Real Estate
These FL Areas Are Among The Most Expensive In US, New Report Says
The typical home value in Florida is $392,306 — slightly higher than the nationwide value of $347,716.
FLORIDA — If you are looking to move to or within Florida, be mindful there are three counties deemed the most expensive, according to a new list that ranks 150 ZIP codes with the most expensive home prices in the U.S.
The list was created using Zillow data from February, which showed that the typical home value in Florida is $392,306 — slightly higher than the nationwide value of $347,716 and 3 percent high over the past year.
The three Florida ZIP codes with the highest typical home value as of February are Miami Beach in Miami-Dade County at 33109, Lee County at 33921 and Manatee County at 34216, data shows.
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The top three towns with the highest typical home value nationally are Atherton in San Mateo County, California, Miami Beach and Beverly Hills in Los Angeles County, California, with values at $7,482,537, $5,817,811 and $5,379,834 respectively.
If you've noticed a change in the Florida housing market recently, there is a reason. According to a recent report from Redfin, a digital real estate company, the market is returning to pre-pandemic normals.
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In the past year, home prices increased 10 percent in Fort Lauderdale, 3.8 percent in Jacksonville, 9.9 percent in Miami, 4.9 percent in Orlando, 1.5 percent in Tampa and 8.2 West Palm Beach.
Redfin reported 27,875 Florida homes had been sold as of February, an uptick of 2.2 percent in the past year. Homes stay on the market an average of 63 days.
See the top 10 Florida metros with the fastest growing sales price, per Redfin:
- Sunny Isles Beach
- Wellington
- Winter Park
- Siesta Key
- Aventura
- St. Augustine
- Vero Beach South
- Merritt Island
- Kendall
- Lake Worth
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