OCALA, Fla. – It goes without saying that the coronavirus pandemic sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.
The pandemic became a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket.
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Since then, increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
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Stacker compiled a list of cities with the fastest-growing home prices in the Ocala metro area using data from Zillow.
Cities are ranked by 1-year price change as of April 2023. The typical home value in the United States increased over the last year by 1.5% to $339,366. All 12 cities and towns with data available were included in the list.
Stacker
#12. Weirsdale, FL
- 1-year price change: +$12,119 (+3.4%)
- 5-year price change: +$151,541 (+71.5%)
- Typical home value: $363,428 (#1 most expensive city in metro)
Stacker
#11. Dunnellon, FL
- 1-year price change: +$12,241 (+4.7%)
- 5-year price change: +$121,165 (+78.7%)
- Typical home value: $275,191 (#5 most expensive city in metro)
Stacker
#10. Fort Mc Coy, FL
- 1-year price change: +$13,178 (+9.7%)
- 5-year price change: +$75,585 (+103.8%)
- Typical home value: $148,411 (#12 most expensive city in metro)
Stacker
#9. Summerfield, FL
- 1-year price change: +$13,792 (+4.8%)
- 5-year price change: +$120,590 (+66.5%)
- Typical home value: $301,879 (#4 most expensive city in metro)
Stacker
#8. Umatilla, FL
- 1-year price change: +$13,801 (+5.4%)
- 5-year price change: +$119,406 (+79.7%)
- Typical home value: $269,306 (#7 most expensive city in metro)
Stacker
#7. Silver Springs, FL
- 1-year price change: +$14,830 (+8.4%)
- 5-year price change: +$93,168 (+94.1%)
- Typical home value: $192,139 (#11 most expensive city in metro)
Stacker
#6. Anthony, FL
- 1-year price change: +$15,279 (+5.1%)
- 5-year price change: +$148,377 (+88.7%)
- Typical home value: $315,598 (#3 most expensive city in metro)
Stacker
#5. Ocala, FL
- 1-year price change: +$16,187 (+6.4%)
- 5-year price change: +$117,443 (+77.1%)
- Typical home value: $269,680 (#6 most expensive city in metro)
Stacker
#4. Belleview, FL
- 1-year price change: +$17,786 (+7.9%)
- 5-year price change: +$106,345 (+77.8%)
- Typical home value: $243,091 (#9 most expensive city in metro)
Stacker
#3. Reddick, FL
- 1-year price change: +$18,610 (+6.1%)
- 5-year price change: +$167,083 (+106.2%)
- Typical home value: $324,365 (#2 most expensive city in metro)
Stacker
#2. Ocklawaha, FL
- 1-year price change: +$21,819 (+10.0%)
- 5-year price change: +$121,662 (+102.5%)
- Typical home value: $240,332 (#10 most expensive city in metro)
Stacker
#1. Citra, FL
- 1-year price change: +$22,742 (+9.5%)
- 5-year price change: +$131,890 (+100.8%)
- Typical home value: $262,775 (#8 most expensive city in metro)