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Cities with the fastest growing home prices in Florence 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 Florence-Muscle Shoals, 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 13 cities and towns with data available were included in the list.

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Stacker

#13. Sheffield, AL

– 1-year price change: +$13,016 (+17.0%)
– 5-year price change: +$27,660 (+44.6%)
– Typical home value: $89,731 (#13 most expensive city in metro)

Stacker

#12. Cherokee, AL

– 1-year price change: +$14,904 (+16.9%)
– 5-year price change: +$25,612 (+33.1%)
– Typical home value: $102,954 (#12 most expensive city in metro)

Stacker

#11. Littleville, AL

– 1-year price change: +$15,820 (+17.4%)
– 5-year price change: +$25,612 (data not available)
– Typical home value: $106,797 (#11 most expensive city in metro)

Stacker

#10. Leighton, AL

– 1-year price change: +$16,136 (+16.0%)
– 5-year price change: +$25,612 (data not available)
– Typical home value: $116,686 (#10 most expensive city in metro)

Stacker

#9. Tuscumbia, AL

– 1-year price change: +$21,251 (+16.4%)
– 5-year price change: +$46,312 (+44.4%)
– Typical home value: $150,647 (#8 most expensive city in metro)

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Stacker

#8. Waterloo, AL

– 1-year price change: +$27,794 (+23.0%)
– 5-year price change: +$57,633 (+63.2%)
– Typical home value: $148,753 (#9 most expensive city in metro)

Stacker

#7. Florence, AL

– 1-year price change: +$29,858 (+20.9%)
– 5-year price change: +$65,328 (+60.9%)
– Typical home value: $172,685 (#7 most expensive city in metro)

Stacker

#6. Lexington, AL

– 1-year price change: +$30,346 (+21.0%)
– 5-year price change: +$66,438 (+61.3%)
– Typical home value: $174,865 (#6 most expensive city in metro)

Stacker

#5. Muscle Shoals, AL

– 1-year price change: +$31,067 (+17.1%)
– 5-year price change: +$66,361 (+45.3%)
– Typical home value: $212,972 (#3 most expensive city in metro)

Stacker

#4. Rogersville, AL

– 1-year price change: +$33,986 (+22.0%)
– 5-year price change: +$69,796 (+58.9%)
– Typical home value: $188,296 (#5 most expensive city in metro)

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Stacker

#3. Anderson, AL

– 1-year price change: +$39,038 (+25.0%)
– 5-year price change: +$76,460 (+64.4%)
– Typical home value: $195,148 (#4 most expensive city in metro)

Stacker

#2. Killen, AL

– 1-year price change: +$40,561 (+21.3%)
– 5-year price change: +$86,556 (+59.9%)
– Typical home value: $231,116 (#2 most expensive city in metro)

Stacker

#1. Saint Florian, AL

– 1-year price change: +$56,593 (+20.9%)
– 5-year price change: +$122,266 (+59.6%)
– Typical home value: $327,365 (#1 most expensive city in metro)