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1 / 4#4. Smiths Station, AL
- Typical home value: $290,548
- 1-year price change: +5.5%
- 5-year price change: +26.7%
Cities with the most expensive homes in the Auburn 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 $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 Auburn metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 4 cities and towns with data available were included in the list.
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2 / 4#3. Opelika, AL
- Typical home value: $308,650
- 1-year price change: +3.4%
- 5-year price change: +25.4%
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3 / 4#2. Salem, AL
- Typical home value: $332,222
- 1-year price change: +5.2%
- 5-year price change: +30.4%
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4 / 4#1. Auburn, AL
- Typical home value: $419,162
- 1-year price change: +4.3%
- 5-year price change: +30.3%
