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1 / 8#8. Bucoda, WA
- Typical home value: $317,917
- 1-year price change: +2.1%
- 5-year price change: +20.4%
Cities with the most expensive homes in the Olympia 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 $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the 30-year fixed mortgage rate sits at 6.95%.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 Olympia metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 8 cities and towns with data available were included in the list.
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2 / 8#7. Yelm, WA
- Typical home value: $483,084
- 1-year price change: +0.5%
- 5-year price change: +10.2%
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3 / 8#6. Tenino, WA
- Typical home value: $508,246
- 1-year price change: +1.0%
- 5-year price change: +12.8%
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4 / 8#5. Lacey, WA
- Typical home value: $509,747
- 1-year price change: +0.2%
- 5-year price change: +11.9%
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5 / 8#4. Rochester, WA
- Typical home value: $513,343
- 1-year price change: +1.0%
- 5-year price change: +14.5%
You may also like: The most expensive neighborhoods in Olympia
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6 / 8#3. Rainier, WA
- Typical home value: $515,485
- 1-year price change: +1.2%
- 5-year price change: +17.5%
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7 / 8#2. Tumwater, WA
- Typical home value: $522,305
- 1-year price change: +0.8%
- 5-year price change: +11.8%
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8 / 8#1. Olympia, WA
- Typical home value: $529,479
- 1-year price change: -0.2%
- 5-year price change: +11.7%
