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MIAMI — Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $349,216 in February, 4.2% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of April 19, the 30year fixed mortgage rate sits near 7%.
Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in Florida using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of February 2024. The charts in this story were created automatically using Matplotlib.
Metros with the most cities in the top 30 in Florida:
Miami-Fort Lauderdale-Pompano Beach: 16
Cape Coral-Fort Myers: 3
Key West: 3
North Port-Sarasota-Bradenton: 3
Orlando-Kissimmee-Sanford: 2
Port St. Lucie: 2
Sebastian-Vero Beach: 1
Most expensive homes:
30. Key Largo
Typical home value: $1,076,362
1-year price change: +4.6%
5-year price change: +77.1%
Metro area: Key West
29. Parkland
Typical home value: $1,082,138
1-year price change: +3.2%
5-year price change: +66.2%
Metro area: Miami-Fort Lauderdale-Pompano Beach
28. Summerland Key
Typical home value: $1,115,055
1-year price change: +4.6%
5-year price change: +85.5%
Metro area: Key West
27. Longboat Key
Typical home value: $1,125,582
1-year price change: 3.5%
5-year price change: +67.4%
Metro area: North Port-Sarasota-Bradenton
26. Holmes Beach
Typical home value: $1,136,803
1-year price change: 5.7%
5-year price change: +81.2%
Metro area: North Port-Sarasota-Bradenton
25. Lake Hart
Typical home value: $1,137,354
1-year price change: +7.2%
5-year price change: +79.9%
Metro area: Orlando-Kissimmee-Sanford
24. Surfside
Typical home value: $1,198,850
1-year price change: +3.9%
5-year price change: +79.8%
Metro area: Miami-Fort Lauderdale-Pompano Beach
23. Miromar Lakes
Typical home value: $1,254,828
1-year price change: +3.5%
5-year price change: +76.8%
Metro area: Cape Coral-Fort Myers
22. Islamorada
Typical home value: $1,278,629
1-year price change: +3.7%
5-year price change: +90.1%
Metro area: Key West
21. Southwest Ranches
Typical home value: $1,316,076
1-year price change: +8.0%
5-year price change: +90.8%
Metro area: Miami-Fort Lauderdale-Pompano Beach
20. Sewalls Point
Typical home value: $1,328,307
1-year price change: +3.1%
5-year price change: +79.9%
Metro area: Port St. Lucie
19. Coral Gables
Typical home value: $1,410,357
1-year price change: +9.1%
5-year price change: +82.5%
Metro area: Miami-Fort Lauderdale-Pompano Beach
18. Indian River Shores
Typical home value: $1,418,327
1-year price change: 0.5%
5-year price change: +79.2%
Metro area: Sebastian-Vero Beach
17. Ocean Ridge
Typical home value: $1,431,820
1-year price change: +3.0%
5-year price change: +96.0%
Metro area: Miami-Fort Lauderdale-Pompano Beach
16. Captiva
Typical home value: $1,451,240
1-year price change: 9.0%
5-year price change: +47.7%
Metro area: Cape Coral-Fort Myers
15. Key Biscayne
Typical home value: $1,619,234
1-year price change: 0.9%
5-year price change: +42.8%
Metro area: Miami-Fort Lauderdale-Pompano Beach
14. Sea Ranch Lakes
Typical home value: $1,840,295
1-year price change: +15.3%
5-year price change: +116.4%
Metro area: Miami-Fort Lauderdale-Pompano Beach
13. Bal Harbour
Typical home value: $1,846,978
1-year price change: +0.2%
5-year price change: +47.8%
Metro area: Miami-Fort Lauderdale-Pompano Beach
12. Pinecrest
Typical home value: $1,998,146
1-year price change: +7.8%
5-year price change: +101.6%
Metro area: Miami-Fort Lauderdale-Pompano Beach
11. Palm Beach
Typical home value: $2,107,992
1-year price change: 3.1%
5-year price change: +92.5%
Metro area: Miami-Fort Lauderdale-Pompano Beach
10. Anna Maria
Typical home value: $2,231,926
1-year price change: 7.6%
5-year price change: +116.7%
Metro area: North Port-Sarasota-Bradenton
9. Gulf Stream
Typical home value: $2,711,138
1-year price change: 0.2%
5-year price change: +95.1%
Metro area: Miami-Fort Lauderdale-Pompano Beach
8. Golf
Typical home value: $2,820,041
1-year price change: +8.2%
5-year price change: +141.9%
Metro area: Miami-Fort Lauderdale-Pompano Beach
7. Boca Grande
Typical home value: $3,223,278
1-year price change: 8.3%
5-year price change: +98.1%
Metro area: Cape Coral-Fort Myers
6. Jupiter Inlet Colony
Typical home value: $3,656,196
1-year price change: +1.6%
5-year price change: +143.2%
Metro area: Miami-Fort Lauderdale-Pompano Beach
5. Manalapan
Typical home value: $4,079,567
1-year price change: +1.8%
5-year price change: +111.1%
Metro area: Miami-Fort Lauderdale-Pompano Beach
4. Lake Buena Vista
Typical home value: $5,130,016
1-year price change: +4.9%
5-year price change: data not available
Metro area: Orlando-Kissimmee-Sanford
3. Fisher Island
Typical home value: $5,907,819
1-year price change: +7.7%
5-year price change: +68.9%
Metro area: Miami-Fort Lauderdale-Pompano Beach
2. Golden Beach
Typical home value: $7,500,091
1-year price change: 2.9%
5-year price change: +88.1%
Metro area: Miami-Fort Lauderdale-Pompano Beach
1. Jupiter Island
Typical home value: $9,976,895
1-year price change: 6.2%
5-year price change: +71.6%
Metro area: Port St. Lucie
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