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 $365,545 in March, 0.8% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of April 16, the sits at 6.3%.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: $231,398
- 1-year price change: +3.5%
- 5-year price change: +12.1%
#12. Lester, AL
- Typical home value: $252,890
- 1-year price change: -5.2%
- 5-year price change: +17.4%
#11. Ardmore, AL
- Typical home value: $254,439
- 1-year price change: +0.8%
- 5-year price change: +29.2%
#10. Hazel Green, AL
- Typical home value: $262,793
- 1-year price change: +1.2%
- 5-year price change: +29.0%
#9. Elkmont, AL
- Typical home value: $264,021
- 1-year price change: +0.2%
- 5-year price change: +32.3%
#8. Huntsville, AL
- Typical home value: $287,569
- 1-year price change: +0.2%
- 5-year price change: +25.8%
#7. New Market, AL
- Typical home value: $291,245
- 1-year price change: -0.9%
- 5-year price change: +28.0%
#6. Athens, AL
- Typical home value: $307,881
- 1-year price change: +1.2%
- 5-year price change: +29.9%
#5. Harvest, AL
- Typical home value: $311,480
- 1-year price change: +0.3%
- 5-year price change: +28.1%
#4. Meridianville, AL
- Typical home value: $329,417
- 1-year price change: +0.1%
- 5-year price change: +28.3%
#3. Gurley, AL
- Typical home value: $351,643
- 1-year price change: +1.8%
- 5-year price change: +23.2%
#2. Madison, AL
- Typical home value: $374,497
- 1-year price change: +1.2%
- 5-year price change: +26.3%
#1. Owens Cross Roads, AL
- Typical home value: $428,993
- 1-year price change: +1.5%
- 5-year price change: +29.1%