Cities where home prices are hitting new highs

Home value now*: $221,300
Housing boom peak: $192,600

Another shining star in the Lone Star State, Austin was the fastest growing city in the nation last year -- creating a big demand for housing in the area.

The biggest driver: Tech jobs.

Austin's massive University of Texas has not only spawned many local tech start-ups, it has also attracted a number of big tech companies -- Apple (AAPL), Google (GOOG), Facebook (FB), Intel (INTC) -- looking to recruit young talent. Local employers have to compete with other tech cities for those workers.

All of those high-paying tech joWhile bs have driven home prices to a median $221,000, 30% higher than the national median. Homes are also 15% more expensive than Austin's housing boom peak of $192,600, set in November, 2007.

First published April 22, 2014: 7:03 PM ET

Source: Zillow
Zillow home values are the median estimated home value for a given geographic area in March 2014, and includes the value of all single-family residences, condominiums and cooperatives, regardless of whether they sold within a given period. It is expressed in dollars, and seasonally adjusted.

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