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 $359,402 in April, 4.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 23, the 30-year fixed mortgage rate sits at 6.94%.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: $156,625
- 1-year price change: -2.7%
- 5-year price change: +40.4%
#5. Winona, TX
- Typical home value: $210,171
- 1-year price change: -0.6%
- 5-year price change: +47.7%
#4. Tyler, TX
- Typical home value: $253,098
- 1-year price change: +3.5%
- 5-year price change: +57.8%
#3. Mineola, TX
- Typical home value: $270,801
- 1-year price change: -1.1%
- 5-year price change: +61.0%
#2. Whitehouse, TX
- Typical home value: $286,847
- 1-year price change: +3.7%
- 5-year price change: +56.5%
#1. Lindale, TX
- Typical home value: $296,387
- 1-year price change: +4.2%
- 5-year price change: +60.0%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.