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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 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 Decatur, AL metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 16 cities and towns with data available were included in the list.

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Stacker

#16. Valhermoso Springs, AL

– 1-year price change: +$1,994 (+1.3%)
– 5-year price change: +$45,085 (+40.7%)
– Typical home value: $155,791 (#12 most expensive city in metro)

Stacker

#15. Courtland, AL

– 1-year price change: +$11,903 (+11.2%)
– 5-year price change: +$39,377 (+50.2%)
– Typical home value: $117,866 (#15 most expensive city in metro)

Stacker

#14. North Courtland, AL

– 1-year price change: +$12,767 (+17.0%)
– 5-year price change: +$29,145 (+49.6%)
– Typical home value: $87,847 (#16 most expensive city in metro)

Stacker

#13. Hillsboro, AL

– 1-year price change: +$15,921 (+13.9%)
– 5-year price change: +$41,713 (+47.0%)
– Typical home value: $130,435 (#14 most expensive city in metro)

Stacker

#12. Mount Hope, AL

– 1-year price change: +$16,463 (+12.1%)
– 5-year price change: +$47,316 (+44.8%)
– Typical home value: $152,930 (#13 most expensive city in metro)

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#11. Somerville, AL

– 1-year price change: +$17,740 (+12.6%)
– 5-year price change: +$58,090 (+57.9%)
– Typical home value: $158,389 (#10 most expensive city in metro)

Stacker

#10. Town Creek, AL

– 1-year price change: +$19,068 (+13.7%)
– 5-year price change: +$51,165 (+47.7%)
– Typical home value: $158,373 (#11 most expensive city in metro)

Stacker

#9. Falkville, AL

– 1-year price change: +$20,984 (+13.4%)
– 5-year price change: +$63,518 (+55.8%)
– Typical home value: $177,343 (#9 most expensive city in metro)

Stacker

#8. Trinity, AL

– 1-year price change: +$24,062 (+12.4%)
– 5-year price change: +$77,067 (+54.4%)
– Typical home value: $218,858 (#4 most expensive city in metro)

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#7. Moulton, AL

– 1-year price change: +$24,808 (+15.4%)
– 5-year price change: +$62,419 (+50.7%)
– Typical home value: $185,529 (#8 most expensive city in metro)

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#6. Eva, AL

– 1-year price change: +$28,288 (+15.7%)
– 5-year price change: +$76,423 (+57.8%)
– Typical home value: $208,547 (#5 most expensive city in metro)

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#5. Decatur, AL

– 1-year price change: +$29,171 (+16.7%)
– 5-year price change: +$82,833 (+68.5%)
– Typical home value: $203,714 (#6 most expensive city in metro)

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#4. Danville, AL

– 1-year price change: +$30,053 (+17.6%)
– 5-year price change: +$74,098 (+58.4%)
– Typical home value: $200,996 (#7 most expensive city in metro)

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#3. Laceys Spring, AL

– 1-year price change: +$31,121 (+14.8%)
– 5-year price change: +$90,233 (+59.9%)
– Typical home value: $240,802 (#2 most expensive city in metro)

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#2. Hartselle, AL

– 1-year price change: +$32,937 (+17.2%)
– 5-year price change: +$90,062 (+66.9%)
– Typical home value: $224,709 (#3 most expensive city in metro)

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#1. Priceville, AL

– 1-year price change: +$44,607 (+16.5%)
– 5-year price change: +$128,730 (+69.4%)
– Typical home value: $314,229 (#1 most expensive city in metro)