Cities with the most expensive homes in the Olympia metro area
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 $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 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.
#8. Bucoda, WA
- Typical home value: $282,116
- 1-year price change: +4.7%
- 5-year price change: +66.4%
#7. Yelm, WA
- Typical home value: $468,529
- 1-year price change: +3.9%
- 5-year price change: +57.5%
#6. Lacey, WA
- Typical home value: $491,444
- 1-year price change: +3.1%
- 5-year price change: +55.2%
#5. Tenino, WA
- Typical home value: $491,752
- 1-year price change: +4.7%
- 5-year price change: +55.1%
#4. Rochester, WA
- Typical home value: $500,272
- 1-year price change: +5.0%
- 5-year price change: +56.9%
#3. Rainier, WA
- Typical home value: $500,440
- 1-year price change: +6.3%
- 5-year price change: +67.9%
#2. Tumwater, WA
- Typical home value: $503,333
- 1-year price change: +2.9%
- 5-year price change: +52.3%
#1. Olympia, WA
- Typical home value: $529,802
- 1-year price change: +3.0%
- 5-year price change: +50.2%