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

JACKSONVILLE, Fla. – It’s no secret that home prices all across Florida have been on the rise in recent years.

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.

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So when it comes to rising home prices, which 10 cities in Florida have the fastest appreciating values?

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

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.

But at the top spot on the list is the tiny city of Clewiston, with a population of just over 7,300.

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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 be more homes available, Zillow said.