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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 August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 14 cities and towns with data available were included in the list.

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Stacker

#14. Russellville, Alabama

– 1-year price change: +$14,153 (+13.8%)
– 5-year price change: +$34,387 (+41.9%)
– Typical home value: $116,456 (#11 most expensive city in metro)

Stacker

#13. Sheffield, Alabama

– 1-year price change: +$14,418 (+18.8%)
– 5-year price change: +$29,145 (+47.2%)
– Typical home value: $90,927 (#14 most expensive city in metro)

Stacker

#12. Cherokee, Alabama

– 1-year price change: +$15,861 (+18.0%)
– 5-year price change: +$26,891 (+35.0%)
– Typical home value: $103,820 (#13 most expensive city in metro)

Stacker

#11. Leighton, Alabama

– 1-year price change: +$16,659 (+16.4%)
– 5-year price change: +$26,891 (data not available)
– Typical home value: $117,955 (#10 most expensive city in metro)

Stacker

#10. Littleville, Alabama

– 1-year price change: +$17,050 (+18.5%)
– 5-year price change: +$26,891 (data not available)
– Typical home value: $109,180 (#12 most expensive city in metro)

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Stacker

#9. Tuscumbia, Alabama

– 1-year price change: +$23,117 (+17.7%)
– 5-year price change: +$49,112 (+46.9%)
– Typical home value: $153,735 (#8 most expensive city in metro)

Stacker

#8. Waterloo, Alabama

– 1-year price change: +$25,007 (+20.5%)
– 5-year price change: +$57,667 (+64.3%)
– Typical home value: $147,290 (#9 most expensive city in metro)

Stacker

#7. Florence, Alabama

– 1-year price change: +$28,868 (+19.9%)
– 5-year price change: +$66,435 (+61.9%)
– Typical home value: $173,822 (#7 most expensive city in metro)

Stacker

#6. Lexington, Alabama

– 1-year price change: +$29,457 (+20.0%)
– 5-year price change: +$67,532 (+61.7%)
– Typical home value: $177,010 (#6 most expensive city in metro)

Stacker

#5. Rogersville, Alabama

– 1-year price change: +$33,300 (+21.0%)
– 5-year price change: +$71,252 (+59.1%)
– Typical home value: $191,797 (#5 most expensive city in metro)

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Stacker

#4. Muscle Shoals, Alabama

– 1-year price change: +$33,986 (+18.5%)
– 5-year price change: +$70,568 (+48.0%)
– Typical home value: $217,576 (#3 most expensive city in metro)

Stacker

#3. Killen, Alabama

– 1-year price change: +$39,096 (+20.2%)
– 5-year price change: +$87,381 (+60.0%)
– Typical home value: $233,022 (#2 most expensive city in metro)

Stacker

#2. Anderson, Alabama

– 1-year price change: +$40,412 (+25.0%)
– 5-year price change: +$80,041 (+65.6%)
– Typical home value: $202,096 (#4 most expensive city in metro)

Stacker

#1. Saint Florian, Alabama

– 1-year price change: +$56,354 (+20.2%)
– 5-year price change: +$126,957 (+60.8%)
– Typical home value: $335,847 (#1 most expensive city in metro)