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Cities with the most expensive homes in the Mobile metro area

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FOTOGRIN // Shutterstock
FOTOGRIN // 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 Mobile metro area using data from . Charts show the monthly typical home value since January 2018. All 21 cities and towns with data available were included in the list.

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#21. Prichard, AL

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#21. Prichard, AL

- Typical home value: $57,317
- 1-year price change: -0.4%
- 5-year price change: -12.1%

#20. Bayou La Batre, AL

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#20. Bayou La Batre, AL

- Typical home value: $90,877
- 1-year price change: -5.2%
- 5-year price change: -3.3%

#19. Mount Vernon, AL

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#19. Mount Vernon, AL

- Typical home value: $102,509
- 1-year price change: +7.0%
- 5-year price change: -5.4%

#18. Chickasaw, AL

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#18. Chickasaw, AL

- Typical home value: $109,708
- 1-year price change: +4.5%
- 5-year price change: +32.9%

#16. Coden, AL

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#16. Coden, AL

- Typical home value: $154,613
- 1-year price change: +1.1%
- 5-year price change: +8.7%

#15. Eight Mile, AL

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#15. Eight Mile, AL

- Typical home value: $165,669
- 1-year price change: -1.2%
- 5-year price change: +15.6%

#14. Citronelle, AL

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#14. Citronelle, AL

- Typical home value: $173,061
- 1-year price change: +4.3%
- 5-year price change: +16.5%

#13. Millry, AL

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#13. Millry, AL

- Typical home value: $177,629
- 1-year price change: +0.3%
- 5-year price change: +7.0%

#11. Mobile, AL

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#11. Mobile, AL

- Typical home value: $198,189
- 1-year price change: -0.6%
- 5-year price change: +18.0%

#10. Wilmer, AL

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#10. Wilmer, AL

- Typical home value: $202,935
- 1-year price change: +1.2%
- 5-year price change: +17.9%

#9. Theodore, AL

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#9. Theodore, AL

- Typical home value: $203,791
- 1-year price change: +0.6%
- 5-year price change: +18.6%

#8. Axis, AL

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#8. Axis, AL

- Typical home value: $208,252
- 1-year price change: +3.5%
- 5-year price change: +27.8%

#7. Grand Bay, AL

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#7. Grand Bay, AL

- Typical home value: $217,119
- 1-year price change: +1.3%
- 5-year price change: +19.8%

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#6. Chunchula, AL

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#6. Chunchula, AL

- Typical home value: $220,427
- 1-year price change: +3.8%
- 5-year price change: +24.5%

#5. Creola, AL

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#5. Creola, AL

- Typical home value: $221,707
- 1-year price change: +3.6%
- 5-year price change: +22.1%

#4. Semmes, AL

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#4. Semmes, AL

- Typical home value: $240,068
- 1-year price change: -0.2%
- 5-year price change: +21.9%

#3. Saraland, AL

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#3. Saraland, AL

- Typical home value: $240,627
- 1-year price change: +1.6%
- 5-year price change: +24.0%

#1. Dauphin Island, AL

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#1. Dauphin Island, AL

- Typical home value: $459,788
- 1-year price change: +0.3%
- 5-year price change: +20.7%