Cities with the most expensive homes in the Hanford metro area
Cities with the most expensive homes in the Hanford 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 Hanford metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.
#7. Kettleman City, CA
- Typical home value: $196,233
- 1-year price change: +5.2%
- 5-year price change: +59.5%
#6. Avenal, CA
- Typical home value: $240,582
- 1-year price change: +5.4%
- 5-year price change: +57.9%
#5. Stratford, CA
- Typical home value: $244,383
- 1-year price change: +0.7%
- 5-year price change: +51.3%
#4. Corcoran, CA
- Typical home value: $258,485
- 1-year price change: +4.6%
- 5-year price change: +54.4%
#3. Armona, CA
- Typical home value: $282,151
- 1-year price change: +4.4%
- 5-year price change: +57.2%
#2. Hanford, CA
- Typical home value: $364,492
- 1-year price change: +3.8%
- 5-year price change: +48.3%
#1. Lemoore, CA
- Typical home value: $368,654
- 1-year price change: +2.2%
- 5-year price change: +42.4%