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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 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 Auburn-Opelika, AL metro area using data from Zillow. Cities are ranked by 1-year price change as of January 2023. The typical home value in the United States increased over the last year by +6.2% to $329,542. All 4 cities and towns with data available were included in the list.

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Stacker

#4. Salem, AL

– 1-year price change: +$11,548 (+4.6%)
– 5-year price change: +$86,455 (+49.0%)
– Typical home value: $262,840 (#2 most expensive city in metro)

Stacker

#3. Smiths Station, AL

– 1-year price change: +$12,158 (+5.5%)
– 5-year price change: +$59,848 (+34.9%)
– Typical home value: $231,263 (#4 most expensive city in metro)

Stacker

#2. Opelika, AL

– 1-year price change: +$17,248 (+7.6%)
– 5-year price change: +$78,128 (+47.3%)
– Typical home value: $243,190 (#3 most expensive city in metro)

Stacker

#1. Auburn, AL

– 1-year price change: +$19,067 (+6.1%)
– 5-year price change: +$103,888 (+45.8%)
– Typical home value: $330,824 (#1 most expensive city in metro)