The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $344,000 in December, 3.6% lower than the year before, but in line with seasonal trends.
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Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the fastest-growing home prices in the The Villages, FL metro area using data from Zillow. Cities are ranked by their one-year price change as of December 2023.
#8. The Villages, FL
- 1-year price change: -$17,577 (-4.1%) - 5-year price change: +$126,373 (+45.0%) - Typical home value: $407,002 (#1 most expensive city in metro)
#7. Coleman, FL
- 1-year price change: -$5,815 (-3.2%) - 5-year price change: +$74,019 (+73.3%) - Typical home value: $175,036 (#8 most expensive city in metro)
#6. Oxford, FL
- 1-year price change: -$4,639 (-1.3%) - 5-year price change: +$117,870 (+49.1%) - Typical home value: $358,056 (#2 most expensive city in metro)
#5. Center Hill, FL
- 1-year price change: -$1,750 (-0.5%) - 5-year price change: +$133,005 (+69.6%) - Typical home value: $323,981 (#3 most expensive city in metro)
#4. Bushnell, FL
- 1-year price change: -$1,019 (-0.4%) - 5-year price change: +$113,161 (+69.6%) - Typical home value: $275,777 (#6 most expensive city in metro)
#3. Webster, FL
- 1-year price change: -$207 (-0.1%) - 5-year price change: +$118,956 (+75.1%) - Typical home value: $277,339 (#5 most expensive city in metro)
#2. Wildwood, FL
- 1-year price change: +$2,159 (+0.8%) - 5-year price change: +$110,366 (+64.9%) - Typical home value: $280,356 (#4 most expensive city in metro)
#1. Lake Panasoffkee, FL
- 1-year price change: +$4,298 (+2.2%) - 5-year price change: +$91,237 (+80.9%) - Typical home value: $204,044 (#7 most expensive city in metro)
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 380 metros.