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1 / 3#3. Kokomo, IN
- Typical home value: $186,870
- 1-year price change: +5.1%
- 5-year price change: +41.8%
Cities with the most expensive homes in the Kokomo 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 $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the 30-year fixed mortgage rate sits at 6.55%.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 Kokomo metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 3 cities and towns with data available were included in the list.
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2 / 3#2. Greentown, IN
- Typical home value: $253,381
- 1-year price change: +5.1%
- 5-year price change: +38.6%
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3 / 3#1. Russiaville, IN
- Typical home value: $269,872
- 1-year price change: +5.8%
- 5-year price change: +36.2%
