Cities with the most expensive homes in the Tyler metro area
Cities with the most expensive homes in the Tyler 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 $360,385 in October, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.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 Tyler metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 6 cities and towns with data available were included in the list.
#6. Arp, TX
- Typical home value: $160,958
- 1-year price change: -3.9%
- 5-year price change: +30.8%
#5. Winona, TX
- Typical home value: $214,020
- 1-year price change: -4.6%
- 5-year price change: +36.9%
#4. Tyler, TX
- Typical home value: $251,728
- 1-year price change: -0.3%
- 5-year price change: +51.8%
#3. Mineola, TX
- Typical home value: $270,343
- 1-year price change: +0.3%
- 5-year price change: +56.3%
#2. Whitehouse, TX
- Typical home value: $287,905
- 1-year price change: -0.4%
- 5-year price change: +49.6%
#1. Lindale, TX
- Typical home value: $293,199
- 1-year price change: -0.5%
- 5-year price change: +52.9%