Annual Home Price Appreciation (%) – 2, 3, or 5 yr. CAGR Rank
This is the 1-year percent change in home value for a typical house in this market calculated over a multi-year period.
CAGR, or Compound Annual Growth Rate, is useful to smooth out annual fluctuations and is a more accurate measure of annual % change over a multi-year period.
The indicator below represent the Percentile Ranking when compared to ALL markets nationwide. Note that percentile rankings are useful for measuring RELATIVE performance BETWEEN markets, not for measuring the absolute performance.