Cities with the fastest growing home prices in Niles metro area

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November 23, 2022
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Cities with the fastest growing home prices in Niles metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Niles, MI metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 24 cities and towns with data available were included in the list.

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#24. Benton Harbor, Benton Harbor

- 1-year price change: +$11,465 (+11.8%)
- 5-year price change: +$79,044 (data not available)
- Typical home value: $108,881 (#24 most expensive city in metro)
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#23. Berrien Springs, Berrien Springs

- 1-year price change: +$15,133 (+9.1%)
- 5-year price change: +$69,400 (+61.9%)
- Typical home value: $181,445 (#21 most expensive city in metro)
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#22. Sodus, Sodus

- 1-year price change: +$15,296 (+8.5%)
- 5-year price change: +$67,955 (+53.7%)
- Typical home value: $194,545 (#18 most expensive city in metro)
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#21. Niles, Niles

- 1-year price change: +$15,935 (+10.2%)
- 5-year price change: +$64,907 (+60.5%)
- Typical home value: $172,254 (#22 most expensive city in metro)
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#20. Eau Claire, Eau Claire

- 1-year price change: +$19,537 (+10.0%)
- 5-year price change: +$81,352 (+60.6%)
- Typical home value: $215,652 (#16 most expensive city in metro)

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#19. Buchanan, Buchanan

- 1-year price change: +$20,483 (+14.8%)
- 5-year price change: +$67,747 (+74.4%)
- Typical home value: $158,768 (#23 most expensive city in metro)
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#18. Coloma, Coloma

- 1-year price change: +$22,312 (+11.7%)
- 5-year price change: +$74,571 (+53.7%)
- Typical home value: $213,357 (#17 most expensive city in metro)
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#17. Berrien Center, Berrien Center

- 1-year price change: +$22,479 (+10.3%)
- 5-year price change: +$82,321 (+52.1%)
- Typical home value: $240,427 (#14 most expensive city in metro)
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#16. Galien, Galien

- 1-year price change: +$22,736 (+13.4%)
- 5-year price change: +$70,110 (+57.3%)
- Typical home value: $192,542 (#19 most expensive city in metro)
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#15. Baroda, Baroda

- 1-year price change: +$24,776 (+12.1%)
- 5-year price change: +$70,110 (data not available)
- Typical home value: $228,906 (#15 most expensive city in metro)

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#14. Watervliet, Watervliet

- 1-year price change: +$25,207 (+15.7%)
- 5-year price change: +$69,076 (+59.2%)
- Typical home value: $185,855 (#20 most expensive city in metro)
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#13. Stevensville, Stevensville

- 1-year price change: +$30,910 (+14.7%)
- 5-year price change: +$76,912 (+47.0%)
- Typical home value: $240,635 (#13 most expensive city in metro)
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#12. Lake, Lake

- 1-year price change: +$34,228 (+12.1%)
- 5-year price change: +$114,284 (+56.6%)
- Typical home value: $316,261 (#8 most expensive city in metro)
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#11. Lincoln, Lincoln

- 1-year price change: +$35,082 (+12.5%)
- 5-year price change: +$98,031 (+44.9%)
- Typical home value: $316,395 (#7 most expensive city in metro)
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#10. Three Oaks, Three Oaks

- 1-year price change: +$35,279 (+12.8%)
- 5-year price change: +$134,976 (+77.0%)
- Typical home value: $310,160 (#9 most expensive city in metro)

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#9. Saint Joseph, Saint Joseph

- 1-year price change: +$36,300 (+13.5%)
- 5-year price change: +$102,185 (+50.5%)
- Typical home value: $304,504 (#10 most expensive city in metro)
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#8. Oronoko, Oronoko

- 1-year price change: +$36,367 (+14.7%)
- 5-year price change: +$99,065 (+53.6%)
- Typical home value: $283,987 (#12 most expensive city in metro)
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#7. Bridgman, Bridgman

- 1-year price change: +$38,221 (+15.3%)
- 5-year price change: +$104,538 (+57.1%)
- Typical home value: $287,619 (#11 most expensive city in metro)
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#6. Shoreham, Shoreham

- 1-year price change: +$45,484 (+16.1%)
- 5-year price change: +$103,538 (+46.1%)
- Typical home value: $328,093 (#6 most expensive city in metro)
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#5. Sawyer, Sawyer

- 1-year price change: +$64,399 (+17.4%)
- 5-year price change: +$144,694 (+49.8%)
- Typical home value: $435,536 (#5 most expensive city in metro)

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#4. New Buffalo, New Buffalo

- 1-year price change: +$128,385 (+24.4%)
- 5-year price change: +$278,325 (+74.0%)
- Typical home value: $654,547 (#4 most expensive city in metro)
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#3. Union Pier, Union Pier

- 1-year price change: +$151,520 (+26.7%)
- 5-year price change: +$306,563 (+74.3%)
- Typical home value: $718,951 (#3 most expensive city in metro)
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#2. Lakeside, Lakeside

- 1-year price change: +$206,106 (+28.8%)
- 5-year price change: +$431,721 (+88.3%)
- Typical home value: $920,848 (#1 most expensive city in metro)
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#1. Harbert, Harbert

- 1-year price change: +$207,294 (+29.5%)
- 5-year price change: +$415,017 (+83.8%)
- Typical home value: $910,225 (#2 most expensive city in metro)

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