Cities with the most expensive homes in the Grants Pass metro area
Cities with the most expensive homes in the Grants Pass 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 Grants Pass metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.
#7. Cave Junction, OR
- Typical home value: $306,756
- 1-year price change: +1.0%
- 5-year price change: +37.9%
#6. Selma, OR
- Typical home value: $346,735
- 1-year price change: +1.7%
- 5-year price change: +31.5%
#5. Wolf Creek, OR
- Typical home value: $361,570
- 1-year price change: +1.9%
- 5-year price change: +29.8%
#4. Grants Pass, OR
- Typical home value: $402,945
- 1-year price change: +1.0%
- 5-year price change: +36.6%
#3. Wilderville, OR
- Typical home value: $411,748
- 1-year price change: +1.1%
- 5-year price change: +22.7%
#2. Merlin, OR
- Typical home value: $483,743
- 1-year price change: +1.3%
- 5-year price change: +33.0%
#1. Williams, OR
- Typical home value: $493,521
- 1-year price change: +0.9%
- 5-year price change: +24.4%