Zillow.com has compiled a list of cities that are having the best year-over-year increases in home value.  The study included cities with more than 20,000 residents and compared their October 2009 Zillow Home Value Index with it’s 2008 Index.  The Zillow Home Value Index measures the median home value in an area.  According to the research the cities with the most appreaciation of home values include a few near my hometown of Grand Island, NY in the Buffalo Metro Area.  Here’s the top ten (Buffalo Metro Area in bold):

1.  Charleston, WV (17.0%)

2.  New Orleans, LA (14.2%)

3.  Wilmington, DE (13.4%)

4.  Amherst, NY (12.5%)

5.  West Seneca, NY (11.5%)

6.  Mequon, WI (11.4%)

7.  Rochester, NY (10.6%)*

8.  Cheektowaga, NY (9.8%)

9.  Florence, SC (9.7%)

10.  North Little Rock, AR (9.0%)

* Near SUNY Brockport where I attended college

By: David

The Mike Webb Team: www.NorthernVirginiaHouses.com

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Northern Virginia Real Estate