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 $355,696 in March, 4.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 2, the 30-year fixed mortgage rate sits at 7.22%.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: $188,844
- 1-year price change: +0.9%
- 5-year price change: +57.2%
#6. Avenal, CA
- Typical home value: $234,433
- 1-year price change: +5.4%
- 5-year price change: +57.9%
#5. Stratford, CA
- Typical home value: $243,494
- 1-year price change: +0.9%
- 5-year price change: +56.2%
#4. Corcoran, CA
- Typical home value: $255,862
- 1-year price change: +6.9%
- 5-year price change: +56.9%
#3. Armona, CA
- Typical home value: $275,638
- 1-year price change: +6.8%
- 5-year price change: +62.6%
#2. Hanford, CA
- Typical home value: $361,967
- 1-year price change: +5.7%
- 5-year price change: +49.3%
#1. Lemoore, CA
- Typical home value: $369,160
- 1-year price change: +4.0%
- 5-year price change: +43.9%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
