How has Seattle recovered since the Great Recession? Click through to see Zillow's stats on Seattle, along with the 10 best (and worst) percentage growths since pre-Recession peaks
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Median home property values have increased by over 27 percent since the 2008 crash, just a decade ago Sept. 15. Click through to see the top 10 increases in median value since the notorious financial crash.Getty Images
10. Pittsburgh, Pennsylvania
Peak median value before the crash: $111,000
September 2018 median value: $141,600
Percentage change: 27.6 percent
J. Altdorfer Photography/Getty Images
9. Seattle, Washington
Peak median value before the crash: $381,400
September 2018 median value: $487,600
Percentage change: 27.8 percent
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8. San Antonio, Texas
Peak median value before the crash: $143,400
September 2018 median value: $185,900
Percentage change: 29.6 percent
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7. Houston, Texas
Peak median value before the crash: $149,600
September 2018 median value: $199,300
Percentage change: 33.2 percent
Loren Elliott, Stringer / Getty Images
6. Portland, Oregon
Peak median value before the crash: $293,700
September 2018 median value: $391,800
Percentage change: 33.4 percent
David Gn Photography/Getty Images
3. Dallas-Fort Worth, Texas
Peak median value before the crash: $152,400
September 2018 median value: $231,100
Percentage change: 51.6 percent
Westend61/Getty Images/Westend61
2. Denver, Colorado
Peak median value before the crash: $240,200
September 2018 median value: $397,800
Percentage change: 65.6 percent
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1. San Jose, California
Peak median value before the crash: $743,800
September 2018 median value: $1,292,600
Percentage change: 73.8 percent
Click through to see the cities that are the slowest to recover their former values since the crash. While they've climbed out from low values, they're still far behind their once high peaks.Getty Images
10. Sacramento, California
Peak median value before the crash: $423,300
September 2018 median value: $400,800
Percentage change: -5.3 percent
Davel5957/Getty Images/iStockphoto
9. Tampa, Florida
Peak median value before the crash: $223,500
September 2018 median value: $205,900
Percentage change: -7.9 percent
Richard Cummins/Getty Images
8. Washington D.C.
Peak median value before the crash: $435,400
September 2018 median value: $397,500
Percentage change: -8.7 percent
Danita Delimont/Getty Images/Gallo Images
7. Phoenix, Arizona
Peak median value before the crash: $284,000
September 2018 median value: $256,000
Percentage change: -9.9 percent
Jeremy Woodhouse/Getty Images
6. Baltimore, Maryland
Peak median value before the crash: $298,500
September 2018 median value: $264,700
Percentage change: -11.3 percent
Greg Pease/Getty Images
5. Miami-Fort Lauderdale, Florida
Peak median value before the crash: $311,600
September 2018 median value: $275,700
Percentage change: -11.5 percent
Lost Horizon Images/Getty Images
4. Riverside, California
Peak median value before the crash: $408,900
September 2018 median value: $358,600
Percentage change: -12.3 percent
David Liu/Getty Images
3. Chicago, Illinois
Peak median value before the crash: $254,100
September 2018 median value: $219,800
Percentage change: -13.5 percent
Kiichiro Sato/Associated Press
2. Orlando, Florida
Peak median value before the crash: $265,200
September 2018 median value: $228,700
Percentage change: -13.8 percent
Sky Noir Photography by Bill Dickinson/Getty Images
A decade after the housing market collapse, median home values nationwide are about 8.7 percent above what they were at the bubble's peak, according to a recent report from Zillow. In all, home values in 21 metros across the 35 largest U.S. markets are higher than their pre-recession peaks.
But how that average looks more locally can drastically vary.
San Jose — the leader according to Zillow's study — had a 74 percent higher median home value than at the height of the bubble, and more than double its post-crash low. Denver followed with a 66 percent increase from the bubble's peak.
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Others weren't quite as shored up. Though Las Vegas has joined Seattle with some of the steepest gains in home prices in the last year, they're still 16 percent below their pre-bust median value. Orlando and Chicago also remain nearly 14 percent below.
"A decade after the financial crisis it's clear that, just as the bust was felt very differently across the country, so has the recovery. Looking back, the housing bust was a rare historical moment when housing markets across the country moved in sync," Zillow senior economist Aaron Terrazas, said in a release.
"Homes that still are worth less than they were a decade ago mean more long-term homeowners remain tethered to underwater mortgages, still struggling to regain that lost value. In the markets that have seen the strongest recoveries, a combination of strong job growth, tight supply and low interest rates have pushed home values upward. But in places that continue to struggle, the stimulus of low mortgage rates is quickly turning to a headwind and the window for a full recovery is quickly closing."
Though Seattle figures were nowhere near that of San Jose, Denver, or even Dallas' 51.6 percent growth from pre-recession prices, Seattle enjoyed a boom that placed it largely in the "strong recovery" category.
All that added up to about 27.8 percent growth across the Seattle metro from the pre-Recession peak -- or, about 91.4 percent growth from its post-crash low.
Click through the gallery above to see Zillow's the top and bottom 10 in terms of percentage gained since their pre-Recession peaks.
SeattlePI reporter Zosha Millman can be reached at zoshamillman@seattlepi.com. Follow Zosha on Twitter at @zosham. Find more from Zosha here on her author page.
