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
[ 30-year fixed mortgage rate ]
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 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: $240,705
- 1-year price change: -4.4%
- 5-year price change: +56.4%
Stacker
#6. Inverness, FL
- Typical home value: $242,760
- 1-year price change: -4.4%
- 5-year price change: +58.9%
Stacker
#5. Floral City, FL
- Typical home value: $275,871
- 1-year price change: -2.6%
- 5-year price change: +71.3%
Stacker
#4. Crystal River, FL
- Typical home value: $278,735
- 1-year price change: -6.1%
- 5-year price change: +54.8%
Stacker
#3. Homosassa, FL
- Typical home value: $314,339
- 1-year price change: -4.2%
- 5-year price change: +55.1%
Stacker
#2. Lecanto, FL
- Typical home value: $342,457
- 1-year price change: -2.9%
- 5-year price change: +53.8%
Stacker
#1. Hernando, FL
- Typical home value: $361,395
- 1-year price change: -3.8%
- 5-year price change: +52.0%