Owners of affordable homes in the Tampa Bay region are seeing the biggest gains in equity among the nation's top 20 housing markets. A bay area home now worth $110,000 rose 20 percent in value over the past year while a house now worth $337,400 increased only 1.4 percent, according to Zillow. Over a five-year period, the difference was also striking: The inexpensive house nearly doubled in value while the expensive one was worth 43 percent more.
Nationally, starter homes have gained 44 percent in equity over the past year compared to 27 percent for expensive homes. Seattle and the San Francisco Bay area are the only large markets where the most valuable homes are gaining value faster than affordable ones, Zillow found.