Cities with the fastest growing home prices in Winchester metro area

Written by:
September 29, 2022
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Cities with the fastest growing home prices in Winchester metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not 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 Winchester, VA-WV metro area using data from Zillow. Cities are ranked by 1-year price change as of August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 23 cities and towns with data available were included in the list.

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Stacker

#23. Springfield, Virginia

- 1-year price change: +$16,860 (+12.5%)
- 5-year price change: +$31,490 (+26.1%)
- Typical home value: $152,228 (#21 most expensive city in metro)
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#22. Romney, Virginia

- 1-year price change: +$17,869 (+12.0%)
- 5-year price change: +$38,231 (+29.9%)
- Typical home value: $166,259 (#16 most expensive city in metro)
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Stacker

#21. Green Spring, Virginia

- 1-year price change: +$18,503 (+14.4%)
- 5-year price change: +$34,843 (+31.2%)
- Typical home value: $146,685 (#23 most expensive city in metro)
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#20. Levels, Virginia

- 1-year price change: +$20,797 (+15.9%)
- 5-year price change: +$33,007 (+27.7%)
- Typical home value: $151,981 (#22 most expensive city in metro)
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Stacker

#19. Wardensville, Virginia

- 1-year price change: +$21,018 (+14.7%)
- 5-year price change: +$42,613 (+35.1%)
- Typical home value: $164,044 (#19 most expensive city in metro)

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Stacker

#18. Old Fields, Virginia

- 1-year price change: +$21,362 (+15.0%)
- 5-year price change: +$41,775 (+34.1%)
- Typical home value: $164,141 (#18 most expensive city in metro)
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#17. Paw Paw, Virginia

- 1-year price change: +$22,601 (+16.1%)
- 5-year price change: +$40,983 (+33.6%)
- Typical home value: $163,040 (#20 most expensive city in metro)
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Stacker

#16. Slanesville, Virginia

- 1-year price change: +$24,832 (+13.6%)
- 5-year price change: +$47,115 (+29.4%)
- Typical home value: $207,567 (#13 most expensive city in metro)
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Stacker

#15. Augusta, Virginia

- 1-year price change: +$25,098 (+14.5%)
- 5-year price change: +$50,382 (+34.1%)
- Typical home value: $198,217 (#14 most expensive city in metro)
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#14. Rio, Virginia

- 1-year price change: +$25,322 (+17.9%)
- 5-year price change: +$52,822 (+46.5%)
- Typical home value: $166,495 (#15 most expensive city in metro)

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#13. Purgitsville, Virginia

- 1-year price change: +$25,337 (+18.2%)
- 5-year price change: +$49,461 (+43.1%)
- Typical home value: $164,343 (#17 most expensive city in metro)
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#12. High View, Virginia

- 1-year price change: +$27,408 (+14.6%)
- 5-year price change: +$49,681 (+30.1%)
- Typical home value: $214,688 (#12 most expensive city in metro)
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#11. Points, Virginia

- 1-year price change: +$28,540 (+15.0%)
- 5-year price change: +$60,683 (+38.3%)
- Typical home value: $219,324 (#11 most expensive city in metro)
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#10. Capon Bridge, Virginia

- 1-year price change: +$29,176 (+13.5%)
- 5-year price change: +$63,026 (+34.5%)
- Typical home value: $245,863 (#9 most expensive city in metro)
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#9. Bloomery, Virginia

- 1-year price change: +$31,393 (+16.1%)
- 5-year price change: +$50,923 (+29.0%)
- Typical home value: $226,261 (#10 most expensive city in metro)

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Stacker

#8. Gore, Virginia

- 1-year price change: +$33,625 (+9.9%)
- 5-year price change: +$124,543 (+49.7%)
- Typical home value: $374,973 (#5 most expensive city in metro)
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#7. Winchester, Virginia

- 1-year price change: +$37,723 (+12.3%)
- 5-year price change: +$112,543 (+48.4%)
- Typical home value: $345,122 (#8 most expensive city in metro)
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#6. Star Tannery, Virginia

- 1-year price change: +$37,798 (+12.2%)
- 5-year price change: +$115,993 (+50.2%)
- Typical home value: $346,928 (#7 most expensive city in metro)
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#5. Middletown, Virginia

- 1-year price change: +$40,508 (+11.4%)
- 5-year price change: +$131,962 (+50.0%)
- Typical home value: $395,913 (#3 most expensive city in metro)
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#4. Stephens City, Virginia

- 1-year price change: +$41,033 (+12.4%)
- 5-year price change: +$123,094 (+49.7%)
- Typical home value: $371,002 (#6 most expensive city in metro)

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#3. Clear Brook, Virginia

- 1-year price change: +$45,030 (+11.8%)
- 5-year price change: +$150,585 (+54.3%)
- Typical home value: $427,749 (#2 most expensive city in metro)
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#2. Cross Junction, Virginia

- 1-year price change: +$45,631 (+13.7%)
- 5-year price change: +$132,425 (+53.5%)
- Typical home value: $379,891 (#4 most expensive city in metro)
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Stacker

#1. Stephenson, Virginia

- 1-year price change: +$47,930 (+12.6%)
- 5-year price change: +$139,409 (+48.1%)
- Typical home value: $429,319 (#1 most expensive city in metro)

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