Typical home value in US was a record $350,091 in September, 2.1% higher than in 2022

(Phelan M. Ebenhack, Copyright 2021 The Associated Press. All rights reserved)

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace.

Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was a record $350,091 in September, 2.1% higher than the year before.

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Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the fastest-growing home prices in The Villages metro area using data from Zillow. Cities are ranked by their one-year price change as of September 2023.

Stacker

#8. The Villages, FL

- 1-year price change: -$16,936 (-3.9%)
- 5-year price change: +$136,724 (+49.5%)
- Typical home value: $412,966 (#1 most expensive city in metro)

Stacker

#7. Oxford, FL

- 1-year price change: -$13,304 (-3.6%)
- 5-year price change: +$121,194 (+50.7%)
- Typical home value: $360,095 (#2 most expensive city in metro)

Stacker

#6. Center Hill, FL

- 1-year price change: -$5,853 (-1.7%)
- 5-year price change: +$145,512 (+77.9%)
- Typical home value: $332,375 (#3 most expensive city in metro)

Stacker

#5. Webster, FL

- 1-year price change: -$5,284 (-1.8%)
- 5-year price change: +$128,535 (+82.8%)
- Typical home value: $283,782 (#5 most expensive city in metro)

Stacker

#4. Bushnell, FL

- 1-year price change: -$4,646 (-1.6%)
- 5-year price change: +$121,309 (+74.2%)
- Typical home value: $284,731 (#4 most expensive city in metro)

Stacker

#3. Wildwood, FL

- 1-year price change: -$2,529 (-0.9%)
- 5-year price change: +$115,759 (+69.2%)
- Typical home value: $282,941 (#6 most expensive city in metro)

Stacker

#2. Coleman, FL

- 1-year price change: +$162 (+0.1%)
- 5-year price change: +$91,110 (+90.8%)
- Typical home value: $191,496 (#8 most expensive city in metro)

Stacker

#1. Lake Panasoffkee, FL

- 1-year price change: +$3,109 (+1.5%)
- 5-year price change: +$95,274 (+83.5%)
- Typical home value: $209,330 (#7 most expensive city in metro)

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 380 metros.

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