Where Are the Most Expensive Homes in Florida?

MIAMI — 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. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $349,216 in February, 4.2% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of April 19, the 30year fixed mortgage rate sits near 7%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age and condition are all contributing factors to home value.

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 February 2024. The charts in this story were created automatically using Matplotlib.

Metros with the most cities in the top 30 in Florida:

• Miami-Fort Lauderdale-Pompano Beach: 16
• Cape Coral-Fort Myers: 3
• Key West: 3
• North Port-Sarasota-Bradenton: 3
• Orlando-Kissimmee-Sanford: 2
• Port St. Lucie: 2
• Sebastian-Vero Beach: 1

Most expensive homes:

30. Key Largo

• Typical home value: $1,076,362
• 1-year price change: +4.6%
• 5-year price change: +77.1%
• Metro area: Key West

29. Parkland

• Typical home value: $1,082,138
• 1-year price change: +3.2%
• 5-year price change: +66.2%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

28. Summerland Key

• Typical home value: $1,115,055
• 1-year price change: +4.6%
• 5-year price change: +85.5%
• Metro area: Key West

27. Longboat Key

• Typical home value: $1,125,582
• 1-year price change: 3.5%
• 5-year price change: +67.4%
• Metro area: North Port-Sarasota-Bradenton

26. Holmes Beach

• Typical home value: $1,136,803
• 1-year price change: 5.7%
• 5-year price change: +81.2%
• Metro area: North Port-Sarasota-Bradenton

25. Lake Hart

• Typical home value: $1,137,354
• 1-year price change: +7.2%
• 5-year price change: +79.9%
• Metro area: Orlando-Kissimmee-Sanford

24. Surfside

• Typical home value: $1,198,850
• 1-year price change: +3.9%
• 5-year price change: +79.8%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

23. Miromar Lakes

• Typical home value: $1,254,828
• 1-year price change: +3.5%
• 5-year price change: +76.8%
• Metro area: Cape Coral-Fort Myers

22. Islamorada

• Typical home value: $1,278,629
• 1-year price change: +3.7%
• 5-year price change: +90.1%
• Metro area: Key West

21. Southwest Ranches

• Typical home value: $1,316,076
• 1-year price change: +8.0%
• 5-year price change: +90.8%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

20. Sewalls Point

• Typical home value: $1,328,307
• 1-year price change: +3.1%
• 5-year price change: +79.9%
• Metro area: Port St. Lucie

19. Coral Gables

• Typical home value: $1,410,357
• 1-year price change: +9.1%
• 5-year price change: +82.5%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

18. Indian River Shores

• Typical home value: $1,418,327
• 1-year price change: 0.5%
• 5-year price change: +79.2%
• Metro area: Sebastian-Vero Beach

17. Ocean Ridge

• Typical home value: $1,431,820
• 1-year price change: +3.0%
• 5-year price change: +96.0%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

16. Captiva

• Typical home value: $1,451,240
• 1-year price change: 9.0%
• 5-year price change: +47.7%
• Metro area: Cape Coral-Fort Myers

15. Key Biscayne

• Typical home value: $1,619,234
• 1-year price change: 0.9%
• 5-year price change: +42.8%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

14. Sea Ranch Lakes

• Typical home value: $1,840,295
• 1-year price change: +15.3%
• 5-year price change: +116.4%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

13. Bal Harbour

• Typical home value: $1,846,978
• 1-year price change: +0.2%
• 5-year price change: +47.8%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

12. Pinecrest

• Typical home value: $1,998,146
• 1-year price change: +7.8%
• 5-year price change: +101.6%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

11. Palm Beach

• Typical home value: $2,107,992
• 1-year price change: 3.1%
• 5-year price change: +92.5%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

10. Anna Maria

• Typical home value: $2,231,926
• 1-year price change: 7.6%
• 5-year price change: +116.7%
• Metro area: North Port-Sarasota-Bradenton

9. Gulf Stream

• Typical home value: $2,711,138
• 1-year price change: 0.2%
• 5-year price change: +95.1%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

8. Golf

• Typical home value: $2,820,041
• 1-year price change: +8.2%
• 5-year price change: +141.9%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

7. Boca Grande

• Typical home value: $3,223,278
• 1-year price change: 8.3%
• 5-year price change: +98.1%
• Metro area: Cape Coral-Fort Myers

6. Jupiter Inlet Colony

• Typical home value: $3,656,196
• 1-year price change: +1.6%
• 5-year price change: +143.2%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

5. Manalapan

• Typical home value: $4,079,567
• 1-year price change: +1.8%
• 5-year price change: +111.1%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

4. Lake Buena Vista

• Typical home value: $5,130,016
• 1-year price change: +4.9%
• 5-year price change: data not available
• Metro area: Orlando-Kissimmee-Sanford

3. Fisher Island

• Typical home value: $5,907,819
• 1-year price change: +7.7%
• 5-year price change: +68.9%
• Metro area: Miami-Fort Lauderdale-Pompano Beach

2. Golden Beach

•  Typical home value: $7,500,091
•  1-year price change: 2.9%
•  5-year price change: +88.1%
•  Metro area: Miami-Fort Lauderdale-Pompano Beach

1. Jupiter Island

•  Typical home value: $9,976,895
•  1-year price change: 6.2%
•  5-year price change: +71.6%
•  Metro area: Port St. Lucie

© © 19982024 WA, Nexstar Broadcasting, Inc. All rights reserved.