Cities with the most expensive homes in Florida
Purchasing a home is among the most important investments a person will make in their lifetime. 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—and, increasingly, is a huge barrier—for buyers.
In March, the typical home value in the United States was $355,696—4.6% higher than the previous year.
High mortgage rates have also had a major impact on affordability: As of April 25, the 30-year fixed mortgage rate stands at 7.17%, three points higher than the average mortgage American households are sitting on. That disparity has kept many people in homes they might otherwise leave—to pursue another job, to downsize, or to upsize—further squeezing an already-tight market.
While home prices are up across the U.S., certain cities command significantly higher prices than others. Location, size, age, and condition are all contributing factors to home values.
Stacker compiled a list of cities with the most expensive homes in Florida using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of March 2024. The charts in this story were created automatically using Matplotlib.
Metros with the most cities in the top 30 in Florida
#1. Miami-Fort Lauderdale-Pompano Beach, FL: 15
#2. Key West, FL: 4
#3. Cape Coral-Fort Myers, FL: 3
#3. North Port-Sarasota-Bradenton, FL: 3
#5. Orlando-Kissimmee-Sanford, FL: 2
#5. Port St. Lucie, FL: 2
#7. Sebastian-Vero Beach, FL: 1
#30. Key West
- Typical home value: $1,102,802
- 1-year price change: +7.3%
- 5-year price change: +66.0%
- Metro area: Key West, FL
#29. Key Largo
- Typical home value: $1,110,539
- 1-year price change: +5.6%
- 5-year price change: +78.5%
- Metro area: Key West, FL
#28. Longboat Key
- Typical home value: $1,132,237
- 1-year price change: -2.7%
- 5-year price change: +67.9%
- Metro area: North Port-Sarasota-Bradenton, FL
#27. Summerland Key
- Typical home value: $1,145,086
- 1-year price change: +5.5%
- 5-year price change: +87.0%
- Metro area: Key West, FL
#26. Holmes Beach
- Typical home value: $1,149,326
- 1-year price change: -4.1%
- 5-year price change: +81.5%
- Metro area: North Port-Sarasota-Bradenton, FL
#25. Lake Hart
- Typical home value: $1,159,778
- 1-year price change: +8.3%
- 5-year price change: +81.6%
- Metro area: Orlando-Kissimmee-Sanford, FL
#24. Surfside
- Typical home value: $1,244,283
- 1-year price change: +5.3%
- 5-year price change: +81.8%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#23. Miromar Lakes
- Typical home value: $1,302,078
- 1-year price change: +3.7%
- 5-year price change: +77.7%
- Metro area: Cape Coral-Fort Myers, FL
#22. Islamorada
- Typical home value: $1,305,444
- 1-year price change: +4.3%
- 5-year price change: +90.6%
- Metro area: Key West, FL
#21. Southwest Ranches
- Typical home value: $1,351,833
- 1-year price change: +9.7%
- 5-year price change: +93.8%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#20. Sewalls Point
- Typical home value: $1,365,853
- 1-year price change: +3.9%
- 5-year price change: +81.9%
- Metro area: Port St. Lucie, FL
#19. Indian River Shores
- Typical home value: $1,461,278
- 1-year price change: +0.5%
- 5-year price change: +80.4%
- Metro area: Sebastian-Vero Beach, FL
#18. Coral Gables
- Typical home value: $1,465,374
- 1-year price change: +10.3%
- 5-year price change: +84.0%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#17. Ocean Ridge
- Typical home value: $1,485,858
- 1-year price change: +4.6%
- 5-year price change: +96.9%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#16. Captiva
- Typical home value: $1,488,117
- 1-year price change: -7.3%
- 5-year price change: +47.1%
- Metro area: Cape Coral-Fort Myers, FL
#15. Key Biscayne
- Typical home value: $1,634,267
- 1-year price change: +0.1%
- 5-year price change: +43.8%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#14. Sea Ranch Lakes
- Typical home value: $1,849,281
- 1-year price change: +17.0%
- 5-year price change: +119.9%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#13. Bal Harbour
- Typical home value: $1,900,076
- 1-year price change: +1.9%
- 5-year price change: +49.0%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#12. Pinecrest
- Typical home value: $2,049,984
- 1-year price change: +9.4%
- 5-year price change: +104.5%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#11. Palm Beach
- Typical home value: $2,175,876
- 1-year price change: +0.3%
- 5-year price change: +95.2%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#10. Anna Maria
- Typical home value: $2,244,858
- 1-year price change: -5.5%
- 5-year price change: +119.0%
- Metro area: North Port-Sarasota-Bradenton, FL
#9. Gulf Stream
- Typical home value: $2,800,052
- 1-year price change: +1.9%
- 5-year price change: +97.2%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#8. Golf
- Typical home value: $2,928,650
- 1-year price change: +9.8%
- 5-year price change: +141.9%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#7. Boca Grande
- Typical home value: $3,292,240
- 1-year price change: -5.1%
- 5-year price change: +98.0%
- Metro area: Cape Coral-Fort Myers, FL
#6. Jupiter Inlet Colony
- Typical home value: $3,711,917
- 1-year price change: +3.8%
- 5-year price change: +140.7%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#5. Manalapan
- Typical home value: $4,231,793
- 1-year price change: +4.3%
- 5-year price change: +112.1%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#4. Lake Buena Vista
- Typical home value: $5,196,902
- 1-year price change: +4.7%
- 5-year price change: data not available
- Metro area: Orlando-Kissimmee-Sanford, FL
#3. Fisher Island
- Typical home value: $6,330,794
- 1-year price change: +8.4%
- 5-year price change: +72.3%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#2. Golden Beach
- Typical home value: $7,569,295
- 1-year price change: -1.4%
- 5-year price change: +89.2%
- Metro area: Miami-Fort Lauderdale-Pompano Beach, FL
#1. Jupiter Island
- Typical home value: $9,833,089
- 1-year price change: -4.2%
- 5-year price change: +73.6%
- Metro area: Port St. Lucie, FL
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 50 states.
