Cities with the most expensive homes in the Elkhart metro area
Cities with the most expensive homes in the Elkhart 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 Elkhart 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. Elkhart, IN
- Typical home value: $208,598
- 1-year price change: +2.9%
- 5-year price change: +47.5%
#6. Goshen, IN
- Typical home value: $259,334
- 1-year price change: +2.5%
- 5-year price change: +45.9%
#5. Nappanee, IN
- Typical home value: $269,569
- 1-year price change: +2.8%
- 5-year price change: +41.6%
#4. New Paris, IN
- Typical home value: $289,878
- 1-year price change: +2.8%
- 5-year price change: +46.6%
#3. Bristol, IN
- Typical home value: $314,930
- 1-year price change: +3.6%
- 5-year price change: +46.5%
#2. Middlebury, IN
- Typical home value: $360,073
- 1-year price change: +2.2%
- 5-year price change: +41.7%
#1. Millersburg, IN
- Typical home value: $387,116
- 1-year price change: +3.3%
- 5-year price change: +43.3%