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 $360,999 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 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: $195,281
- 1-year price change: +4.9%
- 5-year price change: +60.2%
#6. Avenal, CA
- Typical home value: $242,103
- 1-year price change: +5.0%
- 5-year price change: +57.6%
#5. Stratford, CA
- Typical home value: $244,794
- 1-year price change: +0.5%
- 5-year price change: +51.6%
#4. Corcoran, CA
- Typical home value: $258,083
- 1-year price change: +4.7%
- 5-year price change: +54.3%
#3. Armona, CA
- Typical home value: $280,036
- 1-year price change: +4.5%
- 5-year price change: +57.7%
#2. Hanford, CA
- Typical home value: $365,365
- 1-year price change: +4.0%
- 5-year price change: +48.2%
#1. Lemoore, CA
- Typical home value: $369,957
- 1-year price change: +2.1%
- 5-year price change: +42.3%