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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 August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 4 cities and towns with data available were included in the list.

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Stacker

#4. Smiths Station, Alabama

– 1-year price change: +$33,130 (+16.3%)
– 5-year price change: +$76,873 (+48.3%)
– Typical home value: $235,939 (#4 most expensive city in metro)

Stacker

#3. Opelika, Alabama

– 1-year price change: +$39,115 (+18.6%)
– 5-year price change: +$86,410 (+53.0%)
– Typical home value: $249,322 (#3 most expensive city in metro)

Stacker

#2. Salem, Alabama

– 1-year price change: +$41,556 (+18.0%)
– 5-year price change: +$103,710 (+61.6%)
– Typical home value: $272,059 (#2 most expensive city in metro)

Stacker

#1. Auburn, Alabama

– 1-year price change: +$54,500 (+19.0%)
– 5-year price change: +$118,058 (+52.9%)
– Typical home value: $341,245 (#1 most expensive city in metro)