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 $359,402 in April, 4.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 23, the 30-year fixed mortgage rate sits at 6.94%.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: $208,900
- 1-year price change: +4.6%
- 5-year price change: +45.5%
#5. Waynesboro, PA
- Typical home value: $254,935
- 1-year price change: +4.8%
- 5-year price change: +41.4%
#4. Fayetteville, PA
- Typical home value: $260,283
- 1-year price change: +5.1%
- 5-year price change: +52.0%
#3. Chambersburg, PA
- Typical home value: $267,321
- 1-year price change: +3.8%
- 5-year price change: +43.5%
#2. Mercersburg, PA
- Typical home value: $267,727
- 1-year price change: +2.7%
- 5-year price change: +42.7%
#1. Greencastle, PA
- Typical home value: $299,194
- 1-year price change: +3.4%
- 5-year price change: +37.4%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
