The state of Michigan is a very hot real estate market, with Midland having the ZIP code with the fastest rate of appreciation, year-over-year, in this Estated report.
Florida continues to very generally rapidly appreciate, continuing it's multi-year long torrid pace with no less than eight of the top twenty hottest zip codes. California, Tennessee, and North Carolina continue to see widespread appreciation as well. Bookending this list is another Michigan market that emphasises the meteoric rise across the board in the state: none other than the notoriously inexpensive city of Detroit.
Explore this interactive map of the top 20 regions with the highest price per square foot appreciation or jump to the full report here.
Fastest appreciating zip codes by median price per square ft. based on sales in August 2021 and 2020.
* Map marker locations are approximate.
48640 - Midland, MI
$126.8 /sq.ft.
trending_up Up 93% from $65.5 in 2020
33154 - Miami, FL
$813.7 /sq.ft.
trending_up Up 91% from $425.2 in 2020
37862 - Sevierville, TN
$301.9 /sq.ft.
trending_up Up 66% from $181.7 in 2020
37876 - Sevierville, TN
$271.1 /sq.ft.
trending_up Up 65% from $163.9 in 2020
34691 - Holiday, FL
$178.1 /sq.ft.
trending_up Up 54% from $115.2 in 2020
34145 - Marco Island, FL
$546.0 /sq.ft.
trending_up Up 51% from $359.8 in 2020
27107 - Winston Salem, NC
$116.5 /sq.ft.
trending_up Up 48% from $78.5 in 2020
85353 - Tolleson, AZ
$206.8 /sq.ft.
trending_up Up 47% from $140.3 in 2020
85387 - Surprise, AZ
$231.4 /sq.ft.
trending_up Up 47% from $157.3 in 2020
32459 - Santa Rosa Beach, FL
$484.6 /sq.ft.
trending_up Up 46% from $329.7 in 2020
80424 - Breckenridge, CO
$775.4 /sq.ft.
trending_up Up 45% from $532.0 in 2020
32080 - St. Augustine, FL
$318.9 /sq.ft.
trending_up Up 45% from $219.5 in 2020
33706 - Saint Petersburg, FL
$511.5 /sq.ft.
trending_up Up 44% from $353.2 in 2020
33477 - Jupiter, FL
$381.0 /sq.ft.
trending_up Up 44% from $263.6 in 2020
97367 - Lincoln City, OR
$464.1 /sq.ft.
trending_up Up 44% from $321.2 in 2020
94560 - Newark, CA
$760.7 /sq.ft.
trending_up Up 44% from $526.6 in 2020
85335 - El Mirage, AZ
$225.5 /sq.ft.
trending_up Up 44% from $156.4 in 2020
34108 - Naples, FL
$542.4 /sq.ft.
trending_up Up 43% from $377.2 in 2020
92315 - Big Bear Lake, CA
$415.3 /sq.ft.
trending_up Up 43% from $288.8 in 2020
48221 - Detroit, MI
$81.3 /sq.ft.
trending_up Up 43% from $56.6 in 2020
Based on median sale prices in August 2021 and 2020.
ZIP Code | 2021 - MedianPrice Per Sq.ft. | Price Per Sq.ft. | 2020 - MedianSale Price | Sale Price | |
---|---|---|---|---|---|
#1 | 48640Midland, MI | $126.8trending_up Up 94% since 2020 | $65.5 | $186,753 | $110,000 |
#2 | 33154Miami, FL | $813.7trending_up Up 91% since 2020 | $425.2 | $1,236,900 | $600,000 |
#3 | 37862Sevierville, TN | $301.9trending_up Up 66% since 2020 | $181.7 | $462,500 | $270,000 |
#4 | 37876Sevierville, TN | $271.1trending_up Up 65% since 2020 | $163.9 | $359,500 | $276,449 |
#5 | 34691Holiday, FL | $178.1trending_up Up 55% since 2020 | $115.2 | $195,500 | $132,000 |
#6 | 34145Marco Island, FL | $546.0trending_up Up 52% since 2020 | $359.8 | $699,000 | $556,750 |
#7 | 27107Winston Salem, NC | $116.5trending_up Up 48% since 2020 | $78.5 | $190,250 | $180,000 |
#8 | 85353Tolleson, AZ | $206.8trending_up Up 47% since 2020 | $140.3 | $365,000 | $289,500 |
#9 | 85387Surprise, AZ | $231.4trending_up Up 47% since 2020 | $157.3 | $435,000 | $335,000 |
#10 | 32459Santa Rosa Beach, FL | $484.6trending_up Up 47% since 2020 | $329.7 | $970,000 | $740,000 |
#11 | 80424Breckenridge, CO | $775.4trending_up Up 46% since 2020 | $532.0 | $1,398,000 | $979,000 |
#12 | 32080St. Augustine, FL | $318.9trending_up Up 45% since 2020 | $219.5 | $476,000 | $339,950 |
#13 | 33706Saint Petersburg, FL | $511.5trending_up Up 45% since 2020 | $353.2 | $630,000 | $440,000 |
#14 | 33477Jupiter, FL | $381.0trending_up Up 45% since 2020 | $263.6 | $659,470 | $367,000 |
#15 | 97367Lincoln City, OR | $464.1trending_up Up 45% since 2020 | $321.2 | $427,000 | $350,000 |
#16 | 94560Newark, CA | $760.7trending_up Up 44% since 2020 | $526.6 | $1,132,500 | $940,000 |
#17 | 85335El Mirage, AZ | $225.5trending_up Up 44% since 2020 | $156.4 | $343,000 | $245,000 |
#18 | 34108Naples, FL | $542.4trending_up Up 44% since 2020 | $377.2 | $800,000 | $541,500 |
#19 | 92315Big Bear Lake, CA | $415.3trending_up Up 44% since 2020 | $288.8 | $582,500 | $453,500 |
#20 | 48221Detroit, MI | $81.3trending_up Up 44% since 2020 | $56.6 | $122,050 | $74,184 |
Average home values can be influenced by especially low or especially high priced sales. Medians represent a value such that half of observed prices are lower than or equal to the median, and the other half are greater than or equal to the median. By using medians instead of simple averages to represent typical home values, a more accurate and useful estimate of what a home buyer can expect is given.
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