Cities with the most expensive homes in the Jonesboro metro area
Cities with the most expensive homes in the Jonesboro 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 $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.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 Jonesboro 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.
#9. Marked Tree, AR
- Typical home value: $78,690
- 1-year price change: -2.8%
- 5-year price change: +19.7%
#8. Lepanto, AR
- Typical home value: $79,537
- 1-year price change: +8.7%
- 5-year price change: +43.3%
#7. Trumann, AR
- Typical home value: $114,648
- 1-year price change: +8.4%
- 5-year price change: +51.9%
#6. Monette, AR
- Typical home value: $116,965
- 1-year price change: +8.0%
- 5-year price change: +43.7%
#5. Bay, AR
- Typical home value: $121,861
- 1-year price change: +4.5%
- 5-year price change: +46.1%
#4. Harrisburg, AR
- Typical home value: $127,992
- 1-year price change: +8.5%
- 5-year price change: +40.8%
#3. Lake City, AR
- Typical home value: $146,112
- 1-year price change: +8.1%
- 5-year price change: +61.3%
#2. Jonesboro, AR
- Typical home value: $210,453
- 1-year price change: +2.1%
- 5-year price change: +39.9%
#1. Brookland, AR
- Typical home value: $213,091
- 1-year price change: +3.7%
- 5-year price change: +41.0%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
