Florida Atlantic University did a study to find the most overpriced housing markets in America and 9 Florida cities made the list. Using data from Zillow, the study looked at trends in home prices to rank these markets.
The most overpriced homes in America were in Boise, Idaho, with homes overpriced by over 80%. Homes in the 2nd and 3rd place cities (Austin, Texas and Ogden, Utah) were about 50% overpriced.
So what about Florida?
Lakeland topped the list with homes overpriced by 31% putting them in the 20th spot. Tampa comes in right behind Lakeland at #21. Other Florida cities that made the list include Melbourne, Daytona Beach, Fort Myers, Orlando, Jacksonville and Bradenton/Sarasota.
10 Best Places To Live in Florida
US News and World Reports is out with their list of the best places to live in Florida. Results are based on things like housing affordability, health care, the job market, taxes for retirees, and most importantly, a “happiness index.”
Florida Cities Overpriced List