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 $360,999 in September, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 17, the 30-year fixed mortgage rate sits at 6.44%.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: $207,973
- 1-year price change: +2.6%
- 5-year price change: +47.4%
#6. Goshen, IN
- Typical home value: $260,117
- 1-year price change: +2.1%
- 5-year price change: +45.7%
#5. Nappanee, IN
- Typical home value: $267,857
- 1-year price change: +2.5%
- 5-year price change: +41.2%
#4. New Paris, IN
- Typical home value: $289,392
- 1-year price change: +2.6%
- 5-year price change: +46.3%
#3. Bristol, IN
- Typical home value: $314,822
- 1-year price change: +3.0%
- 5-year price change: +46.0%
#2. Middlebury, IN
- Typical home value: $358,891
- 1-year price change: +1.8%
- 5-year price change: +41.3%
#1. Millersburg, IN
- Typical home value: $386,751
- 1-year price change: +2.9%
- 5-year price change: +42.9%