Cities with the most expensive homes in the Yuma metro area
Cities with the most expensive homes in the Yuma 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 $356,776 in January, 2.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of February 20, the 30-year fixed mortgage rate sits at 6.85%.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 Yuma metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 5 cities and towns with data available were included in the list.
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#5. San Luis, AZ
- Typical home value: $234,160
- 1-year price change: +2.2%
- 5-year price change: +67.7%
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#4. Gadsden, AZ
- Typical home value: $240,777
- 1-year price change: +2.2%
- 5-year price change: +69.8%
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#3. Wellton, AZ
- Typical home value: $259,403
- 1-year price change: +3.5%
- 5-year price change: +63.0%
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#2. Somerton, AZ
- Typical home value: $260,519
- 1-year price change: +2.2%
- 5-year price change: +65.7%
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#1. Yuma, AZ
- Typical home value: $295,559
- 1-year price change: +3.3%
- 5-year price change: +65.1%