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 $344,000 in December, 3.6% lower than the year before, but in line with seasonal trends.

High mortgage rates are also making monthly payments more expensive; as of Jan. 25, the 30-year fixed mortgage rate sits at 6.69%.

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: $183,830
– 1-year price change: +4.8%
– 5-year price change: +50.2%

Stacker

#8. Moulton, AL

– Typical home value: $198,380
– 1-year price change: +1.0%
– 5-year price change: +46.9%

Stacker

#7. Decatur, AL

– Typical home value: $204,980
– 1-year price change: +3.5%
– 5-year price change: +58.0%

Stacker

#6. Danville, AL

– Typical home value: $209,302
– 1-year price change: +1.1%
– 5-year price change: +41.5%

Stacker

#5. Eva, AL

– Typical home value: $214,499
– 1-year price change: +5.0%
– 5-year price change: +49.9%

Stacker

#4. Laceys Spring, AL

– Typical home value: $223,721
– 1-year price change: +2.7%
– 5-year price change: +38.7%

Stacker

#3. Trinity, AL

– Typical home value: $225,062
– 1-year price change: +1.2%
– 5-year price change: +47.3%

Stacker

#2. Hartselle, AL

– Typical home value: $228,535
– 1-year price change: +5.3%
– 5-year price change: +53.1%

Stacker

#1. Priceville, AL

– Typical home value: $299,969
– 1-year price change: +4.7%
– 5-year price change: +59.7%

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