Bust Your Budget: 12 Cities with Sky-High Housing Prices!

Do you feel like you are overpaying for your house? Curious if you reside in a town with sky-high housing costs? Dive into our list of the top 12 housing markets that exceed their historical values by over 40%, as per the College of Business at Florida Atlantic University.

12. Port St. Lucie, Florida: +45.92% 

Port St. Lucie
Photo Credit: Shutterstock.

Port St. Lucie, known for its affordability and family-friendly atmosphere, has seen a significant increase in its housing market values. While the cost of living may be lower than the national average, the surge in housing prices is a consideration for those looking to settle in this coastal city.

11. Ocala, Florida: +45.99% 

Ocala
Photo Credit: Shutterstock.

Ocala, often dubbed the “Horse Capital of the World,” boasts a unique charm with its equestrian culture and natural beauty. Despite its appeal, the housing market has experienced a notable increase, making it essential for potential residents to weigh the costs against the benefits of living in this Florida city.

10. Winston, North Carolina: +40.96%

Winston Salem North Carolina 1
Photo Credit: Deposit Photo.

Number 10 on the list is Winston, North Carolina. Winston-Salem is a great place to live. It’s a mid-sized city in North Carolina with a small-town feel and a college atmosphere. You can enjoy lots of cool features without the hassle of living in a big city. But is the cost worth it?

9. Palm Bay, Florida: +41.00%

Palm Bay Florida
Photo Credit: Deposit Photo.

Number 9 is Palm Bay, FL. There is a great demand to live in Florida, the beauty of the state combined with mostly great weather is definitely a draw. “Florida is so overvalued almost certainly because of the increased demand to live here combined with a shortage of available housing units,” said Ken H. Johnson, an economist at FAU. 

8. Charlotte, North Carolina: +42.19%

Charlotte North Carolina
Photo Credit: Deposit Photo.

Charlotte is a great city to live in! People living here are very passionate about making it an even better place to live. Everywhere you go, you’ll feel the sense of community and friendly greetings from people you don’t even know. It’s a big city, but it still has that small-town charm.

Charlottes housing might be over priced, but according to PODS blog the cost of living is 2% below the national average. Would this entice you to try out this city?

7. Lakeland, Florida: +42.36%

Lakeland Florida
Photo Credit: Deposit Photo.

Lakeland is a fantastic city to live in. It’s close to larger cities like Tampa and Orlando, so there’s always something to do. Lakeland is known for its wildlife, lots of waterways, and its nickname – ‘Swan City’. Ken H. Johnson, an economist at FAU also said. “There are just not enough roofs to go around, given our population and Florida’s stature as a prime destination.”

6. Memphis, Tennessee: +43.35%

Memphis Tennessee
Photo Credit: Deposit Photo.

One of the benefits of living in Tennessee is no state income tax, but would another community in Tennessee be preferable to avoid the overpriced housing? Or is this thriving city full of energy the place to be?

5. Cape Coral, Florida: +43.35%

Cape Coral Florida
Photo Credit: Deposit Photo.

Nicknamed “Waterfront Wonderland,” Cape Coral is considered one of the best places to live in Florida for its low crime rate. Cape Coral is a vibrant and friendly community in Lee County. It’s famous for its 400 miles of canals, beautiful beaches, excellent golf courses and lots of activities for families and retirees.

4. North Port, Florida: +43.49%

North Port Florida
Photo Credit: Deposit Photo.

A survey from 2019 found that the majority -80% of North Port residents think the quality of living is good or excellent. People especially liked the safety, transportation, buildings, parks, health and education options, job opportunities, and community programs.

3. Tampa, Florida: +43.98%

Tampa Florida Skyline
Photo Credit: Deposit Photo.

Residents of the Tampa Bay region have the best of both worlds. On one hand, they can relax and take it easy on the beach. On the other, they can enjoy the amenities of a big city including professional sports teams, museums and lots of fun activities and places to eat.

2. Detroit, Michigan: +45.80%

Detroit Skyline

Living in Detroit might cost less than in most other US cities. Niche’s list of cities with the lowest cost of living for 2022 included Detroit. But remember that even though Detroit’s cost of living is lower than the national average, it has a high poverty rate. Also, the cost of living and housing in Detroit is getting more expensive each year, even though it’s still below the national average.

1. Atlanta, Georgia: +48.57%

Atlanta Georgia 1
Photo Credit: Deposit Photo.

Atlanta is a big city that feels like a small town. You’ll get to know lots of people no matter where you go. It’s easy to make new friends and connect with people for work. People here are very friendly! Everywhere you go, they’ll say hello, and parties and bars in the city are lively and welcoming. But the question is would you live here knowing the increased cost to buy a home?

You Might also Like:

Profit Power: Must-Have Features for Fast Home Sales!

Woman Selling Home
Photo Credit: Deposit Photos.

To maximize your chances of a quick and profitable sale, it’s crucial to make your property stand out in today’s competitive real estate market. While location and pricing are key factors, the features of your home play a significant role in attracting potential buyers.

The #1 Curb Appeal Update to Add Value to Your Home

Schanen After Edit 1 Small (1)
Photo Credit: Remodelaholic.

There are often many things that could possibly be done to help raise the value of your home but what do you spend your hard earned dollars on that will bring the greatest return?  The answer is- work on your curb appeal, specifically garage doors!

How to Identify a House with Good Bones

Couple Looking At Floorplan
Photo Credit: Shutterstock.

Now that we’ve explored the key components of a home with good bones, you might wonder how to identify such a property. Here are some tips to help you recognize a house with strong structural integrity.

What is a Terrible Home Design Trend?

Upset Women
Photo Credit: Shutterstock.

Sometimes we dream of building a new home, and what great ideas we have for it.  But we don’t want to make big mistakes, what are the horrible new home trends that we want to avoid?

10 Home Renovations that can Decrease its Value

Suprise Renovations
Photo Credit: Shutterstock.

With increasing interest rates and mortgage prices, getting the most value for your home is imperative. Homeowners and real estate agents speak about the renovations that could decrease the value of your home and why. Here are the renovations to look out for.

Website | + posts

Cassity Kmetzsch started Remodelaholic after graduating from Utah State University with a degree in Interior Design. Remodelaholic is the place to share her love for knocking out walls, and building everything back up again to not only add function but beauty to her home. Together with her husband Justin, they have remodeled 6 homes and are working on a seventh. She is a mother of four amazing girls. Making a house a home is her favorite hobby.

We love hearing from fellow Remodelaholics, so let us know what you like about this and leave any questions below in the comments. If you've followed a tutorial or been inspired by something you've seen here, we'd love to see pictures! Submit pictures here or by messaging us over on Facebook.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *