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 $347,972 in October, 2.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of Nov. 16, the 30-year fixed mortgage rate sits at 7.44%.

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. All 4 cities and towns with data available were included in the list.

Stacker

#4. Smiths Station, AL

– Typical home value: $259,783
– 1-year price change: +5.3%
– 5-year price change: +41.2%

Stacker

#3. Opelika, AL

– Typical home value: $273,001
– 1-year price change: +5.1%
– 5-year price change: +44.9%

Stacker

#2. Salem, AL

– Typical home value: $296,701
– 1-year price change: +4.8%
– 5-year price change: +48.9%

Stacker

#1. Auburn, AL

– Typical home value: $354,089
– 1-year price change: +5.0%
– 5-year price change: +42.6%

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