Here’s where the value of a home is increasing the fastest in Florida, according to Zillow

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According to Zillow, the South Florida housing market is on fire.

That isn’t good news for thousands of residents looking to buy a home, but for people who already own, it’s a welcome sight.

On its Top 10 list, 2 through 10 are all in the Miami area, with home values increasing between 13.7% and 11.3% from Feb. 2023 to Feb. 2024.Mayor Deegan’s affordable housing task force meets, gives recommendations According to Zillow, the value of homes in Clewiston, which is about 80 miles northwest of Fort Lauderdale near Lake Okeechobee, jumped 14.1% in a year to $240,966.

The value of a typical home in the US is $347,716, up 3.6% compared to last year. This spring, home buyers may continue to face affordability challenges and increased competition in the housing market — though there are likely to beDigital reporter who has lived in Jacksonville for more than 25 years and focuses on important local issues like education and the environment.

Source: News Formal (newsformal.com)

 

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