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 $360,385 in October, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.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: $245,287
- 1-year price change: +2.7%
- 5-year price change: +74.6%
#7. Glen Raven, NC
- Typical home value: $251,670
- 1-year price change: +3.8%
- 5-year price change: +70.3%
#6. Haw River, NC
- Typical home value: $261,825
- 1-year price change: +4.1%
- 5-year price change: +74.9%
#5. Graham, NC
- Typical home value: $284,512
- 1-year price change: +2.5%
- 5-year price change: +78.8%
#4. Snow Camp, NC
- Typical home value: $295,743
- 1-year price change: +3.3%
- 5-year price change: +65.1%
#3. Elon, NC
- Typical home value: $335,740
- 1-year price change: +3.7%
- 5-year price change: +55.4%
#2. Mebane, NC
- Typical home value: $348,881
- 1-year price change: +1.8%
- 5-year price change: +57.5%
#1. Swepsonville, NC
- Typical home value: $359,271
- 1-year price change: +2.1%
- 5-year price change: +60.6%