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 $367,965 in July, 0.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of August 21, the
sits at 6.58%.
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 Cape Coral metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 14 cities and towns with data available were included in the list.
Stacker
#14. North Fort Myers, FL
- Typical home value: $273,895
- 1-year price change: -9.9%
- 5-year price change: +39.5%
Stacker
#13. Lehigh Acres, FL
- Typical home value: $299,740
- 1-year price change: -7.2%
- 5-year price change: +67.7%
Stacker
#12. Fort Myers, FL
- Typical home value: $322,686
- 1-year price change: -10.9%
- 5-year price change: +43.3%
Stacker
#11. Cape Coral, FL
- Typical home value: $348,259
- 1-year price change: -9.6%
- 5-year price change: +44.5%
Stacker
#10. Bokeelia, FL
- Typical home value: $388,578
- 1-year price change: -11.3%
- 5-year price change: +44.3%
Stacker
#9. Alva, FL
- Typical home value: $396,150
- 1-year price change: -7.7%
- 5-year price change: +48.2%
Stacker
#8. Saint James City, FL
- Typical home value: $426,171
- 1-year price change: -9.1%
- 5-year price change: +42.3%
Stacker
#7. Fort Myers Beach, FL
- Typical home value: $507,125
- 1-year price change: -12.2%
- 5-year price change: +19.5%
Stacker
#6. Estero, FL
- Typical home value: $507,379
- 1-year price change: -7.8%
- 5-year price change: +54.1%
Stacker
#5. Bonita Springs, FL
- Typical home value: $522,919
- 1-year price change: -9.0%
- 5-year price change: +53.6%
Stacker
#4. Sanibel, FL
- Typical home value: $830,934
- 1-year price change: -10.9%
- 5-year price change: +13.0%
Stacker
#3. Miromar Lakes, FL
- Typical home value: $1,186,193
- 1-year price change: -5.1%
- 5-year price change: +68.3%
Stacker
#2. Captiva, FL
- Typical home value: $1,269,904
- 1-year price change: -5.7%
- 5-year price change: +34.1%
Stacker
#1. Boca Grande, FL
- Typical home value: $2,735,783
- 1-year price change: -9.4%
- 5-year price change: +64.5%
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