10 cities where housing prices are expected to rise over 20% in 2022

With low property taxes and a cost of living lower than the national average, Phoenix is a popular place to buy a home. Particularly for retirees and those on fixed incomes. Phoenix also has beautiful landscapes, warm weather, and a strong economy. Like many coveted cities today, Phoenix has a higher demand for homes than what’s available. Builders haven’t been able to catch up, and low inventory is creating a multiple-bid situation on existing homes, pushing up housing prices significantly into 2022.

Combine beautiful weather, the Pacific ocean, and post card sunsets and it’s no wonder housing prices keep rising. As some retirees cash out of their San Diego homes and move to more affordable places, just as many newcomers and renters are happy to take their place, keeping the housing market strong in this Southern California paradise. If you can afford to live in San Diego and you want to see your expensive home keep rising in value, you may want to buy soon.

Salt Lake is one of three Utah cities reaching our top 10 list for home appreciation in 2022. No doubt, the majestic mountains and access to the outdoors is a big reason to move here. Not to mention strong business growth looking for talent in technology and other high-skilled jobs. One of Salt Lake’s real estate struggles is there are more people moving in than moving out, causing a deficit in available properties to buy or rent.

A city we all know, and we’re afraid would never recover from the Covid pandemic. On the contrary, it’s recovering with a vengeance, and hits our top 10 list for appreciated home values in 2022. The biggest real estate problem Las Vegas faces right now is a lack of homes to buy or rent. Inventory is so low that demand continues to push up prices at a record rate. Betting on the Vegas housing market in 2022 appears to have favorable odds of strong appreciation.