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1 / 7#7. Elkhart, IN
- Typical home value: $231,547
- 1-year price change: +5.9%
- 5-year price change: +32.8%
Cities with the most expensive homes in the Elkhart 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 $371,757 in July, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of August 13, the 30-year fixed mortgage rate sits at 6.67%.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 Elkhart metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.
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2 / 7#6. Goshen, IN
- Typical home value: $283,500
- 1-year price change: +5.3%
- 5-year price change: +29.5%
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3 / 7#5. Nappanee, IN
- Typical home value: $301,513
- 1-year price change: +6.3%
- 5-year price change: +31.0%
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4 / 7#4. New Paris, IN
- Typical home value: $309,857
- 1-year price change: +5.3%
- 5-year price change: +31.8%
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5 / 7#3. Bristol, IN
- Typical home value: $345,771
- 1-year price change: +6.1%
- 5-year price change: +31.5%
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6 / 7#2. Middlebury, IN
- Typical home value: $387,765
- 1-year price change: +7.1%
- 5-year price change: +31.0%
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7 / 7#1. Millersburg, IN
- Typical home value: $426,842
- 1-year price change: +9.0%
- 5-year price change: +32.8%
