Cities with the most expensive homes in the Chambersburg metro area
Cities with the most expensive homes in the Chambersburg 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 Chambersburg 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. Mont Alto, PA
- Typical home value: $208,156
- 1-year price change: +4.9%
- 5-year price change: +47.1%
#5. Waynesboro, PA
- Typical home value: $253,149
- 1-year price change: +5.0%
- 5-year price change: +42.8%
#4. Fayetteville, PA
- Typical home value: $258,433
- 1-year price change: +5.3%
- 5-year price change: +53.7%
#3. Mercersburg, PA
- Typical home value: $265,691
- 1-year price change: +2.9%
- 5-year price change: +43.8%
#2. Chambersburg, PA
- Typical home value: $265,881
- 1-year price change: +3.9%
- 5-year price change: +44.0%
#1. Greencastle, PA
- Typical home value: $298,423
- 1-year price change: +3.7%
- 5-year price change: +38.1%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.