Cities with the fastest growing home prices in Miami metro area
Cities with the fastest growing home prices in Miami metro area
It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.
The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.
Stacker compiled a list of cities with the fastest-growing home prices in Miami-Fort Lauderdale-Pompano Beach, FL metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. Data was available for 149 cities and towns in Miami.
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#30. Palm Beach Gardens, FL
- 5-year price change: +$304,591 (+81.0%)
- Typical home value: $680,669 (#33 most expensive city in metro)
#29. Glen Ridge, FL
- 5-year price change: +$309,725 (+79.6%)
- Typical home value: $699,020 (#29 most expensive city in metro)
#28. Jupiter, FL
- 5-year price change: +$333,482 (+85.7%)
- Typical home value: $722,481 (#27 most expensive city in metro)
#27. Lighthouse Point, FL
- 5-year price change: +$355,365 (+81.8%)
- Typical home value: $790,019 (#26 most expensive city in metro)
#26. Tequesta, FL
- 5-year price change: +$351,931 (+98.7%)
- Typical home value: $708,507 (#28 most expensive city in metro)
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#25. Loxahatchee Groves, FL
- 5-year price change: +$375,001 (+83.6%)
- Typical home value: $823,602 (#25 most expensive city in metro)
#24. South Miami, FL
- 5-year price change: +$387,718 (+75.7%)
- Typical home value: $900,099 (#21 most expensive city in metro)
#23. Biscayne Park, FL
- 5-year price change: +$390,566 (+85.1%)
- Typical home value: $849,271 (#23 most expensive city in metro)
#22. Highland Beach, FL
- 5-year price change: +$385,097 (+64.0%)
- Typical home value: $987,188 (#20 most expensive city in metro)
#21. El Portal, FL
- 5-year price change: +$412,241 (+94.5%)
- Typical home value: $848,440 (#24 most expensive city in metro)
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#20. Village of Palmetto Bay, FL
- 5-year price change: +$444,757 (+78.5%)
- Typical home value: $1,011,501 (#18 most expensive city in metro)
#19. Palm Beach Shores, FL
- 5-year price change: +$442,344 (+103.9%)
- Typical home value: $867,985 (#22 most expensive city in metro)
#18. Parkland, FL
- 5-year price change: +$473,255 (+72.5%)
- Typical home value: $1,126,047 (#15 most expensive city in metro)
#17. Miami Shores, FL
- 5-year price change: +$488,411 (+85.4%)
- Typical home value: $1,060,013 (#17 most expensive city in metro)
#16. Juno Beach, FL
- 5-year price change: +$485,745 (+93.3%)
- Typical home value: $1,006,095 (#19 most expensive city in metro)
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#15. Southwest Ranches, FL
- 5-year price change: +$581,167 (+83.7%)
- Typical home value: $1,275,131 (#14 most expensive city in metro)
#14. Surfside, FL
- 5-year price change: +$409,715 (+58.4%)
- Typical home value: $1,111,810 (#16 most expensive city in metro)
#13. Key Biscayne, FL
- 5-year price change: +$443,571 (+36.2%)
- Typical home value: $1,669,543 (#11 most expensive city in metro)
#12. Bal Harbour, FL
- 5-year price change: +$429,648 (+35.4%)
- Typical home value: $1,644,295 (#12 most expensive city in metro)
#11. Coral Gables, FL
- 5-year price change: +$589,049 (+71.7%)
- Typical home value: $1,410,258 (#13 most expensive city in metro)
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#10. Sea Ranch Lakes, FL
- 5-year price change: +$767,161 (+79.8%)
- Typical home value: $1,728,093 (#10 most expensive city in metro)
#9. Ocean Ridge, FL
- 5-year price change: +$941,434 (+103.7%)
- Typical home value: $1,849,241 (#9 most expensive city in metro)
#8. Pinecrest, FL
- 5-year price change: +$929,467 (+80.9%)
- Typical home value: $2,078,761 (#8 most expensive city in metro)
#7. Golf, FL
- 5-year price change: +$1,325,097 (+91.5%)
- Typical home value: $2,773,016 (#6 most expensive city in metro)
#6. Palm Beach, FL
- 5-year price change: +$1,298,510 (+101.8%)
- Typical home value: $2,573,676 (#7 most expensive city in metro)
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#5. Gulf Stream, FL
- 5-year price change: +$1,360,932 (+91.4%)
- Typical home value: $2,849,817 (#5 most expensive city in metro)
#4. Fisher Island, FL
- 5-year price change: +$1,077,187 (+36.2%)
- Typical home value: $4,054,871 (#3 most expensive city in metro)
#3. Jupiter Inlet Colony, FL
- 5-year price change: +$1,920,335 (+117.6%)
- Typical home value: $3,552,893 (#4 most expensive city in metro)
#2. Manalapan, FL
- 5-year price change: +$1,932,426 (+85.8%)
- Typical home value: $4,185,430 (#2 most expensive city in metro)
#1. Golden Beach, FL
- 5-year price change: +$2,086,964 (+49.9%)
- Typical home value: $6,272,978 (#1 most expensive city in metro)
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