6-14-2021 5:31pm

This City Has the Most Overpriced Homes in America, According to Data

Chris Clasen Editor

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.

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

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

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

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Aron Golden Neighbor

10-29-2023 4:31pm

Wow nearly every claim in this propaganda piece is false. From the wall length to its height to it being continuous. The fact that ST just approved the additional funding for land acquisition to the fact that acquisition is in the feet measurement on a lot not taking entire lots.