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 Homosassa Springs metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.
#7. Beverly Hills, FL
- Typical home value: $237,724
- 1-year price change: -3.2%
- 5-year price change: +26.3%
#6. Inverness, FL
- Typical home value: $242,117
- 1-year price change: -1.8%
- 5-year price change: +28.8%
#5. Crystal River, FL
- Typical home value: $273,982
- 1-year price change: -3.1%
- 5-year price change: +20.8%
#4. Floral City, FL
- Typical home value: $277,277
- 1-year price change: +1.5%
- 5-year price change: +37.7%
#3. Homosassa, FL
- Typical home value: $307,931
- 1-year price change: -2.7%
- 5-year price change: +22.7%
#2. Lecanto, FL
- Typical home value: $341,087
- 1-year price change: -0.9%
- 5-year price change: +25.8%
#1. Hernando, FL
- Typical home value: $357,835
- 1-year price change: -1.6%
- 5-year price change: +23.9%
