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 $363,946 in August, 0.0% lower than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 18, the
[ 30-year fixed mortgage rate ]
sits at 6.26%.
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.
Stacker
#4. Port Charlotte, FL
- Typical home value: $273,112
- 1-year price change: -11.7%
- 5-year price change: +35.7%
Stacker
#3. Punta Gorda, FL
- Typical home value: $342,871
- 1-year price change: -12.3%
- 5-year price change: +33.2%
Stacker
#2. Rotonda West, FL
- Typical home value: $352,147
- 1-year price change: -12.8%
- 5-year price change: +34.1%
Stacker
#1. Placida, FL
- Typical home value: $489,864
- 1-year price change: -12.8%
- 5-year price change: +35.0%