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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 August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 16 cities and towns with data available were included in the list.

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Stacker

#16. North Courtland, Alabama

– 1-year price change: +$11,561 (+17.1%)
– 5-year price change: +$26,594 (+50.5%)
– Typical home value: $79,288 (#16 most expensive city in metro)

Stacker

#15. Hillsboro, Alabama

– 1-year price change: +$14,153 (+13.5%)
– 5-year price change: +$37,795 (+46.6%)
– Typical home value: $118,937 (#14 most expensive city in metro)

Stacker

#14. Courtland, Alabama

– 1-year price change: +$14,204 (+14.7%)
– 5-year price change: +$37,970 (+52.0%)
– Typical home value: $111,022 (#15 most expensive city in metro)

Stacker

#13. Mount Hope, Alabama

– 1-year price change: +$16,142 (+13.5%)
– 5-year price change: +$40,342 (+42.4%)
– Typical home value: $135,457 (#13 most expensive city in metro)

Stacker

#12. Town Creek, Alabama

– 1-year price change: +$18,313 (+14.5%)
– 5-year price change: +$45,721 (+46.1%)
– Typical home value: $144,809 (#12 most expensive city in metro)

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#11. Valhermoso Springs, Alabama

– 1-year price change: +$18,726 (+13.4%)
– 5-year price change: +$46,168 (+41.0%)
– Typical home value: $158,856 (#10 most expensive city in metro)

Stacker

#10. Moulton, Alabama

– 1-year price change: +$22,176 (+15.4%)
– 5-year price change: +$53,019 (+47.0%)
– Typical home value: $165,895 (#9 most expensive city in metro)

Stacker

#9. Somerville, Alabama

– 1-year price change: +$22,440 (+17.8%)
– 5-year price change: +$52,554 (+55.0%)
– Typical home value: $148,155 (#11 most expensive city in metro)

Stacker

#8. Trinity, Alabama

– 1-year price change: +$28,144 (+15.7%)
– 5-year price change: +$73,301 (+54.7%)
– Typical home value: $207,209 (#4 most expensive city in metro)

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#7. Falkville, Alabama

– 1-year price change: +$28,395 (+20.0%)
– 5-year price change: +$60,210 (+54.5%)
– Typical home value: $170,697 (#8 most expensive city in metro)

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#6. Decatur, Alabama

– 1-year price change: +$29,425 (+18.0%)
– 5-year price change: +$74,564 (+62.9%)
– Typical home value: $193,068 (#6 most expensive city in metro)

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#5. Danville, Alabama

– 1-year price change: +$30,689 (+19.2%)
– 5-year price change: +$65,108 (+52.1%)
– Typical home value: $190,187 (#7 most expensive city in metro)

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#4. Laceys Spring, Alabama

– 1-year price change: +$32,150 (+16.9%)
– 5-year price change: +$77,052 (+52.9%)
– Typical home value: $222,794 (#2 most expensive city in metro)

Stacker

#3. Eva, Alabama

– 1-year price change: +$35,271 (+21.0%)
– 5-year price change: +$72,243 (+55.0%)
– Typical home value: $203,582 (#5 most expensive city in metro)

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#2. Hartselle, Alabama

– 1-year price change: +$36,914 (+20.2%)
– 5-year price change: +$83,423 (+61.4%)
– Typical home value: $219,266 (#3 most expensive city in metro)

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#1. Priceville, Alabama

– 1-year price change: +$52,265 (+20.5%)
– 5-year price change: +$121,727 (+65.8%)
– Typical home value: $306,604 (#1 most expensive city in metro)