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 $360,999 in September, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 17, the 30-year fixed mortgage rate sits at 6.44%.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: $84,912
- 1-year price change: -2.4%
- 5-year price change: +17.6%
#8. Lepanto, AR
- Typical home value: $85,216
- 1-year price change: +0.0%
- 5-year price change: +38.4%
#7. Trumann, AR
- Typical home value: $125,652
- 1-year price change: +4.2%
- 5-year price change: +45.0%
#6. Monette, AR
- Typical home value: $126,955
- 1-year price change: +1.6%
- 5-year price change: +39.7%
#5. Bay, AR
- Typical home value: $128,219
- 1-year price change: +0.8%
- 5-year price change: +43.5%
#4. Harrisburg, AR
- Typical home value: $133,751
- 1-year price change: +1.4%
- 5-year price change: +37.1%
#3. Lake City, AR
- Typical home value: $149,785
- 1-year price change: +1.3%
- 5-year price change: +50.1%
#2. Jonesboro, AR
- Typical home value: $213,629
- 1-year price change: +0.4%
- 5-year price change: +35.5%
#1. Brookland, AR
- Typical home value: $215,708
- 1-year price change: +1.7%
- 5-year price change: +37.7%