REVEALED: The city which has seen house prices grow the fastest in the last century - 3 times more quickly than San Francisco and NYC

REVEALED: The city which has seen house prices grow the fastest in the last century - 3 times more quickly than San Francisco and NYC READ MORE: Home prices dropping in 4 former boomtowns is a bad omen By James Cirrone For Dailymail.Com Published: 13:34 EDT, 23 July 2024 | Updated: 13:48 EDT, 23 July 2024 e-mail 3 View comments New data shows the city where housing prices have skyrocketed 16.7 times higher in the last hundred years - a rate dwarfing every other major city including San Francisco and New York City .

San Diego, the California city a half hour drive from the US-Mexico border, saw homes appreciate a whopping 1,572 percent from 1890 to 2006 when adjusted for inflation , according to a research tool created by the Federal Reserve Bank of Philadelphia. Home prices in San Francisco, routinely ranked as one of most expensive cities in the country to live in, only went 5.6 times higher, or an increase of 462 percent, over the same time period.

By comparison, real estate in New York, Boston and Los Angeles nudged up an average of 3.6 times. Here's why San Diego has seen such an shockingly outsized surge in its home prices.

Pictured: Downtown San Diego. The city has transformed into a tiny town with just over 16,000 people in 1890 to one of the largest, most expensive metros in the country The Philadelphia Fed compiled the data it used from home sales prices listed in millions of newspaper real estate listings during the tail end of the 19th century, the entire 20th cent.