Cities with the most expensive homes in the Decatur metro area

Published 3:51 pm Tuesday, October 22, 2024

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 $360,999 in September, 2.4% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of October 17, the 30-year fixed mortgage rate sits at 6.44%.

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 14 cities and towns with data available were included in the list.

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Stacker

#14. North Courtland, AL

– Typical home value: $97,467
– 1-year price change: +6.4%
– 5-year price change: data not available

Stacker

#13. Courtland, AL

– Typical home value: $157,885
– 1-year price change: +4.5%
– 5-year price change: data not available

Stacker

#12. Hillsboro, AL

– Typical home value: $168,234
– 1-year price change: +7.6%
– 5-year price change: data not available

Stacker

#11. Mount Hope, AL

– Typical home value: $195,916
– 1-year price change: +7.5%
– 5-year price change: data not available

Stacker

#10. Falkville, AL

– Typical home value: $197,703
– 1-year price change: +2.0%
– 5-year price change: +44.2%

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Stacker

#9. Town Creek, AL

– Typical home value: $200,421
– 1-year price change: +3.3%
– 5-year price change: data not available

Stacker

#8. Decatur, AL

– Typical home value: $214,620
– 1-year price change: +2.1%
– 5-year price change: +49.7%

Stacker

#7. Moulton, AL

– Typical home value: $216,327
– 1-year price change: +4.1%
– 5-year price change: +41.4%

Stacker

#6. Danville, AL

– Typical home value: $226,049
– 1-year price change: +2.5%
– 5-year price change: +33.8%

Stacker

#5. Eva, AL

– Typical home value: $228,824
– 1-year price change: +3.5%
– 5-year price change: +49.2%

You may also like: Most expensive homes for sale in Decatur, Alabama

Stacker

#4. Laceys Spring, AL

– Typical home value: $240,171
– 1-year price change: +5.9%
– 5-year price change: +35.9%

Stacker

#3. Hartselle, AL

– Typical home value: $240,351
– 1-year price change: +2.9%
– 5-year price change: +47.1%

Stacker

#2. Trinity, AL

– Typical home value: $243,793
– 1-year price change: +4.6%
– 5-year price change: +43.4%

Stacker

#1. Priceville, AL

– Typical home value: $308,893
– 1-year price change: +1.8%
– 5-year price change: +54.3%