Cities with the most expensive homes in the Decatur 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 Decatur metro area using data from Zillow. Charts show the monthly typical home value since January 2018.

Stacker

#9. Falkville, AL

– Typical home value: $194,057
– 1-year price change: +1.0%
– 5-year price change: +52.6%

Stacker

#8. Moulton, AL

– Typical home value: $208,074
– 1-year price change: +0.0%
– 5-year price change: +47.5%

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#7. Decatur, AL

– Typical home value: $208,956
– 1-year price change: +3.0%
– 5-year price change: +60.4%

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#6. Danville, AL

– Typical home value: $220,928
– 1-year price change: -0.7%
– 5-year price change: +45.1%

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#5. Eva, AL

– Typical home value: $224,824
– 1-year price change: +1.0%
– 5-year price change: +52.1%

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#4. Laceys Spring, AL

– Typical home value: $231,130
– 1-year price change: -2.8%
– 5-year price change: +41.1%

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#3. Trinity, AL

– Typical home value: $231,781
– 1-year price change: -0.4%
– 5-year price change: +49.9%

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#2. Hartselle, AL

– Typical home value: $233,251
– 1-year price change: +2.0%
– 5-year price change: +53.3%

Stacker

#1. Priceville, AL

– Typical home value: $307,243
– 1-year price change: +3.8%
– 5-year price change: +60.6%

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