Cities with the most expensive homes in the Sebastian metro area

Written by:
March 29, 2024
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Cities with the most expensive homes in the Sebastian metro area

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 $349,216 in February, 4.2% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.

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.

1 / 4
Stacker

#4. Fellsmere, FL

- Typical home value: $243,285
- 1-year price change: +5.6%
- 5-year price change: +73.7%

2 / 4
Stacker

#3. Sebastian, FL

- Typical home value: $356,266
- 1-year price change: +1.8%
- 5-year price change: +62.6%

3 / 4
Stacker

#2. Vero Beach, FL

- Typical home value: $371,903
- 1-year price change: +1.9%
- 5-year price change: +65.7%

4 / 4
Stacker

#1. Indian River Shores, FL

- Typical home value: $1,418,327
- 1-year price change: -0.5%
- 5-year price change: +79.2%

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.

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