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 $362,143 in August, 2.5% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 19, the 30-year fixed mortgage rate sits at 6.09%.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: $311,577
- 1-year price change: +6.5%
- 5-year price change: +85.7%
#6. Oakwood, GA
- Typical home value: $315,062
- 1-year price change: +4.8%
- 5-year price change: +71.3%
#5. Lula, GA
- Typical home value: $315,818
- 1-year price change: +4.9%
- 5-year price change: +80.6%
#4. Gainesville, GA
- Typical home value: $367,358
- 1-year price change: +4.9%
- 5-year price change: +68.7%
#3. Murrayville, GA
- Typical home value: $371,684
- 1-year price change: +6.9%
- 5-year price change: +69.0%
#2. Clermont, GA
- Typical home value: $399,534
- 1-year price change: +7.9%
- 5-year price change: +77.5%
#1. Flowery Branch, GA
- Typical home value: $426,003
- 1-year price change: +3.7%
- 5-year price change: +63.7%