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.
RELATED: This Is Exactly How Much Your Home's Value Will Change in 2021, Experts Say .
50Little Rock, Arkansas
Shutterstock
Median list price : $218,415.10
Median home value : $140,360
Difference between list price and home value : $78,055.10
49Overland Park, Kansas
Shutterstock
Median list price : $396,944.45
Median home value : $318,550
Difference between list price and home value : $78,394.45
48Greenville, South Carolina
Shutterstock
Median list price : $269,716.50
Median home value : $190,640
Difference between list price and home value : $79,076.50
47Glen Allen, Virginia
Shutterstock
Median list price : $404,193
Median home value : $324,520
Difference between list price and home value : $79,673
46Goldsboro, North Carolina
Wileydoc / Shutterstock.com
Median list price : $167,234.95
Median home value : $87,330
Difference between list price and home value : $79,904.95
45Mission, Texas
Shutterstock
Median list price : $210,977.25
Median home value : $129,980
Difference between list price and home value : $80,997.25
44Concord, North Carolina
Shutterstock
Median list price : $288,780.85
Median home value : $207,560
Difference between list price and home value : $81,220.85
43McAllen, Texas
Shutterstock
Median list price : $219,580
Median home value : $137,540
Difference between list price and home value : $82,040
42Pensacola, Florida
Shutterstock
Median list price : $227,870
Median home value : $145,350
Difference between list price and home value : $82,520
RELATED: This Is the Most Expensive State in America, According to Data .
41Woodstock, Georgia
Animas Photography / Shutterstock.com
Median list price : $340,976
Median home value : $257,420
Difference between list price and home value : $83,556
40Santa Barbara, California
Shutterstock
Median list price : $1,326,575
Median home value : $1,242,050
Difference between list price and home value : $84,525
39Escondido, California
Shutterstock
Median list price : $624,533.65
Median home value : $538,070
Difference between list price and home value : $86,463.65
38Holland, Michigan
Shutterstock
Median list price : $288,340
Median home value : $200,960
Difference between list price and home value : $87,380
37Frisco, Texas
Shutterstock
Median list price : $486,455.60
Median home value : $398,510
Difference between list price and home value : $87,945.60
36Allen, Texas
Eric Urquhart / Shutterstock.com
Median list price : $409,868.20
Median home value : $319,670
Difference between list price and home value : $90,198.20
35Beaumont, Texas
Shutterstock
Median list price : $200,773.70
Median home value : $108,700
Difference between list price and home value : $92,073.70
34Plymouth, Minnesota
Shutterstock
Median list price : $471,739.50
Median home value : $377,160
Difference between list price and home value : $94,579.50
33Sumter, South Carolina
Amilcar Lugo Diaz / Shutterstock.com
Median list price : $178,576
Median home value : $82,400
Difference between list price and home value : $96,176
32Alpharetta, Georgia
Shutterstock
Median list price : $501,744.20
Median home value : $405,520
Difference between list price and home value : $96,224.20
31Los Angeles, California
Shutterstock
Median list price : $831,343.80
Median home value : $735,060
Difference between list price and home value : $96,283.80
RELATED: This Is How Much Money People Your Age Make in Your State, Data Shows .
30Savannah, Georgia
Shutterstock
Median list price : $232,712
Median home value : $136,280
Difference between list price and home value : $96,432
29Napa, California
Shutterstock
Median list price : $780,670
Median home value : $683,240
Difference between list price and home value : $97,430
28Olathe, Kansas
Shutterstock
Median list price : $360,485
Median home value : $263,050
Difference between list price and home value : $97,435
27Franklin, Tennessee
Shutterstock
Median list price : $575,085.50
Median home value : $477,640
Difference between list price and home value : $97,445.50
26Houston, Texas
iStock
Median list price : $293,654.40
Median home value : $195,790
Difference between list price and home value : $97,864.40
25Hoover, Alabama
Connie Lewellen / Shutterstock.com
Median list price : $391,873.30
Median home value : $293,740
Difference between list price and home value : $98,133.30
24Tampa, Florida
Shutterstock
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
Shutterstock
Median list price : $578,090
Median home value : $478,670
Difference between list price and home value : $99,420
22Santa Fe, New Mexico
Shutterstock
Median list price : $504,228.30
Median home value : $400,330
Difference between list price and home value : $103,898.30
21Chattanooga, Tennessee
iStock
Median list price : $252,585
Median home value : $146,400
Difference between list price and home value : $106,185
20Sugar Land, Texas
Alizada Studios / Shutterstock.com
Median list price : $410,760.05
Median home value : $304,180
Difference between list price and home value : $106,580.05
19Huntsville, Alabama
Shutterstock
Median list price : $262,082
Median home value : $153,360
Difference between list price and home value : $108,722
18Charlottesville, Virginia
iStock
Median list price : $444,794.85
Median home value : $334,840
Difference between list price and home value : $109,954.85
17Monroe, Louisiana
Bonita R. Cheshier/Shutterstock
Median list price : $208,920
Median home value : $96,350
Difference between list price and home value : $112,570
16Newport Beach, California
Shutterstock
Median list price : $2,546,800
Median home value : $2,433,680
Difference between list price and home value : $113,120
15The Woodlands, Texas
Shutterstock
Median list price : $456,946.40
Median home value : $343,520
Difference between list price and home value : $113,426.40
14Miami, Florida
Shutterstock
Median list price : $476,100
Median home value : $359,150
Difference between list price and home value : $116,950
And for more financial facts about your state sent straight to your inbox, sign up for our daily newsletter .
13Tyler, Texas
Shutterstock
Median list price : $263,515.65
Median home value : $145,100
Difference between list price and home value : $118,415.65
12Gainesville, Georgia
Shutterstock
Median list price : $304,830
Median home value : $186,350
Difference between list price and home value : $118,480
11Chicago, Illinois
Shutterstock
Median list price : $336,970
Median home value : $212,260
Difference between list price and home value : $124,710
10Vienna, Virginia
Shutterstock
Median list price : $936,431.75
Median home value : $806,110
Difference between list price and home value : $130,321.75
9Rogers, Arkansas
RaksyBH / Shutterstock.com
Median list price : $321,854.75
Median home value : $184,960
Difference between list price and home value : $136,894.75
8Fort Lauderdale, Florida
Shutterstock/Solarisys
Median list price : $496,465
Median home value : $355,730
Difference between list price and home value : $140,735
7Irving, Texas
Shutterstock
Median list price : $370,463.35
Median home value : $226,170
Difference between list price and home value : $144,293.35
6Boston, Massachusetts
Shutterstock/Sean Pavone
Median list price : $743,090
Median home value : $596,680
Difference between list price and home value : $146,410
5New Orleans, Louisiana
Sean Pavone / Shutterstock
Median list price : $327,650
Median home value : $168,820
Difference between list price and home value : $158,830
4Dallas, Texas
iStock
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
iStock
Median list price : $788,240
Median home value : $616,890
Difference between list price and home value : $171,350
2Arcadia, California
Shutterstock
Median list price : $1,468,940
Median home value : $1,228,250
Difference between list price and home value : $240,690
1Bethesda, Maryland
Shutterstock
Median list price : $1,219,050
Median home value : $971,090
Difference between list price and home value : $247,960