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 $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 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: $303,972
- 1-year price change: +8.2%
- 5-year price change: +84.8%
#6. Lula, GA
- Typical home value: $306,855
- 1-year price change: +7.4%
- 5-year price change: +80.4%
#5. Oakwood, GA
- Typical home value: $311,502
- 1-year price change: +6.3%
- 5-year price change: +72.5%
#4. Murrayville, GA
- Typical home value: $356,653
- 1-year price change: +8.6%
- 5-year price change: +67.1%
#3. Gainesville, GA
- Typical home value: $360,098
- 1-year price change: +5.9%
- 5-year price change: +69.0%
#2. Clermont, GA
- Typical home value: $387,526
- 1-year price change: +8.6%
- 5-year price change: +73.6%
#1. Flowery Branch, GA
- Typical home value: $423,976
- 1-year price change: +4.8%
- 5-year price change: +64.7%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
