Cities with the most expensive homes in the St. Cloud metro area

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FOTOGRIN // Shutterstock
FOTOGRIN // Shutterstock

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 St. Cloud metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 25 cities and towns with data available were included in the list.

#25. Belgrade, MN

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#25. Belgrade, MN

- Typical home value: $186,424
- 1-year price change: +1.1%
- 5-year price change: +23.3%

#24. Paynesville, MN

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#24. Paynesville, MN

- Typical home value: $225,234
- 1-year price change: +2.3%
- 5-year price change: +31.1%

#23. Melrose, MN

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#23. Melrose, MN

- Typical home value: $235,087
- 1-year price change: +2.1%
- 5-year price change: +29.1%

#22. Brooten, MN

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#22. Brooten, MN

- Typical home value: $239,522
- 1-year price change: -1.3%
- 5-year price change: +19.0%

#21. Waite Park, MN

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#21. Waite Park, MN

- Typical home value: $253,123
- 1-year price change: +1.8%
- 5-year price change: +25.6%

#20. Foley, MN

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#20. Foley, MN

- Typical home value: $259,174
- 1-year price change: +1.6%
- 5-year price change: +30.5%

#19. Gilman, MN

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#19. Gilman, MN

- Typical home value: $263,032
- 1-year price change: +1.3%
- 5-year price change: data not available

#18. Kimball, MN

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#18. Kimball, MN

- Typical home value: $266,159
- 1-year price change: +0.9%
- 5-year price change: +26.1%

#17. Eden Valley, MN

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#17. Eden Valley, MN

- Typical home value: $298,665
- 1-year price change: +4.2%
- 5-year price change: +21.8%

#16. Saint Stephen, MN

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#16. Saint Stephen, MN

- Typical home value: $303,854
- 1-year price change: +2.0%
- 5-year price change: +25.2%

#15. Sauk Rapids, MN

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#15. Sauk Rapids, MN

- Typical home value: $305,305
- 1-year price change: +2.2%
- 5-year price change: +27.1%

#14. Sauk Centre, MN

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#14. Sauk Centre, MN

- Typical home value: $321,499
- 1-year price change: +2.9%
- 5-year price change: +28.3%

#13. Watkins, MN

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#13. Watkins, MN

- Typical home value: $324,688
- 1-year price change: +4.3%
- 5-year price change: +22.8%

#12. Saint Joseph, MN

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#12. Saint Joseph, MN

- Typical home value: $337,533
- 1-year price change: +4.3%
- 5-year price change: +28.4%

#11. Sartell, MN

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#11. Sartell, MN

- Typical home value: $339,958
- 1-year price change: +2.5%
- 5-year price change: +23.7%

#10. Rice, MN

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#10. Rice, MN

- Typical home value: $355,117
- 1-year price change: +2.4%
- 5-year price change: +25.2%

#9. Albany, MN

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#9. Albany, MN

- Typical home value: $356,212
- 1-year price change: +1.6%
- 5-year price change: +25.4%

#8. Richmond, MN

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#8. Richmond, MN

- Typical home value: $365,224
- 1-year price change: +1.4%
- 5-year price change: +23.2%

#7. Cold Spring, MN

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#7. Cold Spring, MN

- Typical home value: $369,536
- 1-year price change: +2.4%
- 5-year price change: +25.7%

#6. Holdingford, MN

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#6. Holdingford, MN

- Typical home value: $369,706
- 1-year price change: +5.5%
- 5-year price change: +35.8%

#5. Saint Augusta, MN

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#5. Saint Augusta, MN

- Typical home value: $375,242
- 1-year price change: +2.9%
- 5-year price change: +25.2%

#4. Avon, MN

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#4. Avon, MN

- Typical home value: $382,262
- 1-year price change: +2.6%
- 5-year price change: +29.4%

#3. Freeport, MN

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#3. Freeport, MN

- Typical home value: $410,434
- 1-year price change: +3.2%
- 5-year price change: +31.0%

#2. South Haven, MN

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#2. South Haven, MN

- Typical home value: $410,759
- 1-year price change: +4.3%
- 5-year price change: +22.6%

#1. Oak Park, MN

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#1. Oak Park, MN

- Typical home value: $420,426
- 1-year price change: +13.2%
- 5-year price change: +28.2%