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 $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.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: $264,235
- 1-year price change: +5.4%
- 5-year price change: +77.9%
#7. Yelm, WA
- Typical home value: $457,877
- 1-year price change: +3.2%
- 5-year price change: +60.8%
#6. Tenino, WA
- Typical home value: $476,419
- 1-year price change: +4.0%
- 5-year price change: +60.0%
#5. Rainier, WA
- Typical home value: $478,829
- 1-year price change: +4.9%
- 5-year price change: +64.7%
#4. Rochester, WA
- Typical home value: $483,521
- 1-year price change: +4.6%
- 5-year price change: +59.1%
#3. Lacey, WA
- Typical home value: $484,300
- 1-year price change: +3.1%
- 5-year price change: +58.3%
#2. Tumwater, WA
- Typical home value: $487,108
- 1-year price change: +2.4%
- 5-year price change: +54.9%
#1. Olympia, WA
- Typical home value: $519,805
- 1-year price change: +3.2%
- 5-year price change: +51.9%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
