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 $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 Decatur metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 9 cities and towns with data available were included in the list.

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#9. Falkville, AL

– Typical home value: $196,144
– 1-year price change: +2.2%
– 5-year price change: +52.4%

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#8. Moulton, AL

– Typical home value: $207,431
– 1-year price change: +0.0%
– 5-year price change: +47.1%

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#7. Decatur, AL

– Typical home value: $209,463
– 1-year price change: +3.3%
– 5-year price change: +60.0%

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#6. Danville, AL

– Typical home value: $220,104
– 1-year price change: -0.4%
– 5-year price change: +43.9%

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#5. Eva, AL

– Typical home value: $222,289
– 1-year price change: +2.2%
– 5-year price change: +52.3%

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#4. Laceys Spring, AL

– Typical home value: $232,064
– 1-year price change: -1.3%
– 5-year price change: +40.7%

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#3. Trinity, AL

– Typical home value: $232,531
– 1-year price change: -0.1%
– 5-year price change: +49.2%

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#2. Hartselle, AL

– Typical home value: $233,852
– 1-year price change: +2.7%
– 5-year price change: +53.1%

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#1. Priceville, AL

– Typical home value: $307,589
– 1-year price change: +4.1%
– 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.