Study names the most expensive housing market in Florida

by Claire Brennan

While the country continues to see the effects of an improving economy and low unemployment rates, the recovery is less than ideal for those who want to purchase a home. Homebuyers are up against an increasingly expensive market, with the median home price around $300,000 — over $100,000 more than the median price 10 years ago.

The median home price in different areas of the country varies widely, and a recent study by 24/7 Wall St. analyzed median home values from 3,119 counties across the country according to 2017 second quarter data from the National Association of Realtors.

In Florida, Monroe County was the most expensive housing market, where 10.5 percent of homes are valued at over $1 million. Monroe had a median home price of $454,051, with a median mortgage payment of $1,835.

Monroe County’s median household income was $60,303, compared to $50,860 for all of Florida.

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