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Cities with the most expensive homes in the Sierra Vista metro area

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4 PM production // Shutterstock
4 PM production // 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 Sierra Vista metro area using data from . Charts show the monthly typical home value since January 2018. All 12 cities and towns with data available were included in the list.

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#12. Douglas, AZ

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#12. Douglas, AZ

- Typical home value: $173,745
- 1-year price change: +0.7%
- 5-year price change: +5.5%

#11. Mc Neal, AZ

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#11. Mc Neal, AZ

- Typical home value: $196,395
- 1-year price change: -5.2%
- 5-year price change: -17.7%

#10. Pearce, AZ

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#10. Pearce, AZ

- Typical home value: $203,166
- 1-year price change: -2.7%
- 5-year price change: +9.5%

#9. Elfrida, AZ

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#9. Elfrida, AZ

- Typical home value: $219,484
- 1-year price change: -2.2%
- 5-year price change: -3.5%

#7. Bisbee, AZ

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#7. Bisbee, AZ

- Typical home value: $227,359
- 1-year price change: -1.1%
- 5-year price change: +14.9%

#6. Cochise, AZ

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#6. Cochise, AZ

- Typical home value: $237,397
- 1-year price change: -3.0%
- 5-year price change: +7.1%

#5. Tombstone, AZ

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#5. Tombstone, AZ

- Typical home value: $238,764
- 1-year price change: +3.7%
- 5-year price change: +10.3%

#4. Benson, AZ

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#4. Benson, AZ

- Typical home value: $253,665
- 1-year price change: +0.2%
- 5-year price change: +15.3%

#3. Sierra Vista, AZ

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#3. Sierra Vista, AZ

- Typical home value: $301,435
- 1-year price change: +0.5%
- 5-year price change: +19.8%

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#2. Saint David, AZ

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#2. Saint David, AZ

- Typical home value: $309,237
- 1-year price change: +2.9%
- 5-year price change: +20.1%

#1. Hereford, AZ

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#1. Hereford, AZ

- Typical home value: $388,364
- 1-year price change: +1.1%
- 5-year price change: +16.8%