Cities with the fastest growing home prices in Montgomery metro area
Published 11:51 pm Wednesday, February 22, 2023
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Cities with the fastest growing home prices in Montgomery 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 Montgomery, 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 20 cities and towns with data available were included in the list.
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Stacker
#20. Fort Deposit, AL
– 1-year price change: +$1,443 (+1.3%)
– 5-year price change: +$33,088 (+40.0%)
– Typical home value: $115,711 (#20 most expensive city in metro)
Stacker
#19. Autaugaville, AL
– 1-year price change: +$1,509 (+1.0%)
– 5-year price change: +$45,552 (+45.4%)
– Typical home value: $145,935 (#15 most expensive city in metro)
Stacker
#18. Lapine, AL
– 1-year price change: +$4,969 (+4.1%)
– 5-year price change: +$35,375 (+39.4%)
– Typical home value: $125,223 (#18 most expensive city in metro)
Stacker
#17. Jones, AL
– 1-year price change: +$7,328 (+6.6%)
– 5-year price change: +$37,642 (+46.5%)
– Typical home value: $118,676 (#19 most expensive city in metro)
Stacker
#16. Ramer, AL
– 1-year price change: +$10,083 (+6.6%)
– 5-year price change: +$43,629 (+36.8%)
– Typical home value: $162,031 (#13 most expensive city in metro)
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Stacker
#15. Grady, AL
– 1-year price change: +$10,189 (+8.4%)
– 5-year price change: +$38,524 (+41.6%)
– Typical home value: $131,069 (#17 most expensive city in metro)
Stacker
#14. Tallassee, AL
– 1-year price change: +$10,330 (+7.2%)
– 5-year price change: +$52,695 (+51.9%)
– Typical home value: $154,175 (#14 most expensive city in metro)
Stacker
#13. Montgomery, AL
– 1-year price change: +$12,026 (+9.9%)
– 5-year price change: +$43,868 (+49.2%)
– Typical home value: $133,049 (#16 most expensive city in metro)
Stacker
#12. Marbury, AL
– 1-year price change: +$13,280 (+7.6%)
– 5-year price change: +$66,483 (+54.8%)
– Typical home value: $187,733 (#9 most expensive city in metro)
Stacker
#11. Coosada, AL
– 1-year price change: +$13,492 (+7.9%)
– 5-year price change: +$49,034 (+36.1%)
– Typical home value: $184,947 (#10 most expensive city in metro)
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Stacker
#10. Millbrook, AL
– 1-year price change: +$13,778 (+8.2%)
– 5-year price change: +$51,950 (+39.7%)
– Typical home value: $182,664 (#11 most expensive city in metro)
Stacker
#9. Billingsley, AL
– 1-year price change: +$14,095 (+8.6%)
– 5-year price change: +$57,265 (+47.4%)
– Typical home value: $177,988 (#12 most expensive city in metro)
Stacker
#8. Elmore, AL
– 1-year price change: +$15,334 (+8.1%)
– 5-year price change: +$62,718 (+43.8%)
– Typical home value: $205,806 (#8 most expensive city in metro)
Stacker
#7. Hope Hull, AL
– 1-year price change: +$15,746 (+7.6%)
– 5-year price change: +$65,229 (+41.4%)
– Typical home value: $222,956 (#6 most expensive city in metro)
Stacker
#6. Prattville, AL
– 1-year price change: +$16,716 (+8.3%)
– 5-year price change: +$59,307 (+37.2%)
– Typical home value: $218,902 (#7 most expensive city in metro)
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Stacker
#5. Titus, AL
– 1-year price change: +$17,278 (+6.9%)
– 5-year price change: +$92,511 (+52.7%)
– Typical home value: $268,133 (#3 most expensive city in metro)
Stacker
#4. Wetumpka, AL
– 1-year price change: +$17,866 (+8.0%)
– 5-year price change: +$74,040 (+44.4%)
– Typical home value: $240,741 (#5 most expensive city in metro)
Stacker
#3. Deatsville, AL
– 1-year price change: +$18,955 (+8.1%)
– 5-year price change: +$75,889 (+42.8%)
– Typical home value: $253,084 (#4 most expensive city in metro)
Stacker
#2. Pike Road, AL
– 1-year price change: +$22,385 (+6.2%)
– 5-year price change: +$95,408 (+33.2%)
– Typical home value: $383,104 (#1 most expensive city in metro)
Stacker
#1. Eclectic, AL
– 1-year price change: +$27,869 (+9.2%)
– 5-year price change: +$116,353 (+54.7%)
– Typical home value: $329,214 (#2 most expensive city in metro)
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