Cities with the most expensive homes in the Altoona metro area

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FOTOGRIN // Shutterstock
FOTOGRIN // Shutterstock

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 $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the 30-year fixed mortgage rate sits at 6.95%.

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 8 cities and towns with data available were included in the list.

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#8. Altoona, PA

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#8. Altoona, PA

- Typical home value: $139,939
- 1-year price change: +5.5%
- 5-year price change: +13.2%

#7. Claysburg, PA

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#7. Claysburg, PA

- Typical home value: $149,227
- 1-year price change: +5.8%
- 5-year price change: data not available

#6. Bellwood, PA

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#6. Bellwood, PA

- Typical home value: $167,639
- 1-year price change: +4.6%
- 5-year price change: +7.9%

#5. Williamsburg, PA

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#5. Williamsburg, PA

- Typical home value: $181,233
- 1-year price change: +7.4%
- 5-year price change: data not available

#3. Duncansville, PA

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#3. Duncansville, PA

- Typical home value: $235,210
- 1-year price change: +6.1%
- 5-year price change: +18.9%

#2. Martinsburg, PA

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#2. Martinsburg, PA

- Typical home value: $250,223
- 1-year price change: +8.1%
- 5-year price change: +23.4%

#1. Hollidaysburg, PA

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#1. Hollidaysburg, PA

- Typical home value: $250,926
- 1-year price change: +4.4%
- 5-year price change: +18.5%