Cities with the most expensive homes in the Lebanon 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 Lebanon 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.
#7. Lebanon, PA
- Typical home value: $276,244
- 1-year price change: +6.4%
- 5-year price change: +52.5%
#6. Myerstown, PA
- Typical home value: $310,105
- 1-year price change: +5.3%
- 5-year price change: +43.8%
#5. Jonestown, PA
- Typical home value: $316,282
- 1-year price change: +6.6%
- 5-year price change: +47.4%
#4. Newmanstown, PA
- Typical home value: $333,206
- 1-year price change: +6.4%
- 5-year price change: +46.2%
#3. Palmyra, PA
- Typical home value: $338,816
- 1-year price change: +5.9%
- 5-year price change: +45.3%
#2. Fredericksburg, PA
- Typical home value: $343,465
- 1-year price change: +5.6%
- 5-year price change: +47.0%
#1. Mount Gretna, PA
- Typical home value: $401,640
- 1-year price change: +5.3%
- 5-year price change: +51.8%