Zillow calculates annual home-sale returns by city
West Coast homeowners, not surprisingly, see the biggest gains when they sell their home, according to a new Zillow analysis.
The report compared the price of homes sold in 2016 with their original purchase price. Factoring in how long the home was owned, the report calculated how much homes appreciated each year.
In Oakland, California, homeowners sold their home for 78 percent more on average than they paid for it, an annual average return of 10.7 percent, or $33,913 gained each year.
After Oakland were: San Jose, California ($30,562 a year), Boston ($25,036) and Los Angeles ($23,200). The average Columbusarea owner saw an annual return of 2.1 percent, or $2,323 a year.