Healthy job markets and historically low mortgage rates have improved home prices, especially in popular mid-size markets such as Denver, Detroit, and Phoenix.
Business Insider sorted the 15 cities with the highest home value growth over the past year, through the S&P/Case-Shiller index and data from Zillow.
Portland led the list, as home values increased 13.8 percent last year to a median value of $354,400. Tampa was second with 11.8 percent growth for a median value of $179,600.
"National home prices continue to grow at a rapid clip, largely driven upward by the now-familiar forces of high demand from home buyers and limited supply of homes available for sale," Svenja Gudll, Zillow chief economist said after the report.
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