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

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#15. New Hope, AL

– Typical home value: $201,202
– 1-year price change: -1.5%
– 5-year price change: +70.0%

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#14. Ardmore, AL

– Typical home value: $239,425
– 1-year price change: +0.9%
– 5-year price change: +75.1%

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#13. Lester, AL

– Typical home value: $243,216
– 1-year price change: +2.5%
– 5-year price change: data not available

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#12. Hazel Green, AL

– Typical home value: $248,268
– 1-year price change: +2.7%
– 5-year price change: +72.2%

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#11. Elkmont, AL

– Typical home value: $250,253
– 1-year price change: +1.9%
– 5-year price change: +71.0%

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#10. Triana, AL

– Typical home value: $250,344
– 1-year price change: -0.7%
– 5-year price change: +74.7%

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#9. New Market, AL

– Typical home value: $280,604
– 1-year price change: -0.7%
– 5-year price change: +71.5%

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#8. Huntsville, AL

– Typical home value: $281,224
– 1-year price change: +0.2%
– 5-year price change: +69.4%

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#7. Moores Mill, AL

– Typical home value: $288,131
– 1-year price change: -0.1%
– 5-year price change: +70.7%

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#6. Athens, AL

– Typical home value: $292,807
– 1-year price change: +0.1%
– 5-year price change: +65.2%

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#5. Gurley, AL

– Typical home value: $297,316
– 1-year price change: -0.6%
– 5-year price change: +64.2%

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#4. Harvest, AL

– Typical home value: $309,683
– 1-year price change: -1.1%
– 5-year price change: +67.6%

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#3. Meridianville, AL

– Typical home value: $329,679
– 1-year price change: -1.4%
– 5-year price change: +66.3%

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#2. Madison, AL

– Typical home value: $375,959
– 1-year price change: -1.0%
– 5-year price change: +61.2%

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#1. Owens Cross Roads, AL

– Typical home value: $426,420
– 1-year price change: -0.3%
– 5-year price change: +60.0%

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