Cities with the most expensive homes in the Columbus, Indiana metro area
Cities with the most expensive homes in the Columbus, Indiana 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 Columbus, Indiana metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 5 cities and towns with data available were included in the list.
#5. Taylorsville, IN
- Typical home value: $191,906
- 1-year price change: +5.8%
- 5-year price change: +68.8%
#4. Hope, IN
- Typical home value: $231,761
- 1-year price change: +6.8%
- 5-year price change: +66.4%
#3. Hartsville, IN
- Typical home value: $249,928
- 1-year price change: +6.2%
- 5-year price change: +57.7%
#2. Columbus, IN
- Typical home value: $261,753
- 1-year price change: +4.1%
- 5-year price change: +46.7%
#1. Elizabethtown, IN
- Typical home value: $261,965
- 1-year price change: +6.1%
- 5-year price change: +55.9%