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 $360,310 in May, 3.9% higher than the year before.
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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 Ocala metro area using Zillow data. Cities are ranked by their one-year price change as of May 2024.
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#12. Ocala, FL
- 1-year price change: +$797 (+0.3%) - 5-year price change: +$114,763 (+72.1%) - Typical home value: $273,984 (#8 most expensive city in metro)
#11. Summerfield, FL
- 1-year price change: +$2,382 (+0.8%) - 5-year price change: +$115,308 (+61.1%) - Typical home value: $303,898 (#4 most expensive city in metro)
#10. Dunnellon, FL
- 1-year price change: +$3,712 (+1.3%) - 5-year price change: +$117,904 (+72.5%) - Typical home value: $280,479 (#7 most expensive city in metro)
#9. Fort Mc Coy, FL
- 1-year price change: +$6,639 (+4.4%) - 5-year price change: +$72,932 (+84.8%) - Typical home value: $158,973 (#12 most expensive city in metro)
#8. Belleview, FL
- 1-year price change: +$7,199 (+2.9%) - 5-year price change: +$111,564 (+77.2%) - Typical home value: $255,995 (#9 most expensive city in metro)
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#7. Silver Springs, FL
- 1-year price change: +$7,325 (+3.4%) - 5-year price change: +$94,399 (+75.3%) - Typical home value: $219,710 (#11 most expensive city in metro)
#6. Ocklawaha, FL
- 1-year price change: +$9,487 (+4.0%) - 5-year price change: +$113,164 (+83.5%) - Typical home value: $248,647 (#10 most expensive city in metro)
#5. Umatilla, FL
- 1-year price change: +$9,514 (+3.4%) - 5-year price change: +$120,943 (+73.1%) - Typical home value: $286,427 (#6 most expensive city in metro)
#4. Citra, FL
- 1-year price change: +$12,986 (+4.7%) - 5-year price change: +$132,309 (+84.8%) - Typical home value: $288,367 (#5 most expensive city in metro)
#3. Weirsdale, FL
- 1-year price change: +$18,205 (+4.6%) - 5-year price change: +$168,767 (+69.4%) - Typical home value: $412,027 (#1 most expensive city in metro)
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#2. Anthony, FL
- 1-year price change: +$25,438 (+7.9%) - 5-year price change: +$161,525 (+86.3%) - Typical home value: $348,700 (#3 most expensive city in metro)
#1. Reddick, FL
- 1-year price change: +$28,240 (+7.9%) - 5-year price change: +$188,028 (+95.1%) - Typical home value: $385,742 (#2 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 378 metros.