Cities with the most expensive homes in the Springfield, Ohio metro area
Cities with the most expensive homes in the Springfield, Ohio 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 Springfield, Ohio 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. Park Layne, OH
- Typical home value: $166,182
- 1-year price change: +7.1%
- 5-year price change: +70.1%
#7. Springfield, OH
- Typical home value: $175,431
- 1-year price change: +8.6%
- 5-year price change: +64.3%
#6. Donnelsville, OH
- Typical home value: $176,657
- 1-year price change: +7.5%
- 5-year price change: +50.0%
#5. Medway, OH
- Typical home value: $177,829
- 1-year price change: +6.7%
- 5-year price change: +62.9%
#4. Enon, OH
- Typical home value: $226,786
- 1-year price change: +7.8%
- 5-year price change: +56.9%
#3. New Carlisle, OH
- Typical home value: $232,698
- 1-year price change: +6.1%
- 5-year price change: +56.9%
#2. South Charleston, OH
- Typical home value: $251,415
- 1-year price change: +6.8%
- 5-year price change: +59.9%
#1. South Vienna, OH
- Typical home value: $291,882
- 1-year price change: +5.7%
- 5-year price change: +65.4%