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Cities with the most expensive homes in the Flagstaff metro area

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Arina P Habich // Shutterstock
Arina P Habich // 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 Flagstaff metro area using data from . Charts show the monthly typical home value since January 2018. All 10 cities and towns with data available were included in the list.

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#10. Fredonia, AZ

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1 / 10

#10. Fredonia, AZ

- Typical home value: $300,730
- 1-year price change: +0.9%
- 5-year price change: +3.9%

#9. Page, AZ

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2 / 10

#9. Page, AZ

- Typical home value: $376,679
- 1-year price change: +0.2%
- 5-year price change: +8.3%

#8. Mormon Lake, AZ

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3 / 10

#8. Mormon Lake, AZ

- Typical home value: $400,840
- 1-year price change: -0.7%
- 5-year price change: +24.1%

#7. Williams, AZ

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4 / 10

#7. Williams, AZ

- Typical home value: $451,511
- 1-year price change: +0.6%
- 5-year price change: +22.5%

#6. Happy Jack, AZ

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5 / 10

#6. Happy Jack, AZ

- Typical home value: $510,242
- 1-year price change: +1.0%
- 5-year price change: +29.5%

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#5. Bellemont, AZ

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6 / 10

#5. Bellemont, AZ

- Typical home value: $536,996
- 1-year price change: +0.8%
- 5-year price change: +21.3%

#4. Forest Lakes, AZ

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7 / 10

#4. Forest Lakes, AZ

- Typical home value: $547,860
- 1-year price change: +0.6%
- 5-year price change: +27.0%

#3. Munds Park, AZ

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8 / 10

#3. Munds Park, AZ

- Typical home value: $581,994
- 1-year price change: -1.0%
- 5-year price change: +19.3%

#2. Parks, AZ

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9 / 10

#2. Parks, AZ

- Typical home value: $623,614
- 1-year price change: -0.4%
- 5-year price change: +22.8%