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 $362,117 in October, 0.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of November 20, the
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 Sebring metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 5 cities and towns with data available were included in the list.
Stacker
#5. Avon Park, FL
- Typical home value: $206,108
- 1-year price change: -3.7%
- 5-year price change: +56.8%
Stacker
#4. Lake Placid, FL
- Typical home value: $237,754
- 1-year price change: -2.6%
- 5-year price change: +55.8%
Stacker
#3. Sebring, FL
- Typical home value: $238,068
- 1-year price change: -2.8%
- 5-year price change: +52.5%
Stacker
#2. Lorida, FL
- Typical home value: $253,584
- 1-year price change: -3.4%
- 5-year price change: +50.8%
Stacker
#1. Venus, FL
- Typical home value: $347,749
- 1-year price change: -1.0%
- 5-year price change: +59.2%
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