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 $360,385 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 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: $165,893
- 1-year price change: +6.6%
- 5-year price change: +68.8%
#7. Donnelsville, OH
- Typical home value: $176,086
- 1-year price change: +7.4%
- 5-year price change: +49.4%
#6. Medway, OH
- Typical home value: $176,397
- 1-year price change: +6.2%
- 5-year price change: +62.2%
#5. Springfield, OH
- Typical home value: $176,994
- 1-year price change: +8.0%
- 5-year price change: +64.1%
#4. Enon, OH
- Typical home value: $226,368
- 1-year price change: +7.3%
- 5-year price change: +56.7%
#3. New Carlisle, OH
- Typical home value: $233,207
- 1-year price change: +6.1%
- 5-year price change: +55.9%
#2. South Charleston, OH
- Typical home value: $252,262
- 1-year price change: +6.6%
- 5-year price change: +58.9%
#1. South Vienna, OH
- Typical home value: $292,516
- 1-year price change: +5.6%
- 5-year price change: +64.8%