Cities with the most expensive homes in the Harrisonburg metro area
Cities with the most expensive homes in the Harrisonburg 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 Harrisonburg 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. Hinton, VA
- Typical home value: $247,738
- 1-year price change: +1.0%
- 5-year price change: +30.5%
#12. Timberville, VA
- Typical home value: $280,727
- 1-year price change: +2.9%
- 5-year price change: +41.4%
#11. Elkton, VA
- Typical home value: $308,157
- 1-year price change: +1.1%
- 5-year price change: +38.6%
#10. Broadway, VA
- Typical home value: $311,795
- 1-year price change: +2.6%
- 5-year price change: +41.5%
#9. New Market, VA
- Typical home value: $320,528
- 1-year price change: -1.0%
- 5-year price change: +40.5%
#8. Harrisonburg, VA
- Typical home value: $340,771
- 1-year price change: +4.5%
- 5-year price change: +28.2%
#7. Dayton, VA
- Typical home value: $347,925
- 1-year price change: +4.0%
- 5-year price change: +40.3%
#6. Linville, VA
- Typical home value: $355,487
- 1-year price change: +1.3%
- 5-year price change: +34.7%
#5. Bridgewater, VA
- Typical home value: $369,035
- 1-year price change: +2.5%
- 5-year price change: +36.4%
#4. Port Republic, VA
- Typical home value: $392,479
- 1-year price change: +5.6%
- 5-year price change: +38.7%
#3. Mount Crawford, VA
- Typical home value: $395,780
- 1-year price change: +4.5%
- 5-year price change: +38.8%
#2. McGaheysville, VA
- Typical home value: $417,323
- 1-year price change: +2.7%
- 5-year price change: +54.7%
#1. Penn Laird, VA
- Typical home value: $475,699
- 1-year price change: +4.8%
- 5-year price change: +41.1%