Cities with the most expensive homes in the California, Maryland metro area
Cities with the most expensive homes in the California, Maryland 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 California metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
#19. Chaptico, MD
- Typical home value: $306,463
- 1-year price change: +1.9%
- 5-year price change: +33.4%
#18. Great Mills, MD
- Typical home value: $337,815
- 1-year price change: +1.6%
- 5-year price change: +37.4%
#17. Lexington Park, MD
- Typical home value: $345,543
- 1-year price change: +2.0%
- 5-year price change: +36.9%
#16. Bushwood, MD
- Typical home value: $350,224
- 1-year price change: +2.8%
- 5-year price change: +35.4%
#15. California, MD
- Typical home value: $364,064
- 1-year price change: +2.0%
- 5-year price change: +34.4%
#14. Park Hall, MD
- Typical home value: $380,818
- 1-year price change: +2.5%
- 5-year price change: +33.1%
#13. Scotland, MD
- Typical home value: $381,026
- 1-year price change: +0.5%
- 5-year price change: +25.7%
#12. Coltons Point, MD
- Typical home value: $393,457
- 1-year price change: +2.6%
- 5-year price change: +36.9%
#11. Avenue, MD
- Typical home value: $401,817
- 1-year price change: -0.1%
- 5-year price change: +31.3%
#10. Mechanicsville, MD
- Typical home value: $404,495
- 1-year price change: +1.0%
- 5-year price change: +32.0%
#9. Callaway, MD
- Typical home value: $409,163
- 1-year price change: +1.2%
- 5-year price change: +35.1%
#8. Saint Inigoes, MD
- Typical home value: $424,570
- 1-year price change: -0.4%
- 5-year price change: +28.6%
#7. Ridge, MD
- Typical home value: $429,923
- 1-year price change: +0.9%
- 5-year price change: +27.5%
#6. Piney Point, MD
- Typical home value: $442,485
- 1-year price change: +0.8%
- 5-year price change: +27.6%
#5. Valley Lee, MD
- Typical home value: $446,986
- 1-year price change: +0.8%
- 5-year price change: +27.8%
#4. Hollywood, MD
- Typical home value: $466,987
- 1-year price change: +0.9%
- 5-year price change: +32.3%
#3. Leonardtown, MD
- Typical home value: $486,520
- 1-year price change: +1.0%
- 5-year price change: +33.5%
#2. Tall Timbers, MD
- Typical home value: $487,923
- 1-year price change: -0.1%
- 5-year price change: +27.5%
#1. Dameron, MD
- Typical home value: $528,953
- 1-year price change: +0.6%
- 5-year price change: +28.3%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.
