Several Silicon Valley Cities Have Fastest Increasing Home Values in Nation, Report Finds

This may not come as a surprise to local residents who are currently house hunting, but a new report out this week has found that the Silicon Valley region has some of the fastest increasing real estate values in the nation.

According to Nerd Wallet, 9 of the top 20 cities with the fastest increasing home values accross America were right here in the Bay Area, most of those in Silicon Valley.

The agency says they analyzed data from the real estate site Zillow to find the cities with the biggest increase in home values since 2009.

What they found was this:

Extreme growth is clustered. Not only are all of our top 10 cities in California and Florida, our top spots are grouped around two distinct areas — Silicon Valley and Miami.

Small and affluent cities. Cities with smaller populations and higher overall home values saw higher rates of growth in home values.

Tech’s upturn. Seven of our top 10 cites are either in, or are part of, greater Silicon Valley, suggesting that strong tech industry growth has supported an increase in home values and affluence more than any other industry from 2009 to 2014.

Here’s the top 20 list, and as you’ll see, the Silicon Valley area is home to many:

1. Palo Alto
2. Key Biscayne, Florida
3. Cupertino
4. Mountain View
5. Sunnyvale
6. Redwood City
7. Bay Harbor Islands, Florida
8. Menlo Park
9. Foster City
10. Sunny Isles Beach, Florida
11. Somerville, MA
12. Santa Clara
13. Manhattan Beach
14. Wharton Township, Pennsylvania
15. Louisville, Colorado
16. Rochester, Michigan
17. Sapulpa, Oklahoma
    
18. Hermosa Beach
19. Miami Beach, Florida
20. Burlingame

(Image via Shutterstock)