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Finally, home values in Honolulu rose 11.6% between 2010 and 2015. Home values in Honolulu also increased by almost 8% between 2014 and 2015. Honolulu has the lowest property crime rate in the top 10, at 1,162.
Home values in Minneapolis grew by 12.8% between 2014 and 2015. While that may seem like a lot, it is actually less than the 17% home value increase from 2010 to 2015. Minneapolis also has the lowest property crime rate of the top 10 cities, at 1,244.
The average home in Minnesota was worth more in 2015 than it was in 2010. After a 5.9% increase in home value from 2014 to 2015, Minneapolis home values increased by an even more impressive 8.6% between 2010 and 2015. Minneapolis also has the second-lowest average effective property tax rate in the top 10 at 0.35%.
If you bought your home in the fifth-largest city in the country, congratulations! Home values here rose by over 5% between 2014 and 2015. Sales of single-family homes here increased by almost 11.1% from 2014 to 2015. Phoenix also has the third-lowest property crime rate in the top 10 at 1,292 per 100,000 residents.
Phoenix rose the most in home values since 2010, rising almost 6.3% during that period. Home values also increased by almost 5% between 2014 and 2015. Phoenix also has the second-lowest average effective property tax rate in the top 10 at 0.38%.
Roughly half of our top 10 cities experienced a declining home value trend between 2010 and 2015. These cities include Denver, Gilbert and Phoenix. In contrast, the other half of the top 10 cities experienced an increasing home value trend. These are home to some of our top performers. For example, Minneapolis, Minneapolis, and Honolulu all saw home values rise by over 14% since 2010.
While Portland has the highest median home value in our top 10 at $390,000, home values have risen 9.4% during the period from 2010 to 2015. Portland also offers homeowners a property crime rate of 3,099 per 100,000 residents. And for homeowners, Portland is the second-highest effective property tax rate in our top 10 at 1.4%.
Austin has the lowest property crime rate in our top 10. Unfortunately, there was not enough data available for us to evaluate home values. For people who own homes in Austin, though, the median home value is up 11.2% over the period from 2010 to 2015. Austin also has the lowest effective property tax rate in our top 10 at 0.62%.
The median price home in San Jose is up 9.4% over the period from 2010 to 2015. Home values are expected to rise further as the city continues to add new residents and amenities. San Jose has the third-lowest property crime rate in our top 10 at 975 per 100,000 residents, while San Jose also offers homeowners a property tax rate of only 0.96%.
There are a couple of Austin cities in the top 10 for homeowners. H-Town is home to the University of Texas. Home values in Austin rose almost 6.7% over the period from 2010 to 2015. However, Austin home values were down 2.7% between 2014 and 2015. Austin's low crime rate should not come as much of a surprise. There are only 2,453 property crimes per 100,000 residents. 827ec27edc