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 $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the
[ 30-year fixed mortgage rate ]
sits at 6.55%.
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 the The Villages metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 8 cities and towns with data available were included in the list.
#8. Coleman, FL
- Typical home value: $193,642
- 1-year price change: +7.7%
- 5-year price change: +18.2%
#7. Lake Panasoffkee, FL
- Typical home value: $212,150
- 1-year price change: -0.8%
- 5-year price change: +24.4%
#6. Center Hill, FL
- Typical home value: $261,068
- 1-year price change: +2.9%
- 5-year price change: +26.1%
#5. Wildwood, FL
- Typical home value: $299,935
- 1-year price change: -1.3%
- 5-year price change: +30.5%
#4. Bushnell, FL
- Typical home value: $300,633
- 1-year price change: +1.1%
- 5-year price change: +33.2%
#3. Webster, FL
- Typical home value: $307,526
- 1-year price change: +0.4%
- 5-year price change: +31.2%
#2. Oxford, FL
- Typical home value: $355,758
- 1-year price change: -0.8%
- 5-year price change: data not available
#1. The Villages, FL
- Typical home value: $392,945
- 1-year price change: -1.8%
- 5-year price change: +23.0%
