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
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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
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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
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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
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Median list price: $404,193
Median home value: $324,520
Difference between list price and home value: $79,673
46
Goldsboro, North Carolina
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Median list price: $167,234.95
Median home value: $87,330
Difference between list price and home value: $79,904.95
45
Mission, Texas
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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
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Median list price: $288,780.85
Median home value: $207,560
Difference between list price and home value: $81,220.85
43
McAllen, Texas
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Median list price: $219,580
Median home value: $137,540
Difference between list price and home value: $82,040
42
Pensacola, Florida
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Median list price: $227,870
Median home value: $145,350
Difference between list price and home value: $82,520

RELATED: This Is the Most Expensive State in America, According to Data.

41
Woodstock, Georgia
Animas Photography / Shutterstock.com
Median list price: $340,976
Median home value: $257,420
Difference between list price and home value: $83,556
40
Santa Barbara, California
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Median list price: $1,326,575
Median home value: $1,242,050
Difference between list price and home value: $84,525
39
Escondido, California
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Median list price: $624,533.65
Median home value: $538,070
Difference between list price and home value: $86,463.65
38
Holland, Michigan
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Median list price: $288,340
Median home value: $200,960
Difference between list price and home value: $87,380
37
Frisco, Texas
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Median list price: $486,455.60
Median home value: $398,510
Difference between list price and home value: $87,945.60
36
Allen, Texas
Eric Urquhart / Shutterstock.com
Median list price: $409,868.20
Median home value: $319,670
Difference between list price and home value: $90,198.20
35
Beaumont, Texas
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Median list price: $200,773.70
Median home value: $108,700
Difference between list price and home value: $92,073.70
34
Plymouth, Minnesota
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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
Amilcar Lugo Diaz / Shutterstock.com
Median list price: $178,576
Median home value: $82,400
Difference between list price and home value: $96,176
32
Alpharetta, Georgia
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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
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Median list price: $831,343.80
Median home value: $735,060
Difference between list price and home value: $96,283.80

RELATED: This Is How Much Money People Your Age Make in Your State, Data Shows.

30
Savannah, Georgia
Sean Pavone / Shutterstock
Median list price: $232,712
Median home value: $136,280
Difference between list price and home value: $96,432
29
Napa, California
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Median list price: $780,670
Median home value: $683,240
Difference between list price and home value: $97,430
28
Olathe, Kansas
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Median list price: $360,485
Median home value: $263,050
Difference between list price and home value: $97,435
27
Franklin, Tennessee
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Median list price: $575,085.50
Median home value: $477,640
Difference between list price and home value: $97,445.50
26
Houston, Texas
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Median list price: $293,654.40
Median home value: $195,790
Difference between list price and home value: $97,864.40
25
Hoover, Alabama
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Median list price: $391,873.30
Median home value: $293,740
Difference between list price and home value: $98,133.30
24
Tampa, Florida
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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
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Median list price: $578,090
Median home value: $478,670
Difference between list price and home value: $99,420
22
Santa Fe, New Mexico
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Median list price: $504,228.30
Median home value: $400,330
Difference between list price and home value: $103,898.30
21
Chattanooga, Tennessee
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Median list price: $252,585
Median home value: $146,400
Difference between list price and home value: $106,185
20
Sugar Land, Texas
Alizada Studios / Shutterstock.com
Median list price: $410,760.05
Median home value: $304,180
Difference between list price and home value: $106,580.05
19
Huntsville, Alabama
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Median list price: $262,082
Median home value: $153,360
Difference between list price and home value: $108,722
18
Charlottesville, Virginia
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Median list price: $444,794.85
Median home value: $334,840
Difference between list price and home value: $109,954.85
17
Monroe, Louisiana
Bonita R. Cheshier/Shutterstock
Median list price: $208,920
Median home value: $96,350
Difference between list price and home value: $112,570
16
Newport Beach, California
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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
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Median list price: $456,946.40
Median home value: $343,520
Difference between list price and home value: $113,426.40
14
Miami, Florida
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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
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Median list price: $263,515.65
Median home value: $145,100
Difference between list price and home value: $118,415.65
12
Gainesville, Georgia
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Median list price: $304,830
Median home value: $186,350
Difference between list price and home value: $118,480
11
Chicago, Illinois
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Median list price: $336,970
Median home value: $212,260
Difference between list price and home value: $124,710
10
Vienna, Virginia
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Median list price: $936,431.75
Median home value: $806,110
Difference between list price and home value: $130,321.75
9
Rogers, Arkansas
RaksyBH / Shutterstock.com
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
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Median list price: $496,465
Median home value: $355,730
Difference between list price and home value: $140,735
7
Irving, Texas
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Median list price: $370,463.35
Median home value: $226,170
Difference between list price and home value: $144,293.35
6
Boston, Massachusetts
Shutterstock/Sean Pavone
Median list price: $743,090
Median home value: $596,680
Difference between list price and home value: $146,410
5
New Orleans, Louisiana
Sean Pavone / Shutterstock
Median list price: $327,650
Median home value: $168,820
Difference between list price and home value: $158,830
4
Dallas, Texas
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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
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Median list price: $788,240
Median home value: $616,890
Difference between list price and home value: $171,350
2
Arcadia, California
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Median list price: $1,468,940
Median home value: $1,228,250
Difference between list price and home value: $240,690
1
Bethesda, Maryland
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Median list price: $1,219,050
Median home value: $971,090
Difference between list price and home value: $247,960

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