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 $347,415 in November, 2.2% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of Dec. 14, the 30-year fixed mortgage rate sits at 6.95%.

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.

Stacker

#9. Falkville, AL

– Typical home value: $187,671
– 1-year price change: +4.6%
– 5-year price change: +51.6%

Stacker

#8. Moulton, AL

– Typical home value: $203,069
– 1-year price change: +0.7%
– 5-year price change: +47.1%

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#7. Decatur, AL

– Typical home value: $206,702
– 1-year price change: +3.6%
– 5-year price change: +59.0%

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#6. Danville, AL

– Typical home value: $213,975
– 1-year price change: +0.8%
– 5-year price change: +42.4%

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#5. Eva, AL

– Typical home value: $217,485
– 1-year price change: +4.6%
– 5-year price change: +51.5%

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#4. Trinity, AL

– Typical home value: $227,958
– 1-year price change: +0.8%
– 5-year price change: +47.9%

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#3. Laceys Spring, AL

– Typical home value: $228,248
– 1-year price change: +1.8%
– 5-year price change: +39.5%

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#2. Hartselle, AL

– Typical home value: $231,171
– 1-year price change: +4.8%
– 5-year price change: +53.4%

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#1. Priceville, AL

– Typical home value: $302,263
– 1-year price change: +4.8%
– 5-year price change: +60.4%

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