Cities with the most expensive homes in the Tuscaloosa metro area
Published 3:23 pm Thursday, September 28, 2023
Cities with the most expensive homes in the Tuscaloosa 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 Tuscaloosa metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
Stacker
#20. Aliceville, AL
– Typical home value: $79,669
– 1-year price change: +8.9%
– 5-year price change: +22.2%
Stacker
#19. Eutaw, AL
– Typical home value: $108,545
– 1-year price change: -3.2%
– 5-year price change: +24.4%
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#18. Reform, AL
– Typical home value: $118,903
– 1-year price change: +3.4%
– 5-year price change: +32.6%
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#17. Kennedy, AL
– Typical home value: $125,711
– 1-year price change: -4.8%
– 5-year price change: +39.2%
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#16. Greensboro, AL
– Typical home value: $130,392
– 1-year price change: -0.8%
– 5-year price change: +31.0%
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#15. Millport, AL
– Typical home value: $132,747
– 1-year price change: -9.1%
– 5-year price change: +36.6%
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#14. Gordo, AL
– Typical home value: $162,714
– 1-year price change: +0.2%
– 5-year price change: +40.5%
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#13. Duncanville, AL
– Typical home value: $162,990
– 1-year price change: +1.5%
– 5-year price change: +36.8%
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#12. Berry, AL
– Typical home value: $166,816
– 1-year price change: -2.1%
– 5-year price change: +51.9%
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#11. Cottondale, AL
– Typical home value: $180,623
– 1-year price change: +1.2%
– 5-year price change: +41.2%
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#10. Brookwood, AL
– Typical home value: $193,236
– 1-year price change: +3.8%
– 5-year price change: +53.0%
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#9. Buhl, AL
– Typical home value: $193,656
– 1-year price change: +2.3%
– 5-year price change: +41.1%
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#8. Vance, AL
– Typical home value: $202,729
– 1-year price change: +5.0%
– 5-year price change: +54.0%
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#7. Tuscaloosa, AL
– Typical home value: $208,358
– 1-year price change: +4.4%
– 5-year price change: +40.8%
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#6. Fosters, AL
– Typical home value: $209,423
– 1-year price change: +1.6%
– 5-year price change: +43.6%
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#5. Coker, AL
– Typical home value: $212,745
– 1-year price change: +2.8%
– 5-year price change: +47.6%
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#4. Moundville, AL
– Typical home value: $218,491
– 1-year price change: +2.6%
– 5-year price change: +47.5%
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#3. Ralph, AL
– Typical home value: $236,492
– 1-year price change: +1.4%
– 5-year price change: +47.1%
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#2. Northport, AL
– Typical home value: $260,848
– 1-year price change: +1.9%
– 5-year price change: +43.0%
Stacker
#1. Lake View, AL
– Typical home value: $271,182
– 1-year price change: +0.7%
– 5-year price change: +42.0%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.