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 $360,974 in June, 3.2% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of Aug. 22, the 30-year fixed mortgage rate sits at 6.46%.

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.

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Stacker

#4. Smiths Station, AL

– Typical home value: $268,866
– 1-year price change: +2.9%
– 5-year price change: +38.9%

Stacker

#3. Opelika, AL

– Typical home value: $283,101
– 1-year price change: +2.9%
– 5-year price change: +40.3%

Stacker

#2. Salem, AL

– Typical home value: $308,029
– 1-year price change: +4.4%
– 5-year price change: +46.4%

Stacker

#1. Auburn, AL

– Typical home value: $375,910
– 1-year price change: +5.0%
– 5-year price change: +40.8%

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