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 a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.
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.
#3. Kokomo, IN
- Typical home value: $153,835
- 1-year price change: +3.0%
- 5-year price change: +52.1%
#2. Greentown, IN
- Typical home value: $216,097
- 1-year price change: +2.5%
- 5-year price change: +47.6%
#1. Russiaville, IN
- Typical home value: $232,127
- 1-year price change: +1.6%
- 5-year price change: +49.5%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.
