In the rapidly shifting landscape of the U.S. housing market, comprehending current trends and identifying specific market segments is crucial for both potential homeowners and real estate investors. Recent analysis by Stacker, employing data from Zillow, highlights the Port St. Lucie metro area in Florida as containing some of the most expensive cities within this region.
This research evaluates typical home values in ten cities, considering factors such as location, size, age, and property condition. This analysis is particularly significant as national home prices have reached unprecedented levels, coupled with increased mortgage rates. As of February 20, the 30-year fixed mortgage rate stood at 6.85%, influencing monthly affordability for buyers.
Top 10 Cities with High Home Values
- Jupiter Island, FL
- Typical Home Value: $9,399,460
- 1-Year Change: +0.1%
- 5-Year Change: +73.7%
- Sewalls Point, FL
- Typical Home Value: $1,299,886
- 1-Year Change: -0.9%
- 5-Year Change: +77.4%
- Palm City, FL
- Typical Home Value: $627,847
- 1-Year Change: -1.4%
- 5-Year Change: +66.8%
- Hobe Sound, FL
- Typical Home Value: $512,442
- 1-Year Change: -1.5%
- 5-Year Change: +63.9%
- Saint Lucie, FL
- Typical Home Value: $495,825
- 1-Year Change: -1.0%
- 5-Year Change: +64.5%
- Jensen Beach, FL
- Typical Home Value: $441,582
- 1-Year Change: -3.4%
- 5-Year Change: +56.6%
- Port Saint Lucie, FL
- Typical Home Value: $391,763
- 1-Year Change: -0.9%
- 5-Year Change: +65.2%
- Stuart, FL
- Typical Home Value: $391,258
- 1-Year Change: -3.0%
- 5-Year Change: +55.6%
- Fort Pierce, FL
- Typical Home Value: $267,151
- 1-Year Change: -1.5%
- 5-Year Change: +66.3%
- Indiantown, FL
- Typical Home Value: $234,486
- 1-Year Change: -3.7%
- 5-Year Change: +42.3%
Jupiter Island clearly ranks as the priciest with a typical home valued near $9.4 million. Trends across these locations show various degrees of price changes, with many cities experiencing minor decreases in year-over-year changes. This indicates potential shifts in market dynamics after the pandemic period.
For those interested in real estate investments or considering a move to the Port St. Lucie metro area, these insights can be invaluable. They provide a comprehensive snapshot of where significant returns on investment might be achievable, emphasizing the need for informed decision-making in the complex arena of property ownership.
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