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 $355,696 in March, 4.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 2, the 30-year fixed mortgage rate sits at 7.22%.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: $160,588
- 1-year price change: +9.0%
- 5-year price change: +67.8%
#7. Donnelsville, OH
- Typical home value: $167,505
- 1-year price change: +5.0%
- 5-year price change: +42.5%
#6. Springfield, OH
- Typical home value: $168,111
- 1-year price change: +8.9%
- 5-year price change: +58.1%
#5. Medway, OH
- Typical home value: $169,720
- 1-year price change: +7.7%
- 5-year price change: +61.8%
#4. Enon, OH
- Typical home value: $216,692
- 1-year price change: +7.8%
- 5-year price change: +54.2%
#3. New Carlisle, OH
- Typical home value: $224,410
- 1-year price change: +6.6%
- 5-year price change: +56.4%
#2. South Charleston, OH
- Typical home value: $243,694
- 1-year price change: +7.0%
- 5-year price change: +57.7%
#1. South Vienna, OH
- Typical home value: $283,942
- 1-year price change: +8.0%
- 5-year price change: +65.2%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
