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 $362,143 in August, 2.5% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 19, the 30-year fixed mortgage rate sits at 6.09%.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: $83,782
- 1-year price change: -3.4%
- 5-year price change: +17.1%
#8. Lepanto, AR
- Typical home value: $88,602
- 1-year price change: -0.3%
- 5-year price change: +37.5%
#7. Trumann, AR
- Typical home value: $125,208
- 1-year price change: +4.7%
- 5-year price change: +45.5%
#6. Bay, AR
- Typical home value: $126,922
- 1-year price change: +0.3%
- 5-year price change: +44.0%
#5. Monette, AR
- Typical home value: $129,505
- 1-year price change: +2.2%
- 5-year price change: +40.0%
#4. Harrisburg, AR
- Typical home value: $135,235
- 1-year price change: +1.6%
- 5-year price change: +37.7%
#3. Lake City, AR
- Typical home value: $150,871
- 1-year price change: +1.7%
- 5-year price change: +51.7%
#2. Jonesboro, AR
- Typical home value: $215,301
- 1-year price change: +0.4%
- 5-year price change: +35.9%
#1. Brookland, AR
- Typical home value: $217,245
- 1-year price change: +1.9%
- 5-year price change: +38.0%