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Cities with the fastest growing home prices in Decatur 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 Decatur, 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 16 cities and towns with data available were included in the list.

Stacker

#16. North Courtland, AL

– 1-year price change: +$10,404 (+15.5%)
– 5-year price change: +$25,733 (+49.9%)
– Typical home value: $77,335 (#16 most expensive city in metro)

Stacker

#15. Hillsboro, AL

– 1-year price change: +$14,137 (+13.5%)
– 5-year price change: +$37,321 (+45.7%)
– Typical home value: $118,904 (#14 most expensive city in metro)

Stacker

#14. Courtland, AL

– 1-year price change: +$14,628 (+15.2%)
– 5-year price change: +$38,086 (+52.5%)
– Typical home value: $110,625 (#15 most expensive city in metro)

Stacker

#13. Mount Hope, AL

– 1-year price change: +$15,972 (+13.5%)
– 5-year price change: +$39,227 (+41.2%)
– Typical home value: $134,325 (#13 most expensive city in metro)

Stacker

#12. Valhermoso Springs, AL

– 1-year price change: +$16,703 (+12.0%)
– 5-year price change: +$42,821 (+37.9%)
– Typical home value: $155,831 (#10 most expensive city in metro)

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Stacker

#11. Town Creek, AL

– 1-year price change: +$17,878 (+14.3%)
– 5-year price change: +$44,907 (+45.7%)
– Typical home value: $143,187 (#12 most expensive city in metro)

Stacker

#10. Somerville, AL

– 1-year price change: +$20,503 (+16.4%)
– 5-year price change: +$49,408 (+51.3%)
– Typical home value: $145,810 (#11 most expensive city in metro)

Stacker

#9. Moulton, AL

– 1-year price change: +$21,695 (+15.3%)
– 5-year price change: +$51,856 (+46.4%)
– Typical home value: $163,688 (#9 most expensive city in metro)

Stacker

#8. Falkville, AL

– 1-year price change: +$27,199 (+19.2%)
– 5-year price change: +$57,256 (+51.4%)
– Typical home value: $168,714 (#8 most expensive city in metro)

Stacker

#7. Danville, AL

– 1-year price change: +$27,265 (+17.2%)
– 5-year price change: +$60,823 (+48.8%)
– Typical home value: $185,368 (#7 most expensive city in metro)

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#6. Trinity, AL

– 1-year price change: +$27,739 (+15.8%)
– 5-year price change: +$71,229 (+53.9%)
– Typical home value: $203,318 (#4 most expensive city in metro)

Stacker

#5. Decatur, AL

– 1-year price change: +$28,081 (+17.5%)
– 5-year price change: +$71,873 (+61.5%)
– Typical home value: $188,655 (#6 most expensive city in metro)

Stacker

#4. Laceys Spring, AL

– 1-year price change: +$29,371 (+15.8%)
– 5-year price change: +$72,789 (+51.1%)
– Typical home value: $215,234 (#2 most expensive city in metro)

Stacker

#3. Hartselle, AL

– 1-year price change: +$33,676 (+18.9%)
– 5-year price change: +$78,430 (+58.7%)
– Typical home value: $212,118 (#3 most expensive city in metro)

Stacker

#2. Eva, AL

– 1-year price change: +$35,175 (+21.3%)
– 5-year price change: +$69,615 (+53.4%)
– Typical home value: $199,978 (#5 most expensive city in metro)

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#1. Priceville, AL

– 1-year price change: +$52,274 (+21.1%)
– 5-year price change: +$116,397 (+63.6%)
– Typical home value: $299,496 (#1 most expensive city in metro)