Ever open Zillow to look at home prices in your neighborhood and feel your eyes pop out of your head? Do you regret not buying a home 10 years ago when you had a small hope of affording the down payment? Do you ever wonder, “Is it just me, or have home prices really gone up here in the past decade?”
Despite a recent (small) drop in home prices, it’s not just you. It’s Phoenix. And Mesa. And 13 other Phoenix suburbs.
Phoenix and Mesa ranked 11th and 12th out of 54 cities included in Construction Coverage’s list of large U.S. cities with the biggest home price increases over the past decade. According to the construction website, housing prices in Phoenix rose 99.3% between 2016 and 2026. They went up 98.9% in Mesa in the same timeframe. According to the report, median home prices in Phoenix rose from $205,835 to $410,169 during that 10-year period, and in Mesa, they rose from $218,790 to $435,134…