Cities with the most expensive homes in the Burlington, North Carolina metro area
Cities with the most expensive homes in the Burlington, North Carolina 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 $360,999 in September, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 17, the 30-year fixed mortgage rate sits at 6.44%.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 Burlington, North Carolina metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 8 cities and towns with data available were included in the list.
#8. Burlington, NC
- Typical home value: $245,483
- 1-year price change: +3.5%
- 5-year price change: +75.6%
#7. Glen Raven, NC
- Typical home value: $252,387
- 1-year price change: +4.5%
- 5-year price change: +71.2%
#6. Haw River, NC
- Typical home value: $262,764
- 1-year price change: +4.6%
- 5-year price change: +74.5%
#5. Graham, NC
- Typical home value: $284,823
- 1-year price change: +3.1%
- 5-year price change: +79.2%
#4. Snow Camp, NC
- Typical home value: $295,307
- 1-year price change: +4.0%
- 5-year price change: +65.4%
#3. Elon, NC
- Typical home value: $334,079
- 1-year price change: +4.1%
- 5-year price change: +55.4%
#2. Mebane, NC
- Typical home value: $349,275
- 1-year price change: +2.0%
- 5-year price change: +58.0%
#1. Swepsonville, NC
- Typical home value: $360,858
- 1-year price change: +2.4%
- 5-year price change: +60.1%