In this piece, we will take a look at the five most overpriced housing markets in the U.S. For more markets, head on over to 20 Most Overpriced Housing Markets in the U.S.
5. North Port, Florida
Home Overprice Percentage: 44.63%
North Port is a Floridan city with a population of less than a hundred thousand. It is also one of the youngest cities on our list, since it was incorporated in 1959. The city is part of the North Port–Bradenton–Sarasota metropolitan area. Naturally, this also makes it a small city in terms of the economy as well. North Port was set up as North Port Charlotte but ended up changing its name later on.
4. Tampa, Florida
Home Overprice Percentage: 45.18%
Tampa is one of the largest cities in Florida in terms of population. Tampa was originally set up as a military center after it became part of the U.S. due to the Florida Purchase. Two centuries later, the city has transformed itself and now has a diversified economy. Tampa is one of the leading centers for robotics manufacturing and design in the U.S. It also houses large healthcare and financial companies, and some of its largest employers include supermarkets, banks, and telecommunications companies.
3. Cape Coral, Florida
Home Overprice Percentage: 45.34%
Cape Coral sits right in the center of Miami and Tampa – two of the largest cities in Florida. The city is known for having a large number of waterways, lending it a distinct landscape that is unparalleled globally. Cape Coral has amusement parks, recreation parks, libraries, and ecological preserves. Nearly all of Cape Coral’s hundreds of canals open into the Gulf of Mexico, and the city’s population has also been rapidly growing over the past couple of years.
2. Detroit, Michigan
Home Overprice Percentage: 45.91%
Detroit is the largest city in Michigan and has a population of 639,111. It is also one of the oldest cities in America as it was set up at the cusp of the eighteenth century. Detroit is an economic and cultural hub in America. It houses several Fortune 500 companies and is home to one of the largest car manufacturers in the world, General Motors. Apart from GM, Detroit also has large and important financial, energy, and advertising companies. The automotive industry is at the heart of Detroit’s history, as it boomed during the time when America’s car industry was starting to take its roots.
1. Atlanta, Georgia
Home Overprice Percentage: 49.71%
Atlanta is the capital of Georgia and also the largest city in terms of population. Atlanta houses close to half a million people and naturally it is an economic hub in Georgia. Atlanta has one of the largest economies in America and is the headquarters location of some of the biggest companies in the world such as Coca-Cola and Delta Airlines.
Disclosure: None. You can also take a look at 15 Biggest Clothing Manufacturing Countries in the World and 10 Best Diversified Bank Stocks to Buy Now.
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