The last decade of rapid home price growth has severely worsened housing affordability across the U.S., according to a new analysis from Construction Coverage.
The study found that home values surged more than 81% nationwide (107.6% in Gainesville) between 2016 and 2026, dramatically outpacing wage growth (+47%) and reshaping housing affordability nationwide.
The study analyzed Zillow and Census Bureau data to identify the states and cities with the largest increases in home prices over the last decade.
Key Takeaways, With Data for Gainesville
- Absolute home price growth in Gainesville, GA. Between 2016 and 2026, Gainesville experienced a +$193,505 increase in its median home price.
- The percentage change in home prices in Gainesville, GA. That’s a +107.6% increase in median home price in just 10 years.
- Where Gainesville ranks among all cities in the analysis. Sorting cities from largest percentage home price growth to smallest, Gainesville ranks 114th among all small U.S. cities, and 146th among all 691 cities included in the analysis.
- Comparing home price growth with wage growth in Gainesville. The newest income data shows a +68.3% 10-year increase in Gainesville’s median household income.
The data also highlights how much home prices have diverged from incomes in many parts of the country, helping explain why affordability pressures remain elevated even as the market slows.
The full report includes data for nearly 700 U.S. cities and all 50 states.
The full report can be found here: https://constructioncoverage.com/research/cities-with-the-largest-home-price-growth-last-decade