Cities with the most expensive homes in the Elmira metro area
Cities with the most expensive homes in the Elmira 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 $358,761 in November, 2.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of December 19, the 30-year fixed mortgage rate sits at 6.72%.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 Elmira metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 4 cities and towns with data available were included in the list.
#4. Wellsburg, NY
- Typical home value: $152,524
- 1-year price change: +8.6%
- 5-year price change: +41.1%
#3. Millport, NY
- Typical home value: $163,363
- 1-year price change: +8.9%
- 5-year price change: +50.3%
#2. Breesport, NY
- Typical home value: $167,359
- 1-year price change: +1.2%
- 5-year price change: +37.8%
#1. Pine Valley, NY
- Typical home value: $177,294
- 1-year price change: +6.9%
- 5-year price change: +39.5%