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 $349,216 in February, 4.2% higher than the year before.
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High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.
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 The Villages metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 8 cities and towns with data available were included in the list.
#8. Coleman, FL
- Typical home value: $189,806 - 1-year price change: -2.7% - 5-year price change: +69.5%
#7. Lake Panasoffkee, FL
- Typical home value: $205,112 - 1-year price change: +2.6% - 5-year price change: +74.0%
#6. Bushnell, FL
- Typical home value: $279,780 - 1-year price change: +1.0% - 5-year price change: +65.9%
#5. Webster, FL
- Typical home value: $283,128 - 1-year price change: +2.7% - 5-year price change: +71.5%
#4. Wildwood, FL
- Typical home value: $309,935 - 1-year price change: +2.2% - 5-year price change: +62.0%
#3. Center Hill, FL
- Typical home value: $318,479 - 1-year price change: -0.9% - 5-year price change: +62.7%
#2. Oxford, FL
- Typical home value: $361,714 - 1-year price change: +0.4% - 5-year price change: +46.7%
#1. The Villages, FL
- Typical home value: $407,528 - 1-year price change: -3.5% - 5-year price change: +42.6%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.