California Cities Where Home Prices Have More Than Tripled Since 2000

The cost of housing has soared over the past year due to low inventory and low interest rates. According to KTLA, the median price of a home in the U.S. has increased by nearly 20% in just one year. Housing issues have hit especially hard in California. Reportedly, most California cities have seen home prices double or even triple since the year 2000. Some cities have more than tripled.

The real estate brokerage Clever analyzed the median sale price of homes in the 50 largest metro areas around the country. They found that 13 cities saw home values more than triple since 2000 and six of those cities were all located in California.

These are the 13 cities:

1. San Francisco (290% increase)
2. Los Angeles (280% increase)
3. Riverside, Calif. (278% increase)
4. San Diego (275% increase)
5. San Jose, Calif. (261% increase)
6. Sacramento, Calif. (237% increase)
7. Seattle (235% increase)
8. Tampa, Fla. (223% increase)
9. Miami (220% increase)
10. Austin, Texas (209% increase)
11. Portland, Ore. (207% increase)
12. Phoenix (206% increase)
13. Denver (204% increase)

There were also several cities around the country that saw slower growth in home values:

1. Cleveland (60% increase)
2. Detroit (62% increase)
3. Memphis, Tenn. (72% increase)
4. Chicago (73% increase)
5. Hartford, Conn. (87% increase)
6. Cincinnati (88% increase)
7. Birmingham, Ala. (90% increase)
8. St. Louis (98% increase)

To see the full study, click here.