Home Values in These Cities Have Grown the Most Since the Last Recession

If you were old enough to realize the impact of the housing crash of 2008 and how it plunged the U.S. into what has been dubbed "the Great Recession" in 2009, you may find yourself a little nervous when home prices seem to rise and rise without ceasing.

While experts do not anticipate another bubble that could lead to a similar crash, due to revised lending practices among other reasons, those people who purchased their homes in or around 2009 and held onto them have reaped the rewards in home equity. Certain states, like California and Florida have a number of cities on this list where home values have skyrocketed in these 14 years, some well above the median home value of $327,390.

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GoBankingRates looked at the 500 largest housing markets according to Zillow's February 2023 data, to collect data about the values of a single family residence in 2009 and in 2023, as well as the percent and dollar value changes. These are the top 25 cities where home values have gone up the most since the recession.

25. Victorville, California

• June 2009 Home Value: $140,969

• February 2023 Home Value: $401,548

• Median Home Value Dollar Growth (2009 to 2023): $260,579

• Median Home Value Percent Growth (2009 to 2023): 184.85%

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24. Phoenix, Arizona

• June 2009 Home Value: $142,265

• February 2023 Home Value: $405,266 

• Median Home Value Dollar Growth (2009 to 2023): $263,002  

• Median Home Value Percent Growth (2009 to 2023): 184.87%

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23. San Tan Valley, Arizona

• June 2009 Home Value: $141,921

• February 2023 Home Value: $406,480 

• Median Home Value Dollar Growth (2009 to 2023): $264,559 

• Median Home Value Percent Growth (2009 to 2023): 186.41%

_{Pictured: Chandler, Arizona}

22. Dallas, Texas

• June 2009 Home Value: $109,213

• February 2023 Home Value: $313,594  

• Median Home Value Dollar Growth (2009 to 2023): $204,381 

• Median Home Value Percent Growth (2009 to 2023): 187.14%

21. Covington, Georgia

• June 2009 Home Value: $95,619

• February 2023 Home Value: $276,220  

• Median Home Value Dollar Growth (2009 to 2023): $180,601 

• Median Home Value Percent Growth (2009 to 2023): 188.88%

_{Pictured: Atlanta, Georgia}

20. Atlanta, Georgia

• June 2009 Home Value: $137,584

• February 2023 Home Value: $402,030 

• Median Home Value Dollar Growth (2009 to 2023): $264,446 

• Median Home Value Percent Growth (2009 to 2023): 192.21%

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19. Madera, California

• Median Home Sale Price in 2012: $125,000

• Median Current Home Value: $226,000

• Median Home Value Dollar Growth (2012 to 2019): $101,000

• Median Home Value Percent Growth (2012 to 2019): 81%

_{Pictured: Fresno, California}

18. Rialto, California

• June 2009 Home Value: $179,345

• February 2023 Home Value: $525,678

• Median Home Value Dollar Growth (2009 to 2023): $346,332

• Median Home Value Percent Growth (2009 to 2023): 193.11%

_{Pictured: San Bernardino, California}

17. Cape Coral, Florida

• June 2009 Home Value: $130,372

• February 2023 Home Value: $383,209 

• Median Home Value Dollar Growth (2009 to 2023): $252,837 

• Median Home Value Percent Growth (2009 to 2023): 193.94%

16. Sunnyvale, California

• June 2009 Home Value: $667,827

• February 2023 Home Value: $1,979,143  

• Median Home Value Dollar Growth (2009 to 2023): $1,311,316  

• Median Home Value Percent Growth (2009 to 2023): 196.36%

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15. Homestead, Florida

• June 2009 Home Value: $139,436

• February 2023 Home Value: $414,841  

• Median Home Value Dollar Growth (2009 to 2023): $275,405  

• Median Home Value Percent Growth (2009 to 2023): 197.51%

_{Pictured: Miami, Florida}

14. Buffalo, New York

• June 2009 Home Value: $65,190

• February 2023 Home Value: $197,566  

• Median Home Value Dollar Growth (2009 to 2023): $132,375  

• Median Home Value Percent Growth (2009 to 2023): 203.06%

13. Hemet, California

• June 2009 Home Value: $135,762

• February 2023 Home Value: $412,012  

• Median Home Value Dollar Growth (2009 to 2023): $276,250  

• Median Home Value Percent Growth (2009 to 2023): 203.48%

12. Huntsville, Alabama

• June 2009 Home Value: $84,865

• February 2023 Home Value: $257,800  

• Median Home Value Dollar Growth (2009 to 2023): $172,936 

• Median Home Value Percent Growth (2009 to 2023): 203.78%

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11. Peris, California

• June 2009 Home Value: $161,517

• February 2023 Home Value: $490,994 

• Median Home Value Dollar Growth (2009 to 2023): $329,478 

• Median Home Value Percent Growth (2009 to 2023): 203.99%  

_{Pictured: Riverside, California}

10. Lithonia, Georgia

• June 2009 Home Value: $87,003

• February 2023 Home Value: $265,936  

• Median Home Value Dollar Growth (2009 to 2023): $178,934 

• Median Home Value Percent Growth (2009 to 2023): 205.66% 

9. St. Petersburg, Florida

• June 2009 Home Value: $115,281  

• February 2023 Home Value: $355,245  

• Median Home Value Dollar Growth (2009 to 2023): $239,964  

• Median Home Value Percent Growth (2009 to 2023): 208.16%

8. Stockton, California

• June 2009 Home Value: $135,965  

• February 2023 Home Value: $420,732  

• Median Home Value Dollar Growth (2009 to 2023): $284,767  

• Median Home Value Percent Growth (2009 to 2023): 209.44%

Read: 8 Places in California Where Home Prices Have Plummeted

7. Merced, California

• June 2009 Home Value: $117,565  

• February 2023 Home Value: $366,010  

• Median Home Value Dollar Growth (2009 to 2023): $248,444  

• Median Home Value Percent Growth (2009 to 2023): 211.32%  

6. Miami Gardens, Florida

• June 2009 Home Value: $126,465 

• February 2023 Home Value: $405,497  

• Median Home Value Dollar Growth (2009 to 2023): $279,032  

• Median Home Value Percent Growth (2009 to 2023): 220.64%  

5. San Bernardino, California

• June 2009 Home Value: $140,021  

• February 2023 Home Value: $453,649  

• Median Home Value Dollar Growth (2009 to 2023): $313,629  

• Median Home Value Percent Growth (2009 to 2023): 223.99%

4. Fort Pierce, Florida

• June 2009 Home Value: $81,424 

• February 2023 Home Value: $272,069 

• Median Home Value Dollar Growth (2009 to 2023): $190,645 

• Median Home Value Percent Growth (2009 to 2023): 234.14%

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3. Richmond, California

• June 2009 Home Value: $186,005 

• February 2023 Home Value: $637,202 

• Median Home Value Dollar Growth (2009 to 2023): $451,197 

• Median Home Value Percent Growth (2009 to 2023): 242.57%

2. LeHigh Acres, Florida

• June 2009 Home Value: $67,222 

• February 2023 Home Value: $252,472 

• Median Home Value Dollar Growth (2009 to 2023): $185,250 

• Median Home Value Percent Growth (2009 to 2023): 275.58%

1. Kansas City, Kansas

• June 2009 Home Value: $40,019  

• February 2023 Home Value: $163,853 

• Median Home Value Dollar Growth (2009 to 2023): $123,834  

• Median Home Value Percent Growth (2009 to 2023): 309.44%  

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Jordan Rosenfeld contributed to the reporting of this article.

This article originally appeared on GOBankingRates.com: Home Values in These Cities Have Grown the Most Since the Last Recession