Cities with the most expensive homes in the Jonesboro metro area
Cities with the most expensive homes in the Jonesboro 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 $364,891 in September, 0.0% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 16, the 30-year fixed mortgage rate sits at 6.27%.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 Jonesboro metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 9 cities and towns with data available were included in the list.
#9. Marked Tree, AR
- Typical home value: $88,517
- 1-year price change: -10.8%
- 5-year price change: +1.3%
#8. Lepanto, AR
- Typical home value: $95,929
- 1-year price change: -9.7%
- 5-year price change: +19.1%
#7. Trumann, AR
- Typical home value: $130,463
- 1-year price change: -3.8%
- 5-year price change: +31.9%
#6. Bay, AR
- Typical home value: $135,543
- 1-year price change: -3.4%
- 5-year price change: +29.7%
#5. Harrisburg, AR
- Typical home value: $139,571
- 1-year price change: -8.1%
- 5-year price change: +20.6%
#4. Monette, AR
- Typical home value: $140,029
- 1-year price change: -5.5%
- 5-year price change: +17.1%
#3. Lake City, AR
- Typical home value: $161,204
- 1-year price change: -1.8%
- 5-year price change: +34.3%
#2. Jonesboro, AR
- Typical home value: $221,132
- 1-year price change: +0.5%
- 5-year price change: +29.1%
#1. Brookland, AR
- Typical home value: $226,634
- 1-year price change: +3.2%
- 5-year price change: +35.8%