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1 / 7#7. Burlington, NC
- Typical home value: $259,252
- 1-year price change: +1.5%
- 5-year price change: +40.2%
Cities with the most expensive homes in the Burlington, North Carolina 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 Burlington, North Carolina 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. Graham, NC
- Typical home value: $297,370
- 1-year price change: +1.8%
- 5-year price change: +44.2%
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3 / 7#5. Haw River, NC
- Typical home value: $301,200
- 1-year price change: -1.1%
- 5-year price change: +42.0%
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4 / 7#4. Snow Camp, NC
- Typical home value: $315,166
- 1-year price change: +3.4%
- 5-year price change: +40.6%
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5 / 7#3. Elon, NC
- Typical home value: $354,344
- 1-year price change: +0.8%
- 5-year price change: +32.3%
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6 / 7#2. Mebane, NC
- Typical home value: $357,563
- 1-year price change: -0.4%
- 5-year price change: +29.7%
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7 / 7#1. Swepsonville, NC
- Typical home value: $364,729
- 1-year price change: +3.4%
- 5-year price change: +38.0%
