Cities with the most expensive homes in the Auburn metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights affordability plays a huge role for buyers.

The typical home value in the United States was a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Auburn metro area using data from Zillow. Charts show the monthly typical home value since January 2018.

Stacker

#4. Smiths Station, AL

– Typical home value: $259,679
– 1-year price change: +5.8%
– 5-year price change: +41.9%

Stacker

#3. Opelika, AL

– Typical home value: $271,868
– 1-year price change: +5.4%
– 5-year price change: +45.5%

Stacker

#2. Salem, AL

– Typical home value: $291,765
– 1-year price change: +4.4%
– 5-year price change: +49.0%

Stacker

#1. Auburn, AL

– Typical home value: $353,438
– 1-year price change: +4.8%
– 5-year price change: +43.0%

This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.