Cities with the most expensive homes in the Niles metro area
Cities with the most expensive homes in the Niles 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 Niles metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 21 cities and towns with data available were included in the list.
#21. Benton Harbor, MI
- Typical home value: $127,211
- 1-year price change: -0.4%
- 5-year price change: +26.4%
#20. Buchanan, MI
- Typical home value: $155,625
- 1-year price change: +5.7%
- 5-year price change: +62.4%
#19. Niles, MI
- Typical home value: $180,002
- 1-year price change: +3.6%
- 5-year price change: +48.1%
#18. Berrien Springs, MI
- Typical home value: $185,463
- 1-year price change: +4.7%
- 5-year price change: +49.5%
#17. Watervliet, MI
- Typical home value: $188,216
- 1-year price change: +0.4%
- 5-year price change: +39.7%
#16. Galien, MI
- Typical home value: $204,511
- 1-year price change: +6.2%
- 5-year price change: +50.1%
#15. Sodus, MI
- Typical home value: $205,283
- 1-year price change: +1.4%
- 5-year price change: +54.5%
#14. Eau Claire, MI
- Typical home value: $217,793
- 1-year price change: +2.8%
- 5-year price change: +52.0%
#13. Coloma, MI
- Typical home value: $220,967
- 1-year price change: +4.5%
- 5-year price change: +53.3%
#12. Berrien Center, MI
- Typical home value: $254,076
- 1-year price change: +3.4%
- 5-year price change: +51.7%
#11. Oronoko, MI
- Typical home value: $278,886
- 1-year price change: +6.5%
- 5-year price change: +49.9%
#10. Three Oaks, MI
- Typical home value: $281,010
- 1-year price change: +5.6%
- 5-year price change: +62.8%
#9. Bridgman, MI
- Typical home value: $285,087
- 1-year price change: +2.1%
- 5-year price change: +42.4%
#8. Stevensville, MI
- Typical home value: $291,089
- 1-year price change: +8.3%
- 5-year price change: +52.8%
#7. Saint Joseph, MI
- Typical home value: $299,497
- 1-year price change: +6.5%
- 5-year price change: +44.6%
#6. Lake, MI
- Typical home value: $329,177
- 1-year price change: +5.2%
- 5-year price change: +55.5%
#5. Sawyer, MI
- Typical home value: $363,321
- 1-year price change: +7.1%
- 5-year price change: +56.9%
#4. New Buffalo, MI
- Typical home value: $564,590
- 1-year price change: +2.2%
- 5-year price change: +55.8%
#3. Union Pier, MI
- Typical home value: $675,920
- 1-year price change: +3.8%
- 5-year price change: +59.7%
#2. Harbert, MI
- Typical home value: $738,266
- 1-year price change: +5.0%
- 5-year price change: +52.0%
#1. Lakeside, MI
- Typical home value: $787,318
- 1-year price change: +2.8%
- 5-year price change: +52.2%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
