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 $360,385 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 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: $80,011
- 1-year price change: -1.6%
- 5-year price change: +18.0%
#8. Lepanto, AR
- Typical home value: $82,321
- 1-year price change: +0.6%
- 5-year price change: +40.3%
#7. Trumann, AR
- Typical home value: $124,463
- 1-year price change: +3.2%
- 5-year price change: +44.2%
#6. Monette, AR
- Typical home value: $125,555
- 1-year price change: +0.6%
- 5-year price change: +39.6%
#5. Bay, AR
- Typical home value: $125,939
- 1-year price change: +0.8%
- 5-year price change: +42.9%
#4. Harrisburg, AR
- Typical home value: $130,450
- 1-year price change: +0.8%
- 5-year price change: +36.5%
#3. Lake City, AR
- Typical home value: $147,678
- 1-year price change: +0.7%
- 5-year price change: +48.9%
#2. Jonesboro, AR
- Typical home value: $213,493
- 1-year price change: +0.2%
- 5-year price change: +34.9%
#1. Brookland, AR
- Typical home value: $215,942
- 1-year price change: +1.6%
- 5-year price change: +37.6%