Home Appreciation: The Long View
By Mary Erpenbach
Along with criteria on crime rates, schools and more, we’ve always taken an especially close look at housing prices. It’s almost always your family’s single biggest investment, and its appreciation or depreciation serves as a way to track growth and demand from suburb to suburb. Over time, the value of its homes can tell an important part of the story of each community.
This year, for the first time, we look back at median home prices then—when we first began our Rating the Suburbs reports—and now. This chart couldn’t be simpler. It shows the median value of homes sold in each community today, as compared to the median value of homes sold in each community fourteen years ago, when we published our inaugural Ranking the Suburbs cover story. And just for comparison, we looked at Madison, too.