Florida and New York Metros Top Zillow’s Buyer-Friendly Markets

The median home value in the United States is $229,600. United States home values have gone up 4.9% over the past year and Zillow predicts they will rise 2.2% within the next year.

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Zillow has introduced its new, semi-annual "Best Places to Buy a Vacation Home" list, ranking places within close proximity to popular summer and winter vacation destinations. For the summer edition, Zillow named the best places for golf, beach, outdoor and amusement park vacation homes. To be considered for each list, each area had to meet specific criteria.

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The metro actually saw more of its own searches originate within the metro itself compared to last year – and it notched an increased share of searches from other metros including Boston, Dallas and New York. Denver, another top-dollar market, saw an even more substantial increase: 66.5% of searches for Denver rentals originated from the area.

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Micco home values have gone up 2.5% over the past year and Zillow predicts they will rise 1.3% within the next year. The median list price per square foot in Micco is $118, which is higher than the Palm Bay-Melbourne-Titusville Metro average of $117.

Markets more affordable to buy than to rent. The report found making monthly house payments on a median-priced home – including mortgage, property taxes and insurance – is more affordable than the fair market rent on a three-bedroom property in 354 of the 540 counties analyzed in the report (66 percent).