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What Homes Will Be Worth in These 29 Florida Cities by This Time Next Year

July 11, 2024

6 min Read

Written by Gabrielle Olya

Edited by Ashley Almario

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Home prices and mortgage rates in many Florida cities have been skyrocketing — but will this trend continue or will real estate prices start evening out?

To find out, GOBankingRates used the Zillow Home Value Forecast tool to find the projected home values in several of Florida’s metro areas for the next month, three months and one year.

Here’s a look at what homes will be worth in these 29 Florida cities over the next year.

Miami

Current average home value (February 2024): $477,917
Projected average home value for March 2024: $479,828
Projected average home value for May 2024: $481,740
Projected average home value for February 2025: $489,865

Tampa

Current average home value (February 2024): $375,562
Projected average home value for March 2024: $376,689
Projected average home value for May 2024: $378,191
Projected average home value for February 2025: $387,204

Orlando

Current average home value (February 2024): $391,705
Projected average home value for March 2024: $392,880
Projected average home value for May 2024: $394,447
Projected average home value for February 2025: $399,931

Jacksonville

Current average home value (February 2024): $352,942
Projected average home value for March 2024: $354,001
Projected average home value for May 2024: $354,707
Projected average home value for February 2025: $359,295

North Port

Current average home value (February 2024): $454,960
Projected average home value for March 2024: $454,960
Projected average home value for May 2024: $456,780
Projected average home value for February 2025: $466,334

Cape Coral

Current average home value (February 2024): $396,012
Projected average home value for March 2024: $395,616
Projected average home value for May 2024: $396,012
Projected average home value for February 2025: $404,724

Lakeland

Current average home value (February 2024): $311,707
Projected average home value for March 2024: $312,643
Projected average home value for May 2024: $313,266
Projected average home value for February 2025: $319,500

Deltona

Current average home value (February 2024): $342,141
Projected average home value for March 2024: $342,483
Projected average home value for May 2024: $343,167
Projected average home value for February 2025: $348,299

Palm Bay

Current average home value (February 2024): $353,322
Projected average home value for March 2024: $353,676
Projected average home value for May 2024: $354,382
Projected average home value for February 2025: $359,329

Pensacola

Current average home value (February 2024): $299,950
Projected average home value for March 2024: $300,850
Projected average home value for May 2024: $302,350
Projected average home value for February 2025: $307,749

Port St. Lucie

Current average home value (February 2024): $396,822
Projected average home value for March 2024: $397,616
Projected average home value for May 2024: $398,806
Projected average home value for February 2025: $408,330

Tallahassee

Current average home value (February 2024): $271,716
Projected average home value for March 2024: $272,803
Projected average home value for May 2024: $274,434
Projected average home value for February 2025: $274,977

Naples

Current average home value (February 2024): $611,107
Projected average home value for March 2024: $612,329
Projected average home value for May 2024: $614,162
Projected average home value for February 2025: $630,662

Ocala

Current average home value (February 2024): $276,447
Projected average home value for March 2024: $276,447
Projected average home value for May 2024: $276,723
Projected average home value for February 2025: $283,911

Gainesville

Current average home value (February 2024): $296,264
Projected average home value for March 2024: $297,449
Projected average home value for May 2024: $298,930
Projected average home value for February 2025: $301,893

Crestview

Current average home value (February 2024): $438,951
Projected average home value for March 2024: $439,390
Projected average home value for May 2024: $439,390
Projected average home value for February 2025: $444,657

Punta Gorda

Current average home value (February 2024): $355,871
Projected average home value for March 2024: $355,160
Projected average home value for May 2024: $355,160
Projected average home value for February 2025: $363,701

Panama City

Current average home value (February 2024): $350,154
Projected average home value for March 2024: $351,904
Projected average home value for May 2024: $353,655
Projected average home value for February 2025: $359,258

Sebastian

Current average home value (February 2024): $374,496
Projected average home value for March 2024: $374,870
Projected average home value for May 2024: $376,368
Projected average home value for February 2025: $383,109

Homosassa Springs

Current average home value (February 2024): $277,639
Projected average home value for March 2024: $278,194
Projected average home value for May 2024: $279,305
Projected average home value for February 2025: $286,246

The Villages

Current average home value (February 2024): $399,348
Projected average home value for March 2024: $399,348
Projected average home value for May 2024: $399,748
Projected average home value for February 2025: $398,550

Sebring

Current average home value (February 2024): $239,545
Projected average home value for March 2024: $240,742
Projected average home value for May 2024: $242,659
Projected average home value for February 2025: $249,605

Key West

Current average home value (February 2024): $998,246
Projected average home value for March 2024: $999,244
Projected average home value for May 2024: $1,000,243
Projected average home value for February 2025: $1,025,199

Palatka

Current average home value (February 2024): $200,348
Projected average home value for March 2024: $201,751
Projected average home value for May 2024: $203,554
Projected average home value for February 2025: $208,162

Lake City

Current average home value (February 2024): $248,617
Projected average home value for March 2024: $250,606
Projected average home value for May 2024: $253,092
Projected average home value for February 2025: $258,810

Okeechobee

Current average home value (February 2024): $264,907
Projected average home value for March 2024: $266,761
Projected average home value for May 2024: $269,940
Projected average home value for February 2025: $278,417

Clewiston

Current average home value (February 2024): $274,997
Projected average home value for March 2024: $276,097
Projected average home value for May 2024: $278,572
Projected average home value for February 2025: $291,221

Arcadia

Current average home value (February 2024): $250,473
Projected average home value for March 2024: $251,225
Projected average home value for May 2024: $252,477
Projected average home value for February 2025: $259,240

Wauchula

Current average home value (February 2024): $209,700
Projected average home value for March 2024: $211,167
Projected average home value for May 2024: $213,055
Projected average home value for February 2025: $220,185

Disclaimer: Photos are for representational purposes only.

Methodology: For this study, GOBankingRates found the forecasted home value for metro areas in Florida. GOBankingRates first found the current average home value for all homes as sourced from the Zillow Home Value Index. The forecasted home values were found by using the Zillow Home Value Forecast to find the one-month change, three-month change and one-year change in percentages. Using the forecast data and the current value data, the forecasted value was calculated. All data was collected on and is up-to-date as of April 9, 2024.

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