Cities with the fastest growing home prices in Harrisonburg metro area

Written by:
January 19, 2023
Konstantin L // Shutterstock

Cities with the fastest growing home prices in Harrisonburg metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Harrisonburg, VA metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 13 cities and towns with data available were included in the list.

You may also like: Metros sending the most people to Harrisonburg

1 / 13
Stacker

#13. Hinton, VA

- 1-year price change: +$16,225 (+7.8%)
- 5-year price change: +$220,951 (data not available)
- Typical home value: $223,080 (#13 most expensive city in metro)
2 / 13
Stacker

#12. Timberville, VA

- 1-year price change: +$20,217 (+9.0%)
- 5-year price change: +$70,873 (+40.6%)
- Typical home value: $245,353 (#12 most expensive city in metro)
3 / 13
Stacker

#11. Broadway, VA

- 1-year price change: +$21,283 (+8.2%)
- 5-year price change: +$78,125 (+38.4%)
- Typical home value: $281,602 (#11 most expensive city in metro)
4 / 13
Stacker

#10. New Market, VA

- 1-year price change: +$23,268 (+8.9%)
- 5-year price change: +$80,555 (+39.5%)
- Typical home value: $284,243 (#10 most expensive city in metro)
5 / 13
Stacker

#9. McGaheysville, VA

- 1-year price change: +$23,471 (+7.3%)
- 5-year price change: +$93,952 (+37.3%)
- Typical home value: $345,818 (#5 most expensive city in metro)

You may also like: Highest paying jobs in Harrisonburg that require a graduate degree

6 / 13
Stacker

#8. Elkton, VA

- 1-year price change: +$24,285 (+9.1%)
- 5-year price change: +$86,112 (+42.1%)
- Typical home value: $290,439 (#9 most expensive city in metro)
7 / 13
Stacker

#7. Harrisonburg, VA

- 1-year price change: +$25,160 (+8.9%)
- 5-year price change: +$87,643 (+39.8%)
- Typical home value: $307,740 (#8 most expensive city in metro)
8 / 13
Stacker

#6. Linville, VA

- 1-year price change: +$25,575 (+8.2%)
- 5-year price change: +$94,317 (+38.9%)
- Typical home value: $336,867 (#6 most expensive city in metro)
9 / 13
Stacker

#5. Bridgewater, VA

- 1-year price change: +$25,817 (+8.0%)
- 5-year price change: +$91,893 (+35.8%)
- Typical home value: $348,406 (#4 most expensive city in metro)
10 / 13
Stacker

#4. Dayton, VA

- 1-year price change: +$26,137 (+9.0%)
- 5-year price change: +$87,581 (+38.3%)
- Typical home value: $316,512 (#7 most expensive city in metro)

You may also like: Highest-paying jobs in Harrisonburg that don't require a college degree

11 / 13
Stacker

#3. Port Republic, VA

- 1-year price change: +$26,953 (+7.8%)
- 5-year price change: +$97,071 (+35.2%)
- Typical home value: $372,931 (#2 most expensive city in metro)
12 / 13
Stacker

#2. Mount Crawford, VA

- 1-year price change: +$27,244 (+8.1%)
- 5-year price change: +$95,533 (+35.4%)
- Typical home value: $365,620 (#3 most expensive city in metro)
13 / 13
Stacker

#1. Penn Laird, VA

- 1-year price change: +$35,647 (+8.6%)
- 5-year price change: +$128,505 (+39.8%)
- Typical home value: $451,642 (#1 most expensive city in metro)

Trending Now