Cities with the most expensive homes in the Kokomo metro area
Cities with the most expensive homes in the Kokomo 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 Kokomo metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 3 cities and towns with data available were included in the list.
#3. Kokomo, IN
- Typical home value: $152,335
- 1-year price change: +6.0%
- 5-year price change: +49.2%
#2. Greentown, IN
- Typical home value: $209,534
- 1-year price change: +4.8%
- 5-year price change: +43.7%
#1. Russiaville, IN
- Typical home value: $226,978
- 1-year price change: +4.3%
- 5-year price change: +45.0%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
