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 $360,999 in September, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 17, the 30-year fixed mortgage rate sits at 6.44%.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: $283,768
- 1-year price change: +4.9%
- 5-year price change: +69.7%
#7. Yelm, WA
- Typical home value: $470,234
- 1-year price change: +3.9%
- 5-year price change: +59.0%
#6. Lacey, WA
- Typical home value: $493,360
- 1-year price change: +3.3%
- 5-year price change: +56.2%
#5. Tenino, WA
- Typical home value: $495,516
- 1-year price change: +4.8%
- 5-year price change: +56.4%
#4. Rainier, WA
- Typical home value: $501,421
- 1-year price change: +6.4%
- 5-year price change: +69.0%
#3. Rochester, WA
- Typical home value: $504,319
- 1-year price change: +5.1%
- 5-year price change: +58.2%
#2. Tumwater, WA
- Typical home value: $504,804
- 1-year price change: +2.8%
- 5-year price change: +53.0%
#1. Olympia, WA
- Typical home value: $531,930
- 1-year price change: +3.0%
- 5-year price change: +50.8%