Cities with the fastest growing home prices in Sebastian metro area

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January 19, 2023
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Cities with the fastest growing home prices in Sebastian 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 Sebastian-Vero 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. All 4 cities and towns with data available were included in the list.

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1 / 4
Stacker

#4. Fellsmere, FL

- 1-year price change: +$50,089 (+23.6%)
- 5-year price change: +$114,264 (+77.3%)
- Typical home value: $262,113 (#4 most expensive city in metro)
2 / 4
Stacker

#3. Sebastian, FL

- 1-year price change: +$55,378 (+17.7%)
- 5-year price change: +$166,154 (+81.9%)
- Typical home value: $368,959 (#3 most expensive city in metro)
3 / 4
Stacker

#2. Vero Beach, FL

- 1-year price change: +$68,900 (+21.4%)
- 5-year price change: +$180,004 (+85.3%)
- Typical home value: $390,916 (#2 most expensive city in metro)
4 / 4
Stacker

#1. Indian River Shores, FL

- 1-year price change: +$449,664 (+34.9%)
- 5-year price change: +$829,256 (+91.4%)
- Typical home value: $1,737,018 (#1 most expensive city in metro)

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