Cities with the most expensive homes in the Yuma metro area
Cities with the most expensive homes in the Yuma 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 $360,385 in October, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.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 Yuma metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 5 cities and towns with data available were included in the list.
#5. San Luis, AZ
- Typical home value: $240,650
- 1-year price change: +2.6%
- 5-year price change: +69.1%
#4. Gadsden, AZ
- Typical home value: $246,921
- 1-year price change: +2.8%
- 5-year price change: +71.6%
#3. Wellton, AZ
- Typical home value: $255,171
- 1-year price change: +2.7%
- 5-year price change: +63.3%
#2. Somerton, AZ
- Typical home value: $262,244
- 1-year price change: +1.1%
- 5-year price change: +67.7%
#1. Yuma, AZ
- Typical home value: $295,726
- 1-year price change: +3.5%
- 5-year price change: +67.6%