Cities with the most expensive homes in the Mansfield metro area
Cities with the most expensive homes in the Mansfield 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 Mansfield metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 9 cities and towns with data available were included in the list.
#9. Mansfield, OH
- Typical home value: $138,946
- 1-year price change: +8.9%
- 5-year price change: +68.7%
#8. Plymouth, OH
- Typical home value: $157,129
- 1-year price change: +6.9%
- 5-year price change: +51.2%
#7. Shelby, OH
- Typical home value: $172,542
- 1-year price change: +7.1%
- 5-year price change: +60.4%
#6. Ontario, OH
- Typical home value: $217,452
- 1-year price change: +6.6%
- 5-year price change: +58.5%
#5. Shiloh, OH
- Typical home value: $218,944
- 1-year price change: +5.3%
- 5-year price change: +52.7%
#4. Lexington, OH
- Typical home value: $219,255
- 1-year price change: +5.5%
- 5-year price change: +54.6%
#3. Lucas, OH
- Typical home value: $232,271
- 1-year price change: +7.2%
- 5-year price change: +56.9%
#2. Butler, OH
- Typical home value: $251,779
- 1-year price change: +8.3%
- 5-year price change: +60.8%
#1. Bellville, OH
- Typical home value: $260,673
- 1-year price change: +7.0%
- 5-year price change: +62.9%