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 $367,965 in July, 0.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of August 21, the
[ 30-year fixed mortgage rate ]
sits at 6.58%.
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 the Sebastian metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 4 cities and towns with data available were included in the list.
Stacker
#4. Fellsmere, FL
- Typical home value: $236,233
- 1-year price change: -4.3%
- 5-year price change: +47.9%
Stacker
#3. Sebastian, FL
- Typical home value: $346,279
- 1-year price change: -4.4%
- 5-year price change: +47.3%
Stacker
#2. Vero Beach, FL
- Typical home value: $364,225
- 1-year price change: -5.9%
- 5-year price change: +47.9%
Stacker
#1. Indian River Shores, FL
- Typical home value: $1,377,892
- 1-year price change: -5.7%
- 5-year price change: +75.3%