Home prices have jumped the most in these Valley cities

Ever open Zillow to look at home prices in your neighborhood and feel your eyes pop out of your head? Do you regret not buying a home 10 years ago when you had a small hope of affording the down payment? Do you ever wonder, “Is it just me, or have home prices really gone up here in the past decade?” 

Despite a recent (small) drop in home prices, it’s not just you. It’s Phoenix. And Mesa. And 13 other Phoenix suburbs.

Phoenix and Mesa ranked 11th and 12th out of 54 cities included in Construction Coverage’s list of large U.S. cities with the biggest home price increases over the past decade. According to the construction website, housing prices in Phoenix rose 99.3% between 2016 and 2026. They went up 98.9% in Mesa in the same timeframe. According to the report, median home prices in Phoenix rose from $205,835 to $410,169 during that 10-year period, and in Mesa, they rose from $218,790 to $435,134.

Phoenix and Mesa ranked 207th and 210th in the overall list of 691 cities ––– large, midsize and small ––– included in the study. In all, fifteen Phoenix suburbs were included in the list. Arizona as a state ranked 14th in the country, with a 94.3% increase in home prices between 2016 and 2026.

For the study, Construction Coverage analyzed data from Zillow and the U.S. Census Bureau, defining large cities as having more than 350,000 people, midsize as having 150,000 to 350,000 and small as having less than 150,000. It compared median home values in each city in March 2016 with the same metric from March 2026. Construction Coverage then used Census Bureau data to calculate percentage changes in median household income for each city between 2014 and 2024.

Here’s how the 15 different Phoenix suburbs ranked for home price increases in the past decade.