Florida has experienced the most significant decrease in home values nationally.
While the state saw strong growth over a five-year period—nearly 47%—it is currently undergoing a sharp adjustment as prices retreat from their August 2024 peak.
U.S. online real estate marketplace Zillow looked at housing data from 2020-2025 to determine which states have seen the biggest changes in property values over the past year and five years.
According to Zillow’s Home Value Index metric, which estimates the typical home value in an area by averaging monthly Zestimate values, in August of 2024, average Florida home value was $398,475.
In August of 2025, that home value dropped to $378,031. A 1-year dollar decrease of $20,444 dollars.
Over five years from 2020-2025, that’s a percentage change: 46.76%
Nationally, the average 2020 home value was found to be $267,853, increasing to $372,238 in 2024, and $375,810 in 2025.
Home warranty experts Cinch Home Services said markets such as Florida are adjusting after years of rapid appreciation.
The company also said it will be interesting to see how all of these values change going into 2026, as Zillow has already predicted nationwide home values to be down 0.9% by the end of the year.”
