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1 / 9#9. Gadsden, AL
- Typical home value: $117,213
- 1-year price change: +5.7%
- 5-year price change: +12.1%
Cities with the most expensive homes in the Gadsden 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 $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the 30-year fixed mortgage rate sits at 6.95%.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 Gadsden metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 9 cities and towns with data available were included in the list.
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2 / 9#8. Attalla, AL
- Typical home value: $147,228
- 1-year price change: +4.9%
- 5-year price change: +19.6%
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3 / 9#7. Altoona, AL
- Typical home value: $205,047
- 1-year price change: +6.9%
- 5-year price change: +19.8%
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4 / 9#6. Glencoe, AL
- Typical home value: $216,458
- 1-year price change: +5.1%
- 5-year price change: +27.0%
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5 / 9#5. Boaz, AL
- Typical home value: $217,547
- 1-year price change: +4.7%
- 5-year price change: +25.5%
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6 / 9#4. Hokes Bluff, AL
- Typical home value: $221,543
- 1-year price change: +5.2%
- 5-year price change: +30.2%
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7 / 9#3. Gallant, AL
- Typical home value: $228,654
- 1-year price change: +5.3%
- 5-year price change: +18.5%
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8 / 9#2. Rainbow City, AL
- Typical home value: $254,337
- 1-year price change: +3.0%
- 5-year price change: +25.2%
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9 / 9#1. Southside, AL
- Typical home value: $276,228
- 1-year price change: +1.6%
- 5-year price change: +29.6%
