Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research may determine where and how companies appear. Learn more about how we make money.

Published: Jun 08, 2022 4 min read
A collage of a house duplicated and spiraling with dollar bills in the background
Vanessa Garcia / Money; Getty Images

It's no secret that homes are expensive everywhere. But what you might not know is that buyers in some cities are paying premiums upwards of 60%.

A recent analysis from Florida Atlantic University and Florida International University identified the most overvalued housing markets in the country. The top finding? Buyers in the most overvalued market — Boise, Idaho — are paying an eye-watering premium of 73%, largely thanks to the recent boom in remote work.

The researchers found that historical price data suggests homes in Boise should cost $299,202 on average. Instead, the typical buyer is forking over $516,548 — roughly $217,000 more than they quote-unquote should.