July 2017 Market Report: Almost half of U.S. homes are worth more now than before the bubble

The typical home in Denver is worth 57.3 percent more than it was at its pre-recession, April 2006 peak; while in Las Vegas, the median home value remains 25.2 percent below its 2006 peak.

Annual growth in the U.S. Zillow Home Value Index cooled slightly, to 6.8 percent year-over-year in July and a median U.S. home value of $200,700.

Growth in the Zillow Rent Index accelerated, up 1.6 percent year-over-year in July, to $1,427.

In seven metro areas, more than 90 percent of homes have exceeded their pre-recession peak values. The vast majority of homes in Denver, Dallas, Nashville, Portland, Ore., Raleigh, N.C., and San Jose, Calif., are now worth more than they were roughly a decade ago, according to a new Zillow analysis comparing Zestimate values on the same homes from their pre-recession peak and now.


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