According to a report by SmartAsset, a financial technology company, several areas in Miami-Dade County are among the top 50 locations where home values are projected to see a significant increase by the summer of 2024. Here are some of the notable areas and their projected percentage increases:
-
North Miami (33161) – 8.8% increase, from $461,145 to $501,725.
-
North Miami Beach (33162) – 8.5% increase, from $443,856 to $481,584.
-
Brownsville (33142) – 8.5% increase, bringing the average home price to $407,316.
-
West Little River (33147) – 8.1% increase, from $381,529 to $412,433.
-
Miami Gardens (33169) – 7.8% increase, from $432,695 to $466,445.
-
Ives Estates (33179) – 7.8% increase, from $279,631 to $301,442.
-
Homestead (33033) – 7.7% increase, from $410,966 to $442,611.
-
Coral Gables (33134) – 7.6% increase, from $767,597 to $825,934.
-
Tamarac (33319) – 7.5% increase, from $219,632 to $236,104.
-
Westchester-Coral Terrace-Olympia Heights (33155) – 7.4% increase, from $633,657 to $680,548.
Other areas in Florida, including Fort Lauderdale, Lauderhill, Hollywood, and Pompano Beach, are also among the top 50 locations with projected home value increases.
The report notes that nearly 80% of the top 50 projected home price increases are in the southern United States, including locations in North Carolina, Georgia, South Carolina, and Texas. Rio Grande City, TX (78582), is projected to have the highest increase at 12.3%.
In major cities, Phoenix (85009) is projected to see a home value growth of 6.9%. Additionally, in Carmel Valley, CA (92130), a neighborhood in San Diego, the current average home value of $1.85 million is expected to increase by an average of $98,382 in a year’s time.
