There are a wide range of reasons for neighborhoods to explode in value. Sometimes it's as simple as catching the overflow from the city's larger real estate boom. Other times, it can come from a dramatic reduction in crime, the resolution of a local financial crisis or government rezoning and infrastructure development. In order to find such markets, Forbes.com compiled post-1990 price appreciation data from NeighborhoodScout.com, a Rhode Island-based real estate research firm that tracks these numbers by aggregating repeat home sales and price data from the U.S. Census Bureau, as well as quarterly mortgage data from Fannie Mae and Freddie Mac.
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