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 $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the sits at 6.55%.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: $233,661
- 1-year price change: +5.3%
- 5-year price change: +6.1%
#12. Ardmore, AL
- Typical home value: $259,274
- 1-year price change: +2.1%
- 5-year price change: +22.0%
#11. Lester, AL
- Typical home value: $261,657
- 1-year price change: -3.5%
- 5-year price change: +11.9%
#10. Hazel Green, AL
- Typical home value: $265,180
- 1-year price change: +1.9%
- 5-year price change: +22.0%
#9. Elkmont, AL
- Typical home value: $269,173
- 1-year price change: +0.5%
- 5-year price change: +24.0%
#8. Huntsville, AL
- Typical home value: $292,728
- 1-year price change: +0.7%
- 5-year price change: +18.5%
#7. New Market, AL
- Typical home value: $292,752
- 1-year price change: -0.9%
- 5-year price change: +20.0%
#6. Athens, AL
- Typical home value: $313,023
- 1-year price change: +1.1%
- 5-year price change: +21.8%
#5. Harvest, AL
- Typical home value: $316,067
- 1-year price change: +0.6%
- 5-year price change: +19.8%
#4. Meridianville, AL
- Typical home value: $333,351
- 1-year price change: -0.6%
- 5-year price change: +19.8%
#3. Gurley, AL
- Typical home value: $349,152
- 1-year price change: +2.1%
- 5-year price change: +15.9%
#2. Madison, AL
- Typical home value: $379,055
- 1-year price change: +0.8%
- 5-year price change: +18.4%
#1. Owens Cross Roads, AL
- Typical home value: $436,330
- 1-year price change: +1.4%
- 5-year price change: +21.4%