Cities with the most expensive homes in the Tuscaloosa metro area
Published 3:50 pm Thursday, October 26, 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 $350,091 in September, 2.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of Oct. 19, the 30-year fixed mortgage rate sits at 7.63%. 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 using data from Zillow. Charts show the monthly typical home value since January 2018.
Stacker
#20. Aliceville, AL
– Typical home value: $82,094
– 1-year price change: +8.2%
– 5-year price change: +18.5%
Stacker
#19. Eutaw, AL
– Typical home value: $110,769
– 1-year price change: -2.6%
– 5-year price change: +24.9%
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#18. Reform, AL
– Typical home value: $119,348
– 1-year price change: +1.8%
– 5-year price change: +29.0%
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#17. Kennedy, AL
– Typical home value: $124,664
– 1-year price change: -4.0%
– 5-year price change: +39.0%
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#16. Millport, AL
– Typical home value: $132,112
– 1-year price change: -9.0%
– 5-year price change: +35.5%
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#15. Greensboro, AL
– Typical home value: $132,229
– 1-year price change: +0.1%
– 5-year price change: +29.6%
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#14. Duncanville, AL
– Typical home value: $159,604
– 1-year price change: +1.3%
– 5-year price change: +36.3%
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#13. Gordo, AL
– Typical home value: $162,028
– 1-year price change: +0.1%
– 5-year price change: +38.7%
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#12. Berry, AL
– Typical home value: $166,722
– 1-year price change: -1.3%
– 5-year price change: +51.5%
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#11. Cottondale, AL
– Typical home value: $180,393
– 1-year price change: +0.5%
– 5-year price change: +39.9%
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#10. Brookwood, AL
– Typical home value: $191,782
– 1-year price change: +3.4%
– 5-year price change: +51.2%
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#9. Buhl, AL
– Typical home value: $196,718
– 1-year price change: +2.5%
– 5-year price change: +39.8%
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#8. Vance, AL
– Typical home value: $204,328
– 1-year price change: +4.6%
– 5-year price change: +52.7%
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#7. Fosters, AL
– Typical home value: $207,079
– 1-year price change: +1.6%
– 5-year price change: +42.7%
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#6. Tuscaloosa, AL
– Typical home value: $209,857
– 1-year price change: +4.2%
– 5-year price change: +40.4%
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#5. Coker, AL
– Typical home value: $212,747
– 1-year price change: +2.8%
– 5-year price change: +46.1%
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#4. Moundville, AL
– Typical home value: $219,460
– 1-year price change: +2.9%
– 5-year price change: +47.1%
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#3. Ralph, AL
– Typical home value: $235,451
– 1-year price change: +1.4%
– 5-year price change: +46.3%
Stacker
#2. Northport, AL
– Typical home value: $260,914
– 1-year price change: +2.0%
– 5-year price change: +42.4%
Stacker
#1. Lake View, AL
– Typical home value: $270,648
– 1-year price change: +0.6%
– 5-year price change: +41.1%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.