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Cities with the most expensive homes in the Decatur metro area

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4 PM production // Shutterstock
4 PM production // Shutterstock

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 $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

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 Decatur metro area using data from . 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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#14. North Courtland, AL

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#14. North Courtland, AL

- Typical home value: $114,300
- 1-year price change: +3.0%
- 5-year price change: +1.1%

#13. Courtland, AL

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#13. Courtland, AL

- Typical home value: $177,392
- 1-year price change: +4.6%
- 5-year price change: +19.1%

#12. Hillsboro, AL

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#12. Hillsboro, AL

- Typical home value: $187,170
- 1-year price change: +2.7%
- 5-year price change: +18.2%

#11. Falkville, AL

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#11. Falkville, AL

- Typical home value: $205,745
- 1-year price change: +1.1%
- 5-year price change: +12.8%

#9. Eva, AL

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#9. Eva, AL

- Typical home value: $216,191
- 1-year price change: +4.2%
- 5-year price change: +14.7%

#8. Decatur, AL

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#8. Decatur, AL

- Typical home value: $223,248
- 1-year price change: -1.1%
- 5-year price change: +15.9%

#7. Town Creek, AL

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#7. Town Creek, AL

- Typical home value: $225,817
- 1-year price change: +4.5%
- 5-year price change: +18.7%

#6. Moulton, AL

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#6. Moulton, AL

- Typical home value: $228,126
- 1-year price change: +0.8%
- 5-year price change: +19.5%

#5. Laceys Spring, AL

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#5. Laceys Spring, AL

- Typical home value: $231,643
- 1-year price change: +3.5%
- 5-year price change: +13.0%

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#4. Danville, AL

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#4. Danville, AL

- Typical home value: $239,450
- 1-year price change: +3.2%
- 5-year price change: +12.6%

#3. Trinity, AL

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#3. Trinity, AL

- Typical home value: $245,230
- 1-year price change: -0.8%
- 5-year price change: +14.9%

#2. Hartselle, AL

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#2. Hartselle, AL

- Typical home value: $249,857
- 1-year price change: +1.8%
- 5-year price change: +21.2%

#1. Priceville, AL

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#1. Priceville, AL

- Typical home value: $318,478
- 1-year price change: +0.6%
- 5-year price change: +24.0%