Home Values In These 12 FL Counties Among Highest In Nation: See Data

FLORIDA — A dozen Florida counties have some of the most expensive house prices in the United States, according to new data. However, home values in a majority of these areas decreased by as much 5 percent in the last year.

Patch took a look at Zillow data for more than 3,000 U.S. counties, to see which places around the nation have the highest typical home values. There are 12 Florida counties among the top 10 percent of the priciest counties, the data shows. Three counties are in the top 5 percent.

We also compared how typical home prices in these counties changed from October 2023 to October 2024.

The most recent Zillow Home Value Index data is through the month of September, so it is current as of Oct. 1. The "typical home value" represents the values of all properties in the middle third of the market, not just the sale prices.

In October, three U.S. counties had typical home prices over $2 million: Nantucket County, Mass.; Pitkin County, Colo.; and Teton County, Wyo.

Here are the 12 Florida counties within the top 300, and where they fall:

20. Monroe County

• Typical home value, Oct. 2024: $1,003,565
• Percent change, 2023-2024: -0.002

72. Walton County

• Typical home value, Oct. 2024: $676,552
• Percent change, 2023-2024: -3.7

110. Collier County

• Typical home value, Oct. 2024: $593,326
• Percent change, 2023-2024: -2.2

162. Miami-Dade County

• Typical home value, Oct. 2024: $527,397
• Percent change, 2023-2024: 5.8

171. Saint Johns County

• Typical home value, Oct. 2024: $515,006
• Percent change, 2023-2024: -1.3

208. Palm Beach County

• Typical home value, Oct. 2024: $482,921
• Percent change, 2023-2024: 0.9

219. Nassau County

• Typical home value, Oct. 2024: $472,312
• Percent change, 2023-2024: 1.1

223. Martin County

• Typical home value, Oct. 2024: $469,753
• Percent change, 2023-2024: -1.2

266. Franklin County

• Typical home value, Oct. 2024: $448,111
• Percent change, 2023-2024: 3.6

276. Manatee County

• Typical home value, Oct. 2024: $442,896
• Percent change, 2023-2024: -3.7

284. Broward County

• Typical home value, Oct. 2024: $439,916
• Percent change, 2023-2024: 2.2

286. Sarasota County

• Typical home value, Oct. 2024: $438,336
• Percent change, 2023-2024: -4.9

According to a Wall Street Journal analysis, a surplus of inventory and dwindling buyer interest are slowing sales and keeping Florida homes on the market longer. Florida's population soared from 2021 to 2023 during the pandemic, but surging insurance costs, high mortgage rates and steep home prices have more people reconsidering a move to Florida, the report says.

After doubling between 2017 and 2024, home prices in much of Florida have been flat since March 2023. But with homes still valued at all-time highs in many cities, analysts think a price correction could be around the corner.

“It’s definitely been a sizable increase over the last couple of years in inventory, and that sets us apart from other states,” Brad O’Connor, chief economist at Florida Realtors, told the Wall Street Journal. “We could see some price deterioration in some areas.”