Cities with the fastest-growing home prices in the Auburn metro area
Cities with the fastest-growing home prices in the Auburn metro area
The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $360,974 in June, 3.2% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the fastest-growing home prices in the Auburn-Opelika, AL metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
#4. Smiths Station, AL
- 1-year price change: +$7,601 (+2.9%)
- 5-year price change: +$75,239 (+38.9%)
- Typical home value: $268,866 (#4 most expensive city in metro)
#3. Opelika, AL
- 1-year price change: +$8,075 (+2.9%)
- 5-year price change: +$81,372 (+40.3%)
- Typical home value: $283,101 (#3 most expensive city in metro)
#2. Salem, AL
- 1-year price change: +$13,059 (+4.4%)
- 5-year price change: +$97,672 (+46.4%)
- Typical home value: $308,029 (#2 most expensive city in metro)
#1. Auburn, AL
- 1-year price change: +$18,054 (+5.0%)
- 5-year price change: +$108,876 (+40.8%)
- Typical home value: $375,910 (#1 most expensive city in metro)
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 380 metros.
