Cities with the fastest growing home prices in Daphne metro area
Published 11:50 pm Wednesday, February 22, 2023
Konstantin L // Shutterstock
Cities with the fastest growing home prices in Daphne 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 Daphne-Fairhope-Foley, 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 18 cities and towns with data available were included in the list.
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Stacker
#18. Perdido, AL
– 1-year price change: +$13,016 (+7.6%)
– 5-year price change: +$49,823 (+37.0%)
– Typical home value: $184,459 (#18 most expensive city in metro)
Stacker
#17. Bay Minette, AL
– 1-year price change: +$13,427 (+7.2%)
– 5-year price change: +$70,126 (+54.1%)
– Typical home value: $199,647 (#17 most expensive city in metro)
Stacker
#16. Stapleton, AL
– 1-year price change: +$14,453 (+5.2%)
– 5-year price change: +$103,932 (+54.4%)
– Typical home value: $294,852 (#7 most expensive city in metro)
Stacker
#15. Silverhill, AL
– 1-year price change: +$18,041 (+7.2%)
– 5-year price change: +$101,794 (+60.5%)
– Typical home value: $269,993 (#12 most expensive city in metro)
Stacker
#14. Robertsdale, AL
– 1-year price change: +$18,540 (+8.1%)
– 5-year price change: +$90,564 (+57.7%)
– Typical home value: $247,624 (#14 most expensive city in metro)
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Stacker
#13. Seminole, AL
– 1-year price change: +$21,916 (+8.2%)
– 5-year price change: +$103,983 (+55.7%)
– Typical home value: $290,539 (#9 most expensive city in metro)
Stacker
#12. Summerdale, AL
– 1-year price change: +$22,786 (+9.6%)
– 5-year price change: +$98,131 (+60.5%)
– Typical home value: $260,441 (#13 most expensive city in metro)
Stacker
#11. Daphne, AL
– 1-year price change: +$23,539 (+8.4%)
– 5-year price change: +$103,563 (+51.6%)
– Typical home value: $304,191 (#6 most expensive city in metro)
Stacker
#10. Loxley, AL
– 1-year price change: +$24,576 (+10.0%)
– 5-year price change: +$100,827 (+59.1%)
– Typical home value: $271,435 (#11 most expensive city in metro)
Stacker
#9. Lillian, AL
– 1-year price change: +$24,618 (+9.1%)
– 5-year price change: +$123,478 (+72.1%)
– Typical home value: $294,724 (#8 most expensive city in metro)
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Stacker
#8. Elberta, AL
– 1-year price change: +$24,837 (+8.5%)
– 5-year price change: +$136,060 (+74.5%)
– Typical home value: $318,712 (#5 most expensive city in metro)
Stacker
#7. Gulf Shores, AL
– 1-year price change: +$25,432 (+6.2%)
– 5-year price change: +$195,619 (+82.6%)
– Typical home value: $432,570 (#2 most expensive city in metro)
Stacker
#6. Foley, AL
– 1-year price change: +$25,887 (+10.0%)
– 5-year price change: +$111,058 (+64.3%)
– Typical home value: $283,652 (#10 most expensive city in metro)
Stacker
#5. Spanish Fort, AL
– 1-year price change: +$29,370 (+8.7%)
– 5-year price change: +$126,304 (+52.5%)
– Typical home value: $366,821 (#4 most expensive city in metro)
Stacker
#4. Fairhope, AL
– 1-year price change: +$29,419 (+7.3%)
– 5-year price change: +$173,441 (+67.2%)
– Typical home value: $431,627 (#3 most expensive city in metro)
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Stacker
#3. Stockton, AL
– 1-year price change: +$29,914 (+15.1%)
– 5-year price change: +$78,522 (+52.4%)
– Typical home value: $228,396 (#16 most expensive city in metro)
Stacker
#2. Bon Secour, AL
– 1-year price change: +$30,657 (+15.4%)
– 5-year price change: +$78,522 (data not available)
– Typical home value: $230,007 (#15 most expensive city in metro)
Stacker
#1. Orange Beach, AL
– 1-year price change: +$49,895 (+8.7%)
– 5-year price change: +$291,492 (+88.0%)
– Typical home value: $622,662 (#1 most expensive city in metro)