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
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 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: $211,142
- 1-year price change: -3.1%
- 5-year price change: +65.9%
Stacker
#4. Sebring, FL
- Typical home value: $244,352
- 1-year price change: -2.6%
- 5-year price change: +59.4%
Stacker
#3. Lake Placid, FL
- Typical home value: $249,628
- 1-year price change: -2.1%
- 5-year price change: +63.6%
Stacker
#2. Lorida, FL
- Typical home value: $261,353
- 1-year price change: -2.2%
- 5-year price change: +61.6%
Stacker
#1. Venus, FL
- Typical home value: $345,286
- 1-year price change: -2.0%
- 5-year price change: +67.2%
