Source: CNBC —
Home value growth surpassed median salaries last year in 25 of 38 metropolitan areas across the country, according to research from real estate company 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. San Francisco also experienced a major increase in home value appreciation that outpaced salaries.
