Cities with the most expensive homes in Alabama

Written by:
March 3, 2021
realtor.com

Cities with the most expensive homes in Alabama

Buying a home is an investment—and an increasingly expensive one. The median value of a home in the United States today is more than a quarter of a million dollars with a mortgage, and $167,000 without one. Meanwhile, the median monthly housing cost for a home with a mortgage is $1,558 and $490 without a mortgage.

Stacker compiled a list of cities with the most expensive homes in Alabama using data from Zillow. Cities are ranked by the Zillow Home Values Index for all homes as of January 2021. Listings and images are from realtor.com.

Home buyers have a lot to consider when house-hunting or looking to invest in rental properties, from the state of the housing market itself to taxes and potential resale value. The housing market grew robust and pricey in the decade following the 2008 recession, and more recently saw a boom during the coronavirus pandemic. Another consideration is the house itself, including what kind of upkeep it requires and those associated costs. Depreciation affects all homes at an average rate of 3.636% each year, which can be a help come tax season if you use your home for business or rentals but may cost you later in capital gains taxes when you sell. Meanwhile, land value tends to increase over time depending on several factors including where the house is located and what amenities and homes are nearby. More desirable neighborhoods allow sellers to charge more; the mantra "location, location, location" has never been more relevant.

Do you live in the area with the most expensive real estate market in your state? Keep reading to find out.

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#30. Cleveland

- Typical home value: $254,679
- 1 year home value change: +5.4%
- 10 year home value change: +27.4%
- #6,940 most expensive city nationwide

- Pictured: 131 Apple Blossom Rd, Cleveland ($650,000, 6 bedrooms)
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#29. Highland Lake

- Typical home value: $258,144
- 1 year home value change: +2.2%
- 10 year home value change: +27.2%
- #6,771 most expensive city nationwide

- Pictured: 164 Gurley Dr, Oneonta ($375,000, 3 bedrooms)
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#28. Crane Hill

- Typical home value: $265,347
- 1 year home value change: +5.5%
- 10 year home value change: +39.8%
- #6,420 most expensive city nationwide

- Pictured: 445 Allen Rd, Crane Hill ($2.0 million, 4 bedrooms)
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#27. Eclectic

- Typical home value: $266,017
- 1 year home value change: +12.5%
- 10 year home value change: +41.1%
- #6,388 most expensive city nationwide

- Pictured: 17120 Central Plank Rd, Eclectic ($1.3 million, 4 bedrooms)
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#26. Locust Fork

- Typical home value: $268,549
- 1 year home value change: -1.7%
- 10 year home value change: +17.3%
- #6,280 most expensive city nationwide

- Pictured: 40 Curtis Richey Rd, Locust Fork ($309,900, 4 bedrooms)
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#25. Auburn

- Typical home value: $270,159
- 1 year home value change: +7.9%
- 10 year home value change: +34.9%
- #6,216 most expensive city nationwide

- Pictured: 2133 E Lake Blvd, Auburn ($3.0 million, 4 bedrooms)
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#24. Arley

- Typical home value: $270,965
- 1 year home value change: +2.2%
- 10 year home value change: +23.0%
- #6,183 most expensive city nationwide

- Pictured: 363 W Pointe Dr, Arley ($1.3 million, 6 bedrooms)
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#23. Rosa

- Typical home value: $272,175
- 1 year home value change: +5.2%
- 10 year home value change: +28.4%
- #6,129 most expensive city nationwide

- Pictured: Highway 79 Lot 1, Cleveland ($9,000, None bedrooms)
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#22. Madison

- Typical home value: $275,232
- 1 year home value change: +13.9%
- 10 year home value change: +33.2%
- #5,999 most expensive city nationwide

- Pictured: 114 Grand Cove Pl, Madison ($2.7 million, 6 bedrooms)
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#21. Chelsea

- Typical home value: $278,713
- 1 year home value change: +6.6%
- 10 year home value change: +29.1%
- #5,847 most expensive city nationwide

- Pictured: 350 Crossbrook Dr, Chelsea ($2.3 million, 5 bedrooms)
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#20. Spanish Fort

- Typical home value: $282,249
- 1 year home value change: +7.3%
- 10 year home value change: +23.0%
- #5,722 most expensive city nationwide

- Pictured: 8463 Pine Run, Spanish Fort ($1.2 million, 6 bedrooms)
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#19. Trussville

- Typical home value: $292,077
- 1 year home value change: +9.1%
- 10 year home value change: +32.8%
- #5,372 most expensive city nationwide

- Pictured: 8097 Gadsden Hwy, Trussville ($2.3 million, 4 bedrooms)
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#18. Pike Road

- Typical home value: $302,718
- 1 year home value change: +4.2%
- 10 year home value change: -2.4%
- #5,001 most expensive city nationwide

- Pictured: 11 Waters View Dr, Pike Road ($1.6 million, 6 bedrooms)
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#17. Gulf Shores

- Typical home value: $306,037
- 1 year home value change: +15.8%
- 10 year home value change: +71.3%
- #4,890 most expensive city nationwide

- Pictured: 3468 Ponce De Leon Ct, Gulf Shores ($3.5 million, 18 bedrooms)
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#16. Dadeville

- Typical home value: $306,942
- 1 year home value change: +5.9%
- 10 year home value change: +37.1%
- #4,864 most expensive city nationwide

- Pictured: 89 Cape Emerald, Dadeville ($2.3 million, 5 bedrooms)
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#15. Cecil

- Typical home value: $318,641
- 1 year home value change: +3.2%
- 10 year home value change: +data not available
- #4,496 most expensive city nationwide

- Pictured: 1101 Judkins Rd, Cecil ($360,000, 4 bedrooms)
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#14. Owens Cross Roads

- Typical home value: $321,539
- 1 year home value change: +12.8%
- 10 year home value change: +28.1%
- #4,422 most expensive city nationwide

- Pictured: 1859 Little Cove Rd, Owens Cross Roads ($1.2 million, 5 bedrooms)
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#13. Hoover

- Typical home value: $333,843
- 1 year home value change: +8.7%
- 10 year home value change: +35.6%
- #4,132 most expensive city nationwide

- Pictured: 1082 Greystone Crst, Hoover ($3.5 million, 7 bedrooms)
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#12. Fairhope

- Typical home value: $334,383
- 1 year home value change: +8.3%
- 10 year home value change: +41.0%
- #4,118 most expensive city nationwide

- Pictured: 17747 Scenic Highway 98, Fairhope ($7.5 million, 8 bedrooms)
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#11. Dauphin Island

- Typical home value: $337,754
- 1 year home value change: +10.6%
- 10 year home value change: +data not available
- #4,043 most expensive city nationwide

- Pictured: 514 Lemoyne Dr, Dauphin Island ($874,500, 2 bedrooms)
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#10. Meadowbrook

- Typical home value: $343,914
- 1 year home value change: +4.7%
- 10 year home value change: +33.7%
- #3,906 most expensive city nationwide

- Pictured: 3084 Brookhill Dr, Birmingham ($559,900, 6 bedrooms)
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#9. Orange Beach

- Typical home value: $362,194
- 1 year home value change: +15.6%
- 10 year home value change: +103.6%
- #3,503 most expensive city nationwide

- Pictured: 5362 Mississippi Ave, Orange Beach ($7.0 million, 8 bedrooms)
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#8. Jacksons Gap

- Typical home value: $364,925
- 1 year home value change: +4.6%
- 10 year home value change: +30.8%
- #3,445 most expensive city nationwide

- Pictured: 109 Oaks Pt, Jacksons Gap ($1.5 million, 6 bedrooms)
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#7. Mooresville

- Typical home value: $368,623
- 1 year home value change: +2.5%
- 10 year home value change: +data not available
- #3,373 most expensive city nationwide

- Pictured: 703 Willow Shoals Dr SW, Madison ($200,000, 3 bedrooms)
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#6. Lake Purdy

- Typical home value: $383,992
- 1 year home value change: +6.4%
- 10 year home value change: +26.2%
- #3,092 most expensive city nationwide

- Pictured: Pine Top Rd, Coden ($59,900, None bedrooms)
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#5. Indian Springs Village

- Typical home value: $408,584
- 1 year home value change: +6.0%
- 10 year home value change: +40.6%
- #2,700 most expensive city nationwide

- Pictured: 2723 Cahaba Valley Rd, Indian Springs Village ($2.4 million, 7 bedrooms)
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#4. Homewood

- Typical home value: $417,881
- 1 year home value change: +10.4%
- 10 year home value change: +68.0%
- #2,570 most expensive city nationwide

- Pictured: 1506 Grove Pl, Homewood ($1.5 million, 5 bedrooms)
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#3. Vestavia Hills

- Typical home value: $428,547
- 1 year home value change: +7.6%
- 10 year home value change: +38.8%
- #2,446 most expensive city nationwide

- Pictured: 620 Lake Colony Pointe, Vestavia Hills ($2.9 million, 6 bedrooms)
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#2. Equality

- Typical home value: $549,355
- 1 year home value change: +9.6%
- 10 year home value change: +39.6%
- #1,352 most expensive city nationwide

- Pictured: 100 Maple Dr, Equality ($950,000, 5 bedrooms)
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#1. Mountain Brook

- Typical home value: $748,045
- 1 year home value change: +10.0%
- 10 year home value change: +52.4%
- #643 most expensive city nationwide

- Pictured: 3555 Spring Valley Ct, Mountain Brook ($6.3 million, 4 bedrooms)

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