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 $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.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: $198,873
- 1-year price change: +4.6%
- 5-year price change: +48.8%
#6. Goshen, IN
- Typical home value: $250,100
- 1-year price change: +2.9%
- 5-year price change: +46.1%
#5. Nappanee, IN
- Typical home value: $258,239
- 1-year price change: +4.5%
- 5-year price change: +42.7%
#4. New Paris, IN
- Typical home value: $279,390
- 1-year price change: +4.3%
- 5-year price change: +47.6%
#3. Bristol, IN
- Typical home value: $300,851
- 1-year price change: +3.4%
- 5-year price change: +45.7%
#2. Middlebury, IN
- Typical home value: $345,090
- 1-year price change: +3.3%
- 5-year price change: +43.3%
#1. Millersburg, IN
- Typical home value: $375,719
- 1-year price change: +4.9%
- 5-year price change: +45.2%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
