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Cities with the fastest growing home prices in Auburn 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 Auburn-Opelika, AL metro area using data from Zillow. Cities are ranked by 1-year price change as of July 2022. The typical home value in the United States increased over the last year by +19.8% to $354,165. All 6 cities and towns with data available were included in the list.

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Stacker

#6. Smiths Station, AL

– 1-year price change: +$31,412 (+15.6%)
– 5-year price change: +$73,225 (+46.0%)
– Typical home value: $232,407 (#5 most expensive city in metro)

Stacker

#5. Opelika, AL

– 1-year price change: +$38,193 (+18.3%)
– 5-year price change: +$84,495 (+51.9%)
– Typical home value: $247,196 (#3 most expensive city in metro)

Stacker

#4. Salem, AL

– 1-year price change: +$40,664 (+17.9%)
– 5-year price change: +$99,654 (+59.2%)
– Typical home value: $267,993 (#2 most expensive city in metro)

Stacker

#3. Cusseta, AL

– 1-year price change: +$42,594 (+29.4%)
– 5-year price change: +$76,567 (+69.1%)
– Typical home value: $187,316 (#6 most expensive city in metro)

Stacker

#2. Waverly, AL

– 1-year price change: +$48,724 (+26.5%)
– 5-year price change: +$104,912 (+82.3%)
– Typical home value: $232,421 (#4 most expensive city in metro)

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Stacker

#1. Auburn, AL

– 1-year price change: +$53,246 (+18.7%)
– 5-year price change: +$114,918 (+51.4%)
– Typical home value: $338,599 (#1 most expensive city in metro)