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Cities with the most expensive homes in the Colorado Springs 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 Colorado Springs metro area using data from . Charts show the monthly typical home value since January 2018. All 16 cities and towns with data available were included in the list.

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#16. Victor, CO

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#16. Victor, CO

- Typical home value: $213,604
- 1-year price change: -1.5%
- 5-year price change: +1.2%

#15. Stratmoor, CO

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#15. Stratmoor, CO

- Typical home value: $321,732
- 1-year price change: -1.2%
- 5-year price change: +3.5%

#14. Cripple Creek, CO

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#14. Cripple Creek, CO

- Typical home value: $327,630
- 1-year price change: -2.6%
- 5-year price change: +8.5%

#13. Security-Widefield, CO

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#13. Security-Widefield, CO

- Typical home value: $374,243
- 1-year price change: -1.4%
- 5-year price change: +4.2%

#11. Green Mountain Falls, CO

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#11. Green Mountain Falls, CO

- Typical home value: $406,911
- 1-year price change: -1.2%
- 5-year price change: +5.9%

#10. Yoder, CO

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#10. Yoder, CO

- Typical home value: $413,600
- 1-year price change: +3.8%
- 5-year price change: +17.5%

#9. Colorado Springs, CO

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#9. Colorado Springs, CO

- Typical home value: $441,553
- 1-year price change: -1.5%
- 5-year price change: +3.9%

#8. Florissant, CO

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#8. Florissant, CO

- Typical home value: $450,855
- 1-year price change: -2.2%
- 5-year price change: +10.1%

#6. Divide, CO

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#6. Divide, CO

- Typical home value: $488,646
- 1-year price change: -2.7%
- 5-year price change: +10.4%

#5. Palmer Lake, CO

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#5. Palmer Lake, CO

- Typical home value: $529,238
- 1-year price change: -0.7%
- 5-year price change: +9.6%

#4. Woodland Park, CO

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#4. Woodland Park, CO

- Typical home value: $531,192
- 1-year price change: -0.5%
- 5-year price change: +11.1%

#3. Peyton, CO

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#3. Peyton, CO

- Typical home value: $534,769
- 1-year price change: -1.5%
- 5-year price change: +8.3%

#2. Manitou Springs, CO

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#2. Manitou Springs, CO

- Typical home value: $544,926
- 1-year price change: +1.0%
- 5-year price change: +10.5%

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#1. Monument, CO

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#1. Monument, CO

- Typical home value: $747,980
- 1-year price change: -1.1%
- 5-year price change: +10.6%