Cities with the fastest growing home prices in Miami metro area

Written by:
January 19, 2023
Volodymyr Kyrylyuk // Shutterstock

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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Stacker

#30. Palm Beach Gardens, FL

- 1-year price change: +$149,049 (+28.0%)
- 5-year price change: +$304,591 (+81.0%)
- Typical home value: $680,669 (#33 most expensive city in metro)
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#29. Glen Ridge, FL

- 1-year price change: +$155,369 (+28.6%)
- 5-year price change: +$309,725 (+79.6%)
- Typical home value: $699,020 (#29 most expensive city in metro)
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#28. Jupiter, FL

- 1-year price change: +$157,341 (+27.8%)
- 5-year price change: +$333,482 (+85.7%)
- Typical home value: $722,481 (#27 most expensive city in metro)
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#27. Lighthouse Point, FL

- 1-year price change: +$158,973 (+25.2%)
- 5-year price change: +$355,365 (+81.8%)
- Typical home value: $790,019 (#26 most expensive city in metro)
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#26. Tequesta, FL

- 1-year price change: +$161,408 (+29.5%)
- 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

- 1-year price change: +$175,537 (+27.1%)
- 5-year price change: +$375,001 (+83.6%)
- Typical home value: $823,602 (#25 most expensive city in metro)
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Stacker

#24. South Miami, FL

- 1-year price change: +$195,767 (+27.8%)
- 5-year price change: +$387,718 (+75.7%)
- Typical home value: $900,099 (#21 most expensive city in metro)
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#23. Biscayne Park, FL

- 1-year price change: +$196,075 (+30.0%)
- 5-year price change: +$390,566 (+85.1%)
- Typical home value: $849,271 (#23 most expensive city in metro)
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#22. Highland Beach, FL

- 1-year price change: +$208,412 (+26.8%)
- 5-year price change: +$385,097 (+64.0%)
- Typical home value: $987,188 (#20 most expensive city in metro)
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#21. El Portal, FL

- 1-year price change: +$210,708 (+33.0%)
- 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

- 1-year price change: +$226,981 (+28.9%)
- 5-year price change: +$444,757 (+78.5%)
- Typical home value: $1,011,501 (#18 most expensive city in metro)
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#19. Palm Beach Shores, FL

- 1-year price change: +$230,379 (+36.1%)
- 5-year price change: +$442,344 (+103.9%)
- Typical home value: $867,985 (#22 most expensive city in metro)
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#18. Parkland, FL

- 1-year price change: +$239,890 (+27.1%)
- 5-year price change: +$473,255 (+72.5%)
- Typical home value: $1,126,047 (#15 most expensive city in metro)
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#17. Miami Shores, FL

- 1-year price change: +$258,955 (+32.3%)
- 5-year price change: +$488,411 (+85.4%)
- Typical home value: $1,060,013 (#17 most expensive city in metro)
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#16. Juno Beach, FL

- 1-year price change: +$268,264 (+36.4%)
- 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

- 1-year price change: +$271,262 (+27.0%)
- 5-year price change: +$581,167 (+83.7%)
- Typical home value: $1,275,131 (#14 most expensive city in metro)
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#14. Surfside, FL

- 1-year price change: +$281,647 (+33.9%)
- 5-year price change: +$409,715 (+58.4%)
- Typical home value: $1,111,810 (#16 most expensive city in metro)
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#13. Key Biscayne, FL

- 1-year price change: +$322,411 (+23.9%)
- 5-year price change: +$443,571 (+36.2%)
- Typical home value: $1,669,543 (#11 most expensive city in metro)
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#12. Bal Harbour, FL

- 1-year price change: +$323,069 (+24.5%)
- 5-year price change: +$429,648 (+35.4%)
- Typical home value: $1,644,295 (#12 most expensive city in metro)
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#11. Coral Gables, FL

- 1-year price change: +$338,612 (+31.6%)
- 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

- 1-year price change: +$410,075 (+31.1%)
- 5-year price change: +$767,161 (+79.8%)
- Typical home value: $1,728,093 (#10 most expensive city in metro)
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#9. Ocean Ridge, FL

- 1-year price change: +$470,729 (+34.1%)
- 5-year price change: +$941,434 (+103.7%)
- Typical home value: $1,849,241 (#9 most expensive city in metro)
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#8. Pinecrest, FL

- 1-year price change: +$570,608 (+37.8%)
- 5-year price change: +$929,467 (+80.9%)
- Typical home value: $2,078,761 (#8 most expensive city in metro)
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#7. Golf, FL

- 1-year price change: +$663,702 (+31.5%)
- 5-year price change: +$1,325,097 (+91.5%)
- Typical home value: $2,773,016 (#6 most expensive city in metro)
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#6. Palm Beach, FL

- 1-year price change: +$734,022 (+39.9%)
- 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

- 1-year price change: +$742,067 (+35.2%)
- 5-year price change: +$1,360,932 (+91.4%)
- Typical home value: $2,849,817 (#5 most expensive city in metro)
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#4. Fisher Island, FL

- 1-year price change: +$909,798 (+28.9%)
- 5-year price change: +$1,077,187 (+36.2%)
- Typical home value: $4,054,871 (#3 most expensive city in metro)
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#3. Jupiter Inlet Colony, FL

- 1-year price change: +$922,695 (+35.1%)
- 5-year price change: +$1,920,335 (+117.6%)
- Typical home value: $3,552,893 (#4 most expensive city in metro)
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#2. Manalapan, FL

- 1-year price change: +$960,835 (+29.8%)
- 5-year price change: +$1,932,426 (+85.8%)
- Typical home value: $4,185,430 (#2 most expensive city in metro)
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#1. Golden Beach, FL

- 1-year price change: +$1,248,894 (+24.9%)
- 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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