Cities with the most expensive homes in the Auburn metro area
Published 3:28 pm Thursday, May 30, 2024
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 $359,402 in April, 4.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 23, the 30-year fixed mortgage rate sits at 6.94%.
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: $268,106
– 1-year price change: +5.0%
– 5-year price change: +38.5%
Stacker
#3. Opelika, AL
– Typical home value: $281,269
– 1-year price change: +4.3%
– 5-year price change: +40.4%
Stacker
#2. Salem, AL
– Typical home value: $300,585
– 1-year price change: +5.2%
– 5-year price change: +47.5%
Stacker
#1. Auburn, AL
– Typical home value: $368,817
– 1-year price change: +6.0%
– 5-year price change: +41.0%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.