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 $363,946 in August, 0.0% lower than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 18, the
[ 30-year fixed mortgage rate ]
sits at 6.26%.
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.
Stacker
#7. Beverly Hills, FL
- Typical home value: $238,796
- 1-year price change: -5.0%
- 5-year price change: +53.9%
Stacker
#6. Inverness, FL
- Typical home value: $240,211
- 1-year price change: -5.0%
- 5-year price change: +56.1%
Stacker
#5. Floral City, FL
- Typical home value: $272,904
- 1-year price change: -3.1%
- 5-year price change: +68.4%
Stacker
#4. Crystal River, FL
- Typical home value: $274,945
- 1-year price change: -7.0%
- 5-year price change: +51.7%
Stacker
#3. Homosassa, FL
- Typical home value: $311,053
- 1-year price change: -4.8%
- 5-year price change: +52.6%
Stacker
#2. Lecanto, FL
- Typical home value: $338,331
- 1-year price change: -3.5%
- 5-year price change: +51.6%
Stacker
#1. Hernando, FL
- Typical home value: $356,911
- 1-year price change: -4.2%
- 5-year price change: +49.8%