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Some cities offered massive tax breaks, while others got creative with their courtship. Tucson, Arizona, sent a giant cactus to CEO Jeff Bezos and one Georgia town pledged to name an area “The city of Amazon (AMZN).”The second headquarters is expected to cost at least $5 billion and create as many as 50,000 high paying jobs no wonder cities rushed to lay out the welcome mat. It will also push up home prices and lead to new home construction in neighborhoods within commuting distance from the headquarters location, he added.When a big company moves into a new town it tends to have a ripple effect on the local economy: job creation strengthens, some wages increase and home prices rise.Just look at what happened in Reno, Nevada, after Tesla opened a massive battery factory: Home prices have soared 43% since the fall of 2014, following the start of construction on the Gigafactory, according to Daren Blomquist, senior vice president of communications at ATTOM Data Solutions.The same phenomenon occurred when Apple moved its headquarters to a new location in its home city of Cupertino, California.Related: 3 ways tax reform will hit home valuesJust how much home prices will rise in Amazon’s chosen city will depend on a variety of factors: the existing inventory, recent home price performance, demand and the space available for new construction.Of the 20 cities, those that have seen more modest home price growth than others on the list stand to gain the most, according to Blomquist.

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