Cities with the most expensive homes in the Montgomery metro area
Cities with the most expensive homes in the Montgomery 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 a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.
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 Montgomery metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
#21. Fort Deposit, AL
- Typical home value: $115,456
- 1-year price change: -3.7%
- 5-year price change: +31.6%
#20. Jones, AL
- Typical home value: $132,289
- 1-year price change: -5.2%
- 5-year price change: +32.7%
#19. Montgomery, AL
- Typical home value: $138,433
- 1-year price change: +3.8%
- 5-year price change: +48.9%
#18. Lapine, AL
- Typical home value: $139,616
- 1-year price change: -2.1%
- 5-year price change: +31.7%
#17. Grady, AL
- Typical home value: $142,682
- 1-year price change: -0.3%
- 5-year price change: +36.4%
#16. Letohatchee, AL
- Typical home value: $145,245
- 1-year price change: -3.6%
- 5-year price change: +23.2%
#15. Autaugaville, AL
- Typical home value: $150,319
- 1-year price change: -4.4%
- 5-year price change: +39.2%
#14. Tallassee, AL
- Typical home value: $165,066
- 1-year price change: -3.0%
- 5-year price change: +36.8%
#13. Ramer, AL
- Typical home value: $178,300
- 1-year price change: -1.5%
- 5-year price change: +27.3%
#12. Billingsley, AL
- Typical home value: $194,485
- 1-year price change: -3.5%
- 5-year price change: +38.4%
#11. Millbrook, AL
- Typical home value: $195,581
- 1-year price change: +4.2%
- 5-year price change: +41.5%
#10. Marbury, AL
- Typical home value: $197,405
- 1-year price change: -2.9%
- 5-year price change: +40.9%
#9. Coosada, AL
- Typical home value: $202,256
- 1-year price change: +1.4%
- 5-year price change: +34.0%
#8. Elmore, AL
- Typical home value: $217,668
- 1-year price change: +4.2%
- 5-year price change: +41.6%
#7. Prattville, AL
- Typical home value: $232,437
- 1-year price change: +2.9%
- 5-year price change: +39.1%
#6. Hope Hull, AL
- Typical home value: $242,061
- 1-year price change: +0.4%
- 5-year price change: +35.5%
#5. Wetumpka, AL
- Typical home value: $260,192
- 1-year price change: +4.5%
- 5-year price change: +42.9%
#4. Deatsville, AL
- Typical home value: $272,193
- 1-year price change: +4.0%
- 5-year price change: +43.3%
#3. Titus, AL
- Typical home value: $303,368
- 1-year price change: +1.5%
- 5-year price change: +41.3%
#2. Eclectic, AL
- Typical home value: $368,611
- 1-year price change: +1.4%
- 5-year price change: +45.7%
#1. Pike Road, AL
- Typical home value: $394,301
- 1-year price change: +1.9%
- 5-year price change: +31.5%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.
