A recent report from real estate news site South Florida Agent shows that out of all 50 states, Florida’s home value increases are among the highest.The report cites Zillow‘s Home Value Index and Architecture Lab‘s rankings.
“Florida ranked No. 2: A decade ago, the average home was valued at $144,464. Last year, however, that value had jumped 164% to $381,922,” South Florida Agent reported.
In a press release, Architecture Lab CEO Anton Giuroiu said nearly half of all US states have seen their home values double.
“While some states have seen a lot smaller increases, many of them had higher end values to begin with, showing that lower value states are just catching up, Giuroiu said. “With how high some values are reaching on average in each state, even simple modifications to your home can make these numbers fluctuate a lot.”
Below is a chart from Architecture Lab which shows the top ten states for the highest percentage increase in average home value from 2013 to 2023.
