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Georgia

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Georgia

Biggest home price increase projected in 2014: Columbus metro

Forecast 4-year price increase: 19.5 percent
Current median price: $100,071*
Prices to reach trough in: 2010 Q2
Median family income: $49,900
Population: 292,800

The Columbus metro area, which includes areas in both Georgia and Alabama, has an unemployment rate of 9.7 percent, according to June data from the BLS. A $3.5 billion expansion of Fort Benning, one of the nation’s largest army bases, is expected to create more than 11,000 jobs among active-duty soldiers, and a $72-million business park planned near the fort could employ more than 1,000 within five years, reported the Atlanta Business Chronicle. Atlanta has the state’s second-highest forecast price increase, at 11.8 percent.

Index used to calculate historical home price changes: FHFA

* Source: John Burns Real Estate Consulting, April 2010