Cities with the most expensive homes in the Gainesville, Georgia metro area
Cities with the most expensive homes in the Gainesville, 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 $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 Gainesville, Georgia 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. Gillsville, GA
- Typical home value: $308,945
- 1-year price change: +4.7%
- 5-year price change: +83.8%
#6. Oakwood, GA
- Typical home value: $309,937
- 1-year price change: +3.6%
- 5-year price change: +69.8%
#5. Lula, GA
- Typical home value: $314,072
- 1-year price change: +3.6%
- 5-year price change: +79.6%
#4. Gainesville, GA
- Typical home value: $361,190
- 1-year price change: +3.8%
- 5-year price change: +67.5%
#3. Murrayville, GA
- Typical home value: $366,237
- 1-year price change: +5.5%
- 5-year price change: +68.4%
#2. Clermont, GA
- Typical home value: $398,596
- 1-year price change: +6.4%
- 5-year price change: +76.7%
#1. Flowery Branch, GA
- Typical home value: $422,854
- 1-year price change: +3.1%
- 5-year price change: +63.0%