Cities with the most expensive homes in the Lakeland metro area

Cities with the most expensive homes in the Lakeland metro area

Purchasing a home is one of the most important investments. 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 average home value in the United States was $358,761 in November, 2.3% higher than the previous year.

High mortgage rates are also making monthly payments more expensive; as of December 19, the

30-year fixed mortgage rate sits at 6.72%.

Although home prices have inflated all across the U.S., some cities command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

#20. Homeland, FL

– Typical home value: $205,102

– 1-year price change: +4.2%

– 5-year price change: data not available

#19. Frostproof, FL

– Typical home value: $211,852

– 1-year price change: -0.2%

– 5-year price change: +70.4%

#18. Fort Meade, FL

– Typical home value: $222,169

– 1-year price change: +1.4%

– 5-year price change: +69.4%

#17. Babson Park, FL

– Typical home value: $227,613

– 1-year price change: +0.1%

– 5-year price change: +64.4%

#16. Lake Wales, FL

– Typical home value: $248,110

– 1-year price change: +0.5%

– 5-year price change: +66.0%

#15. Hillcrest Heights, FL

– Typical home value: $265,919

– 1-year price change: +0.6%

– 5-year price change: +51.7%

#14. Highland City, FL

– Typical home value: $266,686

– 1-year price change: -1.3%

– 5-year price change: +60.7%

#13. Bartow, FL

– Typical home value: $270,062

– 1-year price change: +0.5%

– 5-year price change: +66.1%

#12. Lake Hamilton, FL

– Typical home value: $276,451

– 1-year price change: +0.5%

– 5-year price change: +60.4%

– Typical home value: $279,715

– 1-year price change: -2.2%

– 5-year price change: +59.1%

#10. Eagle Lake, FL

– Typical home value: $284,522

– 1-year price change: -0.6%

– 5-year price change: +65.3%

#9. Winter Haven, FL

– Typical home value: $285,025

– 1-year price change: -0.8%

– 5-year price change: +57.4%

#8. Mulberry, FL

– Typical home value: $295,357

– 1-year price change: -0.2%

– 5-year price change: +61.9%

#7. Lake Alfred, FL

– Typical home value: $301,295

– 1-year price change: +0.6%

– 5-year price change: +62.4%

#6. Haines City, FL

– Typical home value: $308,130

– 1-year price change: -1.1%

– 5-year price change: +58.1%

#5. Auburndale, FL

– Typical home value: $312,404

– 1-year price change: -0.4%

– 5-year price change: +61.1%

#4. Lakeland, FL

– Typical home value: $317,496

– 1-year price change: -0.3%

– 5-year price change: +62.4%

#3. Polk City, FL

– Typical home value: $327,738

– 1-year price change: +1.2%

– 5-year price change: +76.0%

#2. Highland Park, FL

– Typical home value: $340,595

– 1-year price change: +2.1%

– 5-year price change: +60.4%

#1. Davenport, FL

– Typical home value: $361,590

– 1-year price change: -1.7%

– 5-year price change: +56.3%