This Washington Town Has The Fastest-Growing Home Prices In The State

The housing market has been hot lately, especially in suburban areas outside of major metro cities. Experts say the rise of remote work and the desire for more affordable and spacious homes sparked a house-buying frenzy for months. Even though the market's finally cooling down, prices still remain steep in some parts of the country.

For those curious about the house prices in Washington, Stacker pinpointed the cities with the fastest growing home prices. Here's how researchers determined their rankings:

"Cities are ranked by the dollar change in Zillow Home Values Index for all homes from the twelve months ending June 2022. The charts in this story were created automatically using Matplotlib. Data was available for 633 cities and towns in Washington."

According to the website, home prices are skyrocketing in Hunts Point. Analysts say home values jumped by $1,538,819 over the last 12 months. They also provided more data about the town:

• Typical home value: $8,075,655
• 1-year price change: +$1,538,819 (+23.5%)
• 5-year price change: +$3,385,072 (+72.2%)
• Metro area: Seattle-Tacoma-Bellevue

Here are the Top 10 Washington cities, towns and suburbs with the fastest growing home prices:

1. Hunts Point
2. Medina
3. Yarrow Point
4. Clyde Hill
5. Beaux Arts Village 
6. Mercer Island
7. Sammamish
8. Woodway
9. Bellevue
10. Redmond

Check out Stacker's full report.