | | Fort Wayne, IN | 238 | 0.24 | 3.71 | 13.69 | | Fort Worth-Arlington, TX | 253 | 0.08 | 2.80 | 17.88 | | Fresno, CA | 32 | 3.84 | 23.05 | 145.28 | | Gainesville, GA | 187 | -0.16 | 5.93 | 25.44 | | Gary, IN | 163 | 1.76 | 6.91 | 25.09 | | Grand Junction, CO | 109 | -0.75 | 11.16 | 44.50 | | Grand Rapids-Wyoming, MI | 257 | -0.63 | 2.64 | 20.73 | | Greeley, CO | 256 | 0.86 | 2.74 | 21.86 | | Green Bay, WI | 185 | 0.94 | 6.00 | 28.25 | | Greensboro-High Point, NC | 227 | 1.71 | 4.13 | 17.87 | | Greenville, SC | 223 | 1.34 | 4.52 | 18.66 | | Gulfport-Biloxi, MS | 79 | 0.80 | 15.88 | 36.76 | | Hagerstown-Martinsburg, MD-WV | 28 | 4.48 | 24.08 | 95.62 | | Harrisburg-Carlisle, PA | 120 | 0.32 | 10.17 | 35.14 | | Hartford-West Hartford-East Hartford, CT | 122 | 1.44 | 9.91 | 56.65 | | Hickory-Lenoir-Morganton, NC | 233 | -0.96 | 3.94 | 16.09 | | Holland-Grand Haven, MI | 263 | 0.55 | 1.83 | 19.89 | | Honolulu, HI | 23 | 5.45 | 25.78 | 104.34 | | Houston-Sugar Land-Baytown, TX | 203 | 2.27 | 5.24 | 24.25 | | Huntsville, AL | 141 | 1.89 | 8.07 | 24.51 | | Indianapolis-Carmel, IN | 242 | 0.19 | 3.55 | 16.91 | | Iowa City, IA | 208 | 1.01 | 5.10 | 26.64 | | Jackson, MI | 247 | -1.74 | 3.29 | 23.58 | | Jackson, MS | 152 | 3.11 | 7.33 | 25.51 | | Jacksonville, FL | 43 | 4.42 | 21.43 | 79.44 | | Janesville, WI | 173 | 0.98 | 6.63 | 26.75 | | Jefferson City, MO | 177 | 2.91 | 6.45 | 23.79 | | Joplin, MO | 211 | 0.65 | 5.02 | 25.01 | | Kalamazoo-Portage, MI | 236 | 1.70 | 3.78 | 24.77 | | Kankakee-Bradley, IL | 106 | 2.39 | 11.36 | 31.92 | | Kansas City, MO-KS | 212 | 1.09 | 4.93 | 27.81 | | Kennewick-Richland-Pasco, WA | 178 | 1.87 | 6.44 | 27.48 | | Kingsport-Bristol-Bristol, TN-VA | 157 | 0.44 | 7.18 | 29.41 | | Knoxville, TN | 127 | 2.22 | 9.42 | 32.80 | | Kokomo, IN | 245 | -0.14 | 3.35 | 13.12 | | La Crosse, WI-MN | 138 | 1.70 | 8.33 | 34.54 | | Lafayette, IN | 271 | -1.22 | 1.22 | 8.32 | | Lafayette, LA | 111 | 2.68 | 11.04 | 35.26 | | Lake County-Kenosha County, IL-WI | 149 | 1.61 | 7.64 | 41.01 | | Lakeland, FL | 5 | 6.21 | 35.60 | 89.55 | | Lancaster, PA | 97 | 2.13 | 12.92 | 45.04 | | Lansing-East Lansing, MI | 252 | -0.43 | 2.93 | 27.36 | | Las Vegas-Paradise, NV | 83 | 3.08 | 15.55 | 107.31 | | Lawrence, KS | 215 | 0.69 | 4.84 | 31.78 | | Lexington-Fayette, KY | 142 | 2.10 | 8.07 | 28.80 | | Lima, OH | 186 | 0.28 | 6.00 | 25.53 | | Lincoln, NE | 214 | 0.65 | 4.89 | 21.64 | | Little Rock-North Little Rock, AR | 148 | 1.99 | 7.77 | 27.91 | | Logan, UT-ID | 199 | 0.37 | 5.44 | 18.45 | | Longview, WA | 53 | 4.33 | 19.61 | 36.81 | | Los Angeles-Long Beach-Glendale, CA | 33 | 4.07 | 23.05 | 135.51 |
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* Note: Rankings based on annual percentage change, for all MSAs containing at least 15,000 transactions over the last 10 years.
Akron, OH thru Los Angeles | Louisville, KY through Yuba City, CA
Return to "The nation's hottest housing markets"
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