Cities with the most expensive homes in the Albany, Georgia metro area
Cities with the most expensive homes in the Albany, Georgia 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 a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.
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 Albany metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
#11. De Soto, GA
- Typical home value: $67,248
- 1-year price change: -5.7%
- 5-year price change: +29.1%
#10. Dawson, GA
- Typical home value: $73,980
- 1-year price change: +9.0%
- 5-year price change: +76.0%
#9. Sasser, GA
- Typical home value: $101,038
- 1-year price change: +8.4%
- 5-year price change: +65.4%
#8. Bronwood, GA
- Typical home value: $102,957
- 1-year price change: +1.5%
- 5-year price change: +65.0%
#7. Albany, GA
- Typical home value: $120,135
- 1-year price change: +3.8%
- 5-year price change: +62.5%
#6. Smithville, GA
- Typical home value: $131,233
- 1-year price change: +4.8%
- 5-year price change: +61.1%
#5. Sylvester, GA
- Typical home value: $140,511
- 1-year price change: +2.8%
- 5-year price change: +44.0%
#4. Parrott, GA
- Typical home value: $146,059
- 1-year price change: -1.3%
- 5-year price change: +56.5%
#3. Ty Ty, GA
- Typical home value: $149,780
- 1-year price change: +2.4%
- 5-year price change: +38.6%
#2. Leesburg, GA
- Typical home value: $238,469
- 1-year price change: +5.2%
- 5-year price change: +56.1%
#1. Warwick, GA
- Typical home value: $250,080
- 1-year price change: -2.0%
- 5-year price change: +42.1%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.
