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 $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the
[ 30-year fixed mortgage rate ]
sits at 6.55%.
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 Punta Gorda 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.
#4. Port Charlotte, FL
- Typical home value: $268,380
- 1-year price change: -7.7%
- 5-year price change: +9.2%
#3. Punta Gorda, FL
- Typical home value: $335,672
- 1-year price change: -8.3%
- 5-year price change: +7.4%
#2. Rotonda West, FL
- Typical home value: $346,721
- 1-year price change: -8.6%
- 5-year price change: +6.1%
#1. Placida, FL
- Typical home value: $478,260
- 1-year price change: -6.2%
- 5-year price change: +8.0%
