St. Louis home prices outpacing Chicago, have risen 25 percent i - KMOV.com

St. Louis home prices outpacing Chicago, have risen 25 percent in five years

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Home prices have climbed across the country in the last year. Home prices have climbed across the country in the last year.

ST. LOUIS (KMOV.com) -- Home prices in St. Louis have risen 4.41 percent over the last year, outpacing Chicago, Oklahoma City, Houston, New Orleans and Tulsa, among other metro areas.

The data, released by the Federal Housing Finance Agency, compiled home price information over the most recent quarter, last year, the last five years and since 1991.

While St. Louis’ home prices have lagged behind a number of cities over the last year (Kansas City’s prices went up 7.31 percent), home values have increased nearly 25 percent over the last five years, and 129 percent since 1991.

The cities with the sharpest increase in home values are predictably near burgeoning tech companies, with Seattle, Tacoma and San Francisco all seeing jumps of 15 percent or more in the last year.

However, the leading city in recent home price increases has been Las Vegas, where houses have increased in value 83 percent over the last half decade and more than 17 percent in the last year alone.

So what city was the best place to buy a home in 1991 if you wanted to get a return on your investment?

Obviously, Seattle and San Francisco would be nice, with value increases of 321 percent and 332 percent, respectively. Portland and Austin would have been good choices, as homes there have increased in value more than 350 percent since ‘91.

But the best investment would have been Denver, where home values have increased a staggering 409 percent over the last 29 years. That means a house purchased for $150,000 in 1991 would be worth $763,000 today, a tidy profit of more than $650,000.

Want to see all the data? It's below. 

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