Special Report

This Is the Most Overpriced Housing Market in America

Source: LUNAMARINA / Getty Images

20. Fort Myers, FL
> Premium on home price: +37.13%
> Avg. home price: $344,810
> Expected home price: $251,439

Source: DenisTangneyJr / E+ via Getty Images

19. Grand Rapids, MI
> Premium on home price: +38.14%
> Avg. home price: $276,826
> Expected home price: $200,389

Source: TrongNguyen / iStock via Getty Images

18. Dallas-Fort Worth, TX
> Premium on home price: +38.18%
> Avg. home price: $338,194
> Expected home price: $244,743

Source: Mark Howard / iStock via Getty Images

17. Raleigh, NC
> Premium on home price: +38.76%
> Avg. home price: $391,444
> Expected home price: $282,093

Source: Sean Pavone / iStock via Getty Images

16. Memphis, TN
> Premium on home price: +39.69%
> Avg. home price: $205,936
> Expected home price: $147,421

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.