Since the pandemic began, the average home values in the United States have certainly seen surges. This could be attributed to borrowers receiving very low mortgage rates in 2002, which led to more people buying homes, which thus increased the average costs of homes in different cities throughout the United States. From the team at Decorative Ceiling Tiles comes this new infographic that shows you the 50 U.S. cities where typical home prices rose the most since the start of the pandemic. According to the data and research, it was found that typical home values in Florida increased the most, as five of the ten cities with the largest increases were found in Florida. This included Cape Coral (85.96% increase), St. Petersburg (76.92% increase), Port St. Lucie (72.88% increase), Clearwater (71.09% increase), and Tampa (69.35% increase). As for the cities where prices rose the least, those would be Odessa, Texas (-1.98% decrease), Midland, Texas (6.27% increase), and Washington, DC (10.47% increase).
Infographic by: decorativeceilingtiles