This City Has the Most Overpriced Homes in America, According to Data
The list prices on homes in these cities are much higher than their value.
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 some cities carry price tags that exceed their actual value. To learn where exactly this is the case, we turned to a new GoBankingRates study that identifies the 50 cities with the most overpriced homes in the U.S.
Using 2019 housing 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 which had the largest disparity between price and value. Read on to discover which city has the most overpriced homes in America.
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50
Little Rock, Arkansas
- Median list price: $218,415.10
- Median home value: $140,360
- Difference between list price and home value: $78,055.10
49
Overland Park, Kansas
- Median list price: $396,944.45
- Median home value: $318,550
- Difference between list price and home value: $78,394.45
48
Greenville, South Carolina
- Median list price: $269,716.50
- Median home value: $190,640
- Difference between list price and home value: $79,076.50
47
Glen Allen, Virginia
- Median list price: $404,193
- Median home value: $324,520
- Difference between list price and home value: $79,673
46
Goldsboro, North Carolina
- Median list price: $167,234.95
- Median home value: $87,330
- Difference between list price and home value: $79,904.95
45
Mission, Texas
- Median list price: $210,977.25
- Median home value: $129,980
- Difference between list price and home value: $80,997.25
44
Concord, North Carolina
- Median list price: $288,780.85
- Median home value: $207,560
- Difference between list price and home value: $81,220.85
43
McAllen, Texas
- Median list price: $219,580
- Median home value: $137,540
- Difference between list price and home value: $82,040
42
Pensacola, Florida
- Median list price: $227,870
- Median home value: $145,350
- Difference between list price and home value: $82,520
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41
Woodstock, Georgia
- Median list price: $340,976
- Median home value: $257,420
- Difference between list price and home value: $83,556
40
Santa Barbara, California
- Median list price: $1,326,575
- Median home value: $1,242,050
- Difference between list price and home value: $84,525
39
Escondido, California
- Median list price: $624,533.65
- Median home value: $538,070
- Difference between list price and home value: $86,463.65
38
Holland, Michigan
- Median list price: $288,340
- Median home value: $200,960
- Difference between list price and home value: $87,380
37
Frisco, Texas
- Median list price: $486,455.60
- Median home value: $398,510
- Difference between list price and home value: $87,945.60
36
Allen, Texas
- Median list price: $409,868.20
- Median home value: $319,670
- Difference between list price and home value: $90,198.20
35
Beaumont, Texas
- Median list price: $200,773.70
- Median home value: $108,700
- Difference between list price and home value: $92,073.70
34
Plymouth, Minnesota
- Median list price: $471,739.50
- Median home value: $377,160
- Difference between list price and home value: $94,579.50
33
Sumter, South Carolina
- Median list price: $178,576
- Median home value: $82,400
- Difference between list price and home value: $96,176
32
Alpharetta, Georgia
- Median list price: $501,744.20
- Median home value: $405,520
- Difference between list price and home value: $96,224.20
31
Los 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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30
Savannah, Georgia
- Median list price: $232,712
- Median home value: $136,280
- Difference between list price and home value: $96,432
29
Napa, California
- Median list price: $780,670
- Median home value: $683,240
- Difference between list price and home value: $97,430
28
Olathe, Kansas
- Median list price: $360,485
- Median home value: $263,050
- Difference between list price and home value: $97,435
27
Franklin, Tennessee
- Median list price: $575,085.50
- Median home value: $477,640
- Difference between list price and home value: $97,445.50
26
Houston, Texas
- Median list price: $293,654.40
- Median home value: $195,790
- Difference between list price and home value: $97,864.40
25
Hoover, Alabama
- Median list price: $391,873.30
- Median home value: $293,740
- Difference between list price and home value: $98,133.30
24
Tampa, Florida
- Median list price: $324,054.90
- Median home value: $225,020
- Difference between list price and home value: $99,034.90
23
Jersey City, New Jersey
- Median list price: $578,090
- Median home value: $478,670
- Difference between list price and home value: $99,420
22
Santa Fe, New Mexico
- Median list price: $504,228.30
- Median home value: $400,330
- Difference between list price and home value: $103,898.30
21
Chattanooga, Tennessee
- Median list price: $252,585
- Median home value: $146,400
- Difference between list price and home value: $106,185
20
Sugar Land, Texas
- Median list price: $410,760.05
- Median home value: $304,180
- Difference between list price and home value: $106,580.05
19
Huntsville, Alabama
- Median list price: $262,082
- Median home value: $153,360
- Difference between list price and home value: $108,722
18
Charlottesville, Virginia
- Median list price: $444,794.85
- Median home value: $334,840
- Difference between list price and home value: $109,954.85
17
Monroe, Louisiana
- Median list price: $208,920
- Median home value: $96,350
- Difference between list price and home value: $112,570
16
Newport Beach, California
- Median list price: $2,546,800
- Median home value: $2,433,680
- Difference between list price and home value: $113,120
15
The Woodlands, Texas
- Median list price: $456,946.40
- Median home value: $343,520
- Difference between list price and home value: $113,426.40
14
Miami, Florida
- Median list price: $476,100
- Median home value: $359,150
- Difference between list price and home value: $116,950
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13
Tyler, Texas
- Median list price: $263,515.65
- Median home value: $145,100
- Difference between list price and home value: $118,415.65
12
Gainesville, Georgia
- Median list price: $304,830
- Median home value: $186,350
- Difference between list price and home value: $118,480
11
Chicago, Illinois
- Median list price: $336,970
- Median home value: $212,260
- Difference between list price and home value: $124,710
10
Vienna, Virginia
- Median list price: $936,431.75
- Median home value: $806,110
- Difference between list price and home value: $130,321.75
9
Rogers, Arkansas
- Median list price: $321,854.75
- Median home value: $184,960
- Difference between list price and home value: $136,894.75
8
Fort Lauderdale, Florida
- Median list price: $496,465
- Median home value: $355,730
- Difference between list price and home value: $140,735
7
Irving, Texas
- Median list price: $370,463.35
- Median home value: $226,170
- Difference between list price and home value: $144,293.35
6
Boston, Massachusetts
- Median list price: $743,090
- Median home value: $596,680
- Difference between list price and home value: $146,410
5
New Orleans, Louisiana
- Median list price: $327,650
- Median home value: $168,820
- Difference between list price and home value: $158,830
4
Dallas, Texas
- Median list price: $387,659.90
- Median home value: $224,620
- Difference between list price and home value: $163,039.90
3
New York, New York
- Median list price: $788,240
- Median home value: $616,890
- Difference between list price and home value: $171,350
2
Arcadia, California
- Median list price: $1,468,940
- Median home value: $1,228,250
- Difference between list price and home value: $240,690
1
Bethesda, 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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