Cities with the most expensive homes in the Auburn metro area
Cities with the most expensive homes in the Auburn metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $360,999 in September, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 17, the 30-year fixed mortgage rate sits at 6.44%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Auburn metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 4 cities and towns with data available were included in the list.
#4. Smiths Station, AL
- Typical home value: $267,491
- 1-year price change: +2.8%
- 5-year price change: +38.7%
#3. Opelika, AL
- Typical home value: $278,712
- 1-year price change: +2.6%
- 5-year price change: +39.4%
#2. Salem, AL
- Typical home value: $304,655
- 1-year price change: +4.4%
- 5-year price change: +44.2%
#1. Auburn, AL
- Typical home value: $374,164
- 1-year price change: +3.9%
- 5-year price change: +40.4%