Cities with the most expensive homes in the Huntsville metro area
Cities with the most expensive homes in the Huntsville 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, plays a huge role for buyers.
The typical home value in the United States was $359,078 in December, 0.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of January 15, the sits at 6.06%.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.
compiled a list of cities with the most expensive homes in the Huntsville metro area using data from . Charts show the monthly typical home value since January 2018. All 13 cities and towns with data available were included in the list.
#13. New Hope, AL
- Typical home value: $221,115
- 1-year price change: -0.4%
- 5-year price change: +15.5%
#12. Lester, AL
- Typical home value: $240,994
- 1-year price change: -4.4%
- 5-year price change: +22.2%
#11. Ardmore, AL
- Typical home value: $247,004
- 1-year price change: -0.3%
- 5-year price change: +35.7%
#10. Hazel Green, AL
- Typical home value: $252,934
- 1-year price change: -0.2%
- 5-year price change: +33.1%
#9. Elkmont, AL
- Typical home value: $254,235
- 1-year price change: -0.3%
- 5-year price change: +37.2%
#8. Huntsville, AL
- Typical home value: $279,371
- 1-year price change: -0.7%
- 5-year price change: +31.6%
#7. New Market, AL
- Typical home value: $285,152
- 1-year price change: -0.1%
- 5-year price change: +35.0%
#6. Athens, AL
- Typical home value: $300,282
- 1-year price change: +0.9%
- 5-year price change: +33.8%
#5. Harvest, AL
- Typical home value: $307,466
- 1-year price change: +0.5%
- 5-year price change: +34.6%
#4. Meridianville, AL
- Typical home value: $325,657
- 1-year price change: +1.9%
- 5-year price change: +35.9%
#3. Gurley, AL
- Typical home value: $339,125
- 1-year price change: +1.1%
- 5-year price change: +26.4%
#2. Madison, AL
- Typical home value: $368,788
- 1-year price change: +1.2%
- 5-year price change: +32.6%
#1. Owens Cross Roads, AL
- Typical home value: $426,757
- 1-year price change: +1.9%
- 5-year price change: +35.5%