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Cities with the fastest growing home prices in Gadsden metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no 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 Gadsden, AL metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 12 cities and towns with data available were included in the list.

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Stacker

#12. Southside, Southside

– 1-year price change: +$9,710 (+4.4%)
– 5-year price change: +$65,807 (+39.5%)
– Typical home value: $232,443 (#1 most expensive city in metro)

Stacker

#11. Gadsden, Gadsden

– 1-year price change: +$10,547 (+16.9%)
– 5-year price change: +$22,463 (+44.4%)
– Typical home value: $73,036 (#12 most expensive city in metro)

Stacker

#10. Boaz, Boaz

– 1-year price change: +$15,612 (+10.5%)
– 5-year price change: +$64,494 (+64.8%)
– Typical home value: $164,025 (#8 most expensive city in metro)

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#9. Attalla, Attalla

– 1-year price change: +$16,386 (+18.6%)
– 5-year price change: +$50,521 (+93.9%)
– Typical home value: $104,324 (#11 most expensive city in metro)

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#8. Reece City, Reece City

– 1-year price change: +$20,691 (+18.1%)
– 5-year price change: +$49,207 (+57.3%)
– Typical home value: $135,080 (#10 most expensive city in metro)

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#7. Hokes Bluff, Hokes Bluff

– 1-year price change: +$23,389 (+15.2%)
– 5-year price change: +$63,870 (+56.1%)
– Typical home value: $177,652 (#6 most expensive city in metro)

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#6. Glencoe, Glencoe

– 1-year price change: +$24,857 (+16.1%)
– 5-year price change: +$61,017 (+51.5%)
– Typical home value: $179,410 (#5 most expensive city in metro)

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#5. Mountainboro, Mountainboro

– 1-year price change: +$25,255 (+21.7%)
– 5-year price change: +$66,080 (+87.2%)
– Typical home value: $141,867 (#9 most expensive city in metro)

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#4. Sardis City, Sardis City

– 1-year price change: +$28,002 (+17.2%)
– 5-year price change: +$71,509 (+59.8%)
– Typical home value: $191,109 (#3 most expensive city in metro)

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#3. Altoona, Altoona

– 1-year price change: +$30,079 (+21.1%)
– 5-year price change: +$89,300 (+106.8%)
– Typical home value: $172,889 (#7 most expensive city in metro)

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#2. Rainbow City, Rainbow City

– 1-year price change: +$30,838 (+16.1%)
– 5-year price change: +$81,645 (+58.3%)
– Typical home value: $221,791 (#2 most expensive city in metro)

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#1. Gallant, Gallant

– 1-year price change: +$32,421 (+20.9%)
– 5-year price change: +$90,575 (+93.4%)
– Typical home value: $187,499 (#4 most expensive city in metro)