This City Has the Most Overpriced Homes in America, According to Data
By PAUL THOMPSON JUNE 14, 2021
Buying a home can either be a great investment or a money-draining liability. And while there are safer bets than others, no one can predict all the ebbs and flows of the housing market. What can be said with certainty is that the houses in certain cities carry price tags that exceed their actual value. To learn where exactly this is in the case, we turned to a new GoBankingRates study that identifies the 50 cities with the most overpriced homes in the U.S.
Using housing 2019 data from Zillow, GOBankingRates analyzed the 722 biggest housing markets in the country. For each city they took the Median list price and compared it to the Median home value to see where the largest difference in price and value was found. Read on to discover which city has the most overpriced homes in America.
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50Little Rock, Arkansas
- Median list price: $218,415.10
- Median home value: $140,360
- Difference between list price and home value: $78,055.10
49Overland Park, Kansas
- Median list price: $396,944.45
- Median home value: $318,550
- Difference between list price and home value: $78,394.45
48Greenville, South Carolina
- Median list price: $269,716.50
- Median home value: $190,640
- Difference between list price and home value: $79,076.50
47Glen Allen, Virginia
- Median list price: $404,193
- Median home value: $324,520
- Difference between list price and home value: $79,673
46Goldsboro, North Carolina
- Median list price: $167,234.95
- Median home value: $87,330
- Difference between list price and home value: $79,904.95
45Mission, Texas
- Median list price: $210,977.25
- Median home value: $129,980
- Difference between list price and home value: $80,997.25
44Concord, North Carolina
- Median list price: $288,780.85
- Median home value: $207,560
- Difference between list price and home value: $81,220.85
43McAllen, Texas
- Median list price: $219,580
- Median home value: $137,540
- Difference between list price and home value: $82,040
42Pensacola, Florida
- Median list price: $227,870
- Median home value: $145,350
- Difference between list price and home value: $82,520
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41Woodstock, Georgia
- Median list price: $340,976
- Median home value: $257,420
- Difference between list price and home value: $83,556
40Santa Barbara, California
- Median list price: $1,326,575
- Median home value: $1,242,050
- Difference between list price and home value: $84,525
39Escondido, California
- Median list price: $624,533.65
- Median home value: $538,070
- Difference between list price and home value: $86,463.65
38Holland, Michigan
- Median list price: $288,340
- Median home value: $200,960
- Difference between list price and home value: $87,380
37Frisco, Texas
- Median list price: $486,455.60
- Median home value: $398,510
- Difference between list price and home value: $87,945.60
36Allen, Texas
- Median list price: $409,868.20
- Median home value: $319,670
- Difference between list price and home value: $90,198.20
35Beaumont, Texas
- Median list price: $200,773.70
- Median home value: $108,700
- Difference between list price and home value: $92,073.70
34Plymouth, Minnesota
- Median list price: $471,739.50
- Median home value: $377,160
- Difference between list price and home value: $94,579.50
33Sumter, South Carolina
- Median list price: $178,576
- Median home value: $82,400
- Difference between list price and home value: $96,176
32Alpharetta, Georgia
- Median list price: $501,744.20
- Median home value: $405,520
- Difference between list price and home value: $96,224.20
31Los Angeles, California
- Median list price: $831,343.80
- Median home value: $735,060
- Difference between list price and home value: $96,283.80
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30Savannah, Georgia
- Median list price: $232,712
- Median home value: $136,280
- Difference between list price and home value: $96,432
29Napa, California
- Median list price: $780,670
- Median home value: $683,240
- Difference between list price and home value: $97,430
28Olathe, Kansas
- Median list price: $360,485
- Median home value: $263,050
- Difference between list price and home value: $97,435
27Franklin, Tennessee
- Median list price: $575,085.50
- Median home value: $477,640
- Difference between list price and home value: $97,445.50
26Houston, Texas
- Median list price: $293,654.40
- Median home value: $195,790
- Difference between list price and home value: $97,864.40
25Hoover, Alabama
- Median list price: $391,873.30
- Median home value: $293,740
- Difference between list price and home value: $98,133.30
24Tampa, Florida
- Median list price: $324,054.90
- Median home value: $225,020
- Difference between list price and home value: $99,034.90
23Jersey City, New Jersey
- Median list price: $578,090
- Median home value: $478,670
- Difference between list price and home value: $99,420
22Santa Fe, New Mexico
- Median list price: $504,228.30
- Median home value: $400,330
- Difference between list price and home value: $103,898.30
21Chattanooga, Tennessee
- Median list price: $252,585
- Median home value: $146,400
- Difference between list price and home value: $106,185
20Sugar Land, Texas
- Median list price: $410,760.05
- Median home value: $304,180
- Difference between list price and home value: $106,580.05
19Huntsville, Alabama
- Median list price: $262,082
- Median home value: $153,360
- Difference between list price and home value: $108,722
18Charlottesville, Virginia
- Median list price: $444,794.85
- Median home value: $334,840
- Difference between list price and home value: $109,954.85
17Monroe, Louisiana
- Median list price: $208,920
- Median home value: $96,350
- Difference between list price and home value: $112,570
16Newport Beach, California
- Median list price: $2,546,800
- Median home value: $2,433,680
- Difference between list price and home value: $113,120
15The Woodlands, Texas
- Median list price: $456,946.40
- Median home value: $343,520
- Difference between list price and home value: $113,426.40
14Miami, Florida
- Median list price: $476,100
- Median home value: $359,150
- Difference between list price and home value: $116,950
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13Tyler, Texas
- Median list price: $263,515.65
- Median home value: $145,100
- Difference between list price and home value: $118,415.65
12Gainesville, Georgia
- Median list price: $304,830
- Median home value: $186,350
- Difference between list price and home value: $118,480
11Chicago, Illinois
- Median list price: $336,970
- Median home value: $212,260
- Difference between list price and home value: $124,710
10Vienna, Virginia
- Median list price: $936,431.75
- Median home value: $806,110
- Difference between list price and home value: $130,321.75
9Rogers, Arkansas
- Median list price: $321,854.75
- Median home value: $184,960
- Difference between list price and home value: $136,894.75
8Fort Lauderdale, Florida
- Median list price: $496,465
- Median home value: $355,730
- Difference between list price and home value: $140,735
7Irving, Texas
- Median list price: $370,463.35
- Median home value: $226,170
- Difference between list price and home value: $144,293.35
6Boston, Massachusetts
- Median list price: $743,090
- Median home value: $596,680
- Difference between list price and home value: $146,410
5New Orleans, Louisiana
- Median list price: $327,650
- Median home value: $168,820
- Difference between list price and home value: $158,830
4Dallas, Texas
- Median list price: $387,659.90
- Median home value: $224,620
- Difference between list price and home value: $163,039.90
3New York, New York
- Median list price: $788,240
- Median home value: $616,890
- Difference between list price and home value: $171,350
2Arcadia, California
- Median list price: $1,468,940
- Median home value: $1,228,250
- Difference between list price and home value: $240,690
1Bethesda, Maryland
- Median list price: $1,219,050
- Median home value: $971,090
- Difference between list price and home value: $247,960