Cities where home prices are hitting new highs

Home value now*: $245,200
Housing boom peak: $235,700

Jobs -- in mining, energy, construction, health care and other industries -- as well as a great lifestyle, have made Denver a hotspot for newcomers.

In fact, the city was one of the fastest growing cities in the nation last year.

And home sales have been heating up as a result. According to the local Realtors association, home sales were up 26% last year alone.

That's pushed home prices higher, with values surpassing their boom time peak last summer when they hit a median of $239,000. The market has been climbing ever since.

While home prices in the Denver metro area are quite a bit higher than the U.S. average, so are household incomes at more than $61,000 a year.

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.

3 of 7