States where house prices increased the most since 2018
Georgia and Tennessee among top five states with highest house price increases
CHATTANOOGA, Tenn. (WDEF) — A study revealed that Tennessee and Georgia are in the top five states where house prices have increased the most in the past five years.
The study was done by Boulder Home Source. It analyzed Zillow data from the past five years.
Georgia had the third highest increase in house prices. Georgia house prices increased 76.5% since 2018. The average house price in Georgia is now about $301,000.
Tennessee also has the fifth highest increase in house prices. Tennessee house prices increased 75.8% since 2018. Tennessee’s average house price is now about $291,000.
The top five states with the largest house price increase are:
- Idaho
- Montana
- Georgia
- New Mexico
- Tennessee
“The past five years has seen the housing market experience a lot of turbulence, leading to increases in house prices across America. This study offers a fascinating insight into the states where prices are more and less likely to experience volatile increases,” said a Boulder Home Source spokesperson. “This can serve as a useful guide to anyone looking to buy property in the next coming months or year.”
