Cities with the most expensive homes in the Altoona metro area
Cities with the most expensive homes in the Altoona 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 Altoona metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 6 cities and towns with data available were included in the list.
#6. Altoona, PA
- Typical home value: $141,941
- 1-year price change: +3.2%
- 5-year price change: +15.7%
#5. Bellwood, PA
- Typical home value: $173,300
- 1-year price change: +1.3%
- 5-year price change: -0.4%
#4. Roaring Spring, PA
- Typical home value: $197,676
- 1-year price change: +2.1%
- 5-year price change: +14.4%
#3. Duncansville, PA
- Typical home value: $230,728
- 1-year price change: +1.4%
- 5-year price change: +17.7%
#2. Hollidaysburg, PA
- Typical home value: $246,510
- 1-year price change: +2.8%
- 5-year price change: +21.2%
#1. Martinsburg, PA
- Typical home value: $248,364
- 1-year price change: +2.3%
- 5-year price change: +22.2%