Florida’s home prices rose an average of nearly 20% during 2022, the biggest percentage jump of any U.S. state, a new study revealed.
The study, by Santa Monica Realtors, examined data from Zillow across all 50 states to see which ones had the biggest average housing price increases.
Florida’s home pricing increased 19.9% in 2022 to an average of $404,939. The Sunshine State was followed in the rankings by South Carolina (19.2%), Vermont (16.9%), Tennessee (16.3%) and North Carolina (15.7%).
Conversely, Idaho’s average home price growth was lowest of all states at just 1.3%. California was next at 4.4% and then Oregon at 5.5%.
Twenty-four states had growth of 10% or more.