Cities with the most expensive homes in Miami metro area
Cities with the most expensive homes in Miami metro area
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. Given the current state of the real estate market, housing affordability plays a determining role for buyers. As of April 4, 2023, the 30-year fixed mortgage rate sits at 6.3%. As a result of higher mortgage rates across the board, home prices have risen significantly. The typical home value in the United States increased over the last year by 4.4% to $328,604.
Although home prices have inflated all across the U.S., there are definitely certain areas that have a higher price tag than others. Location, size, age, and condition are all contributing factors to home value. Whether you choose to hold off your home-buying plans in hopes of the market cooling down or are looking to buy ASAP, it's good to educate yourself on the market in different cities.
Stacker compiled a list of cities with the most expensive homes in Miami using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of February 2023. The ZVHI represents a seasonally adjusted price for the middle market for all homes. Data was available for 144 cities and towns in Miami. Charts for each city show the monthly typical home value since January 2018.
#30. Wellington, FL
- Typical home value: $628,013
- 1-year price change: +9.5%
- 5-year price change: +58.2%
#29. Jupiter, FL
- Typical home value: $654,668
- 1-year price change: +9.5%
- 5-year price change: +68.1%
#28. Weston, FL
- Typical home value: $659,536
- 1-year price change: +10.5%
- 5-year price change: +48.3%
#27. Loxahatchee Groves, FL
- Typical home value: $673,339
- 1-year price change: +15.1%
- 5-year price change: +78.5%
#26. Sunny Isles Beach, FL
- Typical home value: $691,623
- 1-year price change: +12.2%
- 5-year price change: +56.9%
#25. Palm Beach Shores, FL
- Typical home value: $695,363
- 1-year price change: +13.9%
- 5-year price change: +88.9%
#24. El Portal, FL
- Typical home value: $742,154
- 1-year price change: +17.2%
- 5-year price change: +81.7%
#23. Lighthouse Point, FL
- Typical home value: $751,451
- 1-year price change: +12.6%
- 5-year price change: +74.5%
#22. South Miami, FL
- Typical home value: $785,671
- 1-year price change: +14.7%
- 5-year price change: +71.5%
#21. Juno Beach, FL
- Typical home value: $798,137
- 1-year price change: +11.2%
- 5-year price change: +76.4%
#20. Biscayne Park, FL
- Typical home value: $806,363
- 1-year price change: +16.7%
- 5-year price change: +69.9%
#19. Highland Beach, FL
- Typical home value: $882,799
- 1-year price change: +10.1%
- 5-year price change: +57.5%
#18. Village of Palmetto Bay, FL
- Typical home value: $910,808
- 1-year price change: +15.2%
- 5-year price change: +68.2%
#17. Miami Shores, FL
- Typical home value: $966,593
- 1-year price change: +18.2%
- 5-year price change: +80.0%
#16. Parkland, FL
- Typical home value: $996,245
- 1-year price change: +12.4%
- 5-year price change: +67.7%
#15. Surfside, FL
- Typical home value: $1,036,878
- 1-year price change: +20.7%
- 5-year price change: +73.8%
#14. Southwest Ranches, FL
- Typical home value: $1,129,399
- 1-year price change: +12.9%
- 5-year price change: +87.9%
#13. Coral Gables, FL
- Typical home value: $1,215,405
- 1-year price change: +20.0%
- 5-year price change: +75.0%
#12. Ocean Ridge, FL
- Typical home value: $1,457,858
- 1-year price change: +11.6%
- 5-year price change: +103.5%
#11. Key Biscayne, FL
- Typical home value: $1,496,602
- 1-year price change: +15.9%
- 5-year price change: +34.1%
#10. Bal Harbour, FL
- Typical home value: $1,600,738
- 1-year price change: +14.5%
- 5-year price change: +67.9%
#9. Sea Ranch Lakes, FL
- Typical home value: $1,691,629
- 1-year price change: +17.2%
- 5-year price change: +86.0%
#8. Pinecrest, FL
- Typical home value: $1,748,402
- 1-year price change: +25.6%
- 5-year price change: +94.4%
#7. Palm Beach, FL
- Typical home value: $1,882,799
- 1-year price change: +32.4%
- 5-year price change: +149.1%
#6. Golf, FL
- Typical home value: $2,393,218
- 1-year price change: +19.7%
- 5-year price change: +126.6%
#5. Gulf Stream, FL
- Typical home value: $2,529,947
- 1-year price change: +12.1%
- 5-year price change: +103.8%
#4. Jupiter Inlet Colony, FL
- Typical home value: $3,519,271
- 1-year price change: +14.0%
- 5-year price change: +92.1%
#3. Fisher Island, FL
- Typical home value: $3,921,810
- 1-year price change: +13.5%
- 5-year price change: +100.8%
#2. Manalapan, FL
- Typical home value: $3,940,952
- 1-year price change: +18.4%
- 5-year price change: +116.5%
#1. Golden Beach, FL
- Typical home value: $6,931,246
- 1-year price change: +13.9%
- 5-year price change: +112.3%
