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Cities with the most expensive homes in the Dothan metro area

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Volodymyr Kyrylyuk // Shutterstock
Volodymyr Kyrylyuk // 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 Dothan metro area using data from . Charts show the monthly typical home value since January 2018. All 27 cities and towns with data available were included in the list.

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#27. Shorterville, AL

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#27. Shorterville, AL

- Typical home value: $126,969
- 1-year price change: +2.2%
- 5-year price change: +3.8%

#26. Slocomb, AL

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#26. Slocomb, AL

- Typical home value: $130,820
- 1-year price change: +3.2%
- 5-year price change: +10.1%

#25. Geneva, AL

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#25. Geneva, AL

- Typical home value: $139,732
- 1-year price change: -1.8%
- 5-year price change: +2.4%

#24. Samson, AL

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#24. Samson, AL

- Typical home value: $143,647
- 1-year price change: +1.6%
- 5-year price change: +2.6%

#23. Clopton, AL

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#23. Clopton, AL

- Typical home value: $146,162
- 1-year price change: +6.1%
- 5-year price change: +3.2%

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#22. Kinsey, AL

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#22. Kinsey, AL

- Typical home value: $147,272
- 1-year price change: +3.5%
- 5-year price change: +33.6%

#21. Gordon, AL

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#21. Gordon, AL

- Typical home value: $150,289
- 1-year price change: +6.2%
- 5-year price change: +32.8%

#20. Madrid, AL

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#20. Madrid, AL

- Typical home value: $157,485
- 1-year price change: +6.8%
- 5-year price change: +26.2%

#19. Abbeville, AL

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#19. Abbeville, AL

- Typical home value: $158,210
- 1-year price change: +1.6%
- 5-year price change: +10.0%

#17. Columbia, AL

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#17. Columbia, AL

- Typical home value: $166,090
- 1-year price change: +0.9%
- 5-year price change: +17.9%

#16. Newville, AL

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#16. Newville, AL

- Typical home value: $166,883
- 1-year price change: +4.5%
- 5-year price change: +6.8%

#15. Pansey, AL

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#15. Pansey, AL

- Typical home value: $168,138
- 1-year price change: +6.8%
- 5-year price change: +35.7%

#14. Taylor, AL

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#14. Taylor, AL

- Typical home value: $169,872
- 1-year price change: +1.0%
- 5-year price change: +28.2%

#12. Ashford, AL

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#12. Ashford, AL

- Typical home value: $179,994
- 1-year price change: +2.4%
- 5-year price change: +38.0%

#11. Hartford, AL

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#11. Hartford, AL

- Typical home value: $180,076
- 1-year price change: +5.7%
- 5-year price change: +19.9%

#10. Cowarts, AL

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#10. Cowarts, AL

- Typical home value: $183,369
- 1-year price change: +5.6%
- 5-year price change: +41.3%

#9. Coffee Springs, AL

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#9. Coffee Springs, AL

- Typical home value: $183,607
- 1-year price change: +2.8%
- 5-year price change: +9.9%

#7. Malvern, AL

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#7. Malvern, AL

- Typical home value: $195,691
- 1-year price change: +0.9%
- 5-year price change: +15.0%

#6. Chancellor, AL

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#6. Chancellor, AL

- Typical home value: $195,779
- 1-year price change: -1.9%
- 5-year price change: +11.4%

#5. Avon, AL

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#5. Avon, AL

- Typical home value: $200,474
- 1-year price change: +6.4%
- 5-year price change: +32.5%

#4. Dothan, AL

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#4. Dothan, AL

- Typical home value: $206,754
- 1-year price change: +1.8%
- 5-year price change: +29.0%

#2. Newton, AL

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#2. Newton, AL

- Typical home value: $258,318
- 1-year price change: +3.0%
- 5-year price change: +31.9%

#1. Rehobeth, AL

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#1. Rehobeth, AL

- Typical home value: $276,600
- 1-year price change: +0.6%
- 5-year price change: +28.4%