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Cities with the most expensive homes in the New Haven metro area

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Volodymyr Kyrylyuk // Shutterstock
Volodymyr Kyrylyuk // 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 New Haven metro area using data from . Charts show the monthly typical home value since January 2018. All 27 cities and towns with data available were included in the list.

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#27. Waterbury, CT

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#27. Waterbury, CT

- Typical home value: $287,514
- 1-year price change: +3.4%
- 5-year price change: +61.1%

#26. Meriden, CT

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#26. Meriden, CT

- Typical home value: $328,086
- 1-year price change: +4.5%
- 5-year price change: +47.5%

#25. New Haven, CT

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#25. New Haven, CT

- Typical home value: $339,182
- 1-year price change: +6.1%
- 5-year price change: +39.4%

#24. Derby, CT

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#24. Derby, CT

- Typical home value: $343,257
- 1-year price change: +3.2%
- 5-year price change: +40.7%

#22. East Haven, CT

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#22. East Haven, CT

- Typical home value: $364,482
- 1-year price change: +3.3%
- 5-year price change: +39.7%

#21. West Haven, CT

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#21. West Haven, CT

- Typical home value: $366,562
- 1-year price change: +7.8%
- 5-year price change: +45.0%

#20. Hamden, CT

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#20. Hamden, CT

- Typical home value: $371,722
- 1-year price change: +5.5%
- 5-year price change: +39.6%

#19. Ansonia, CT

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#19. Ansonia, CT

- Typical home value: $385,949
- 1-year price change: +3.6%
- 5-year price change: +43.2%

#17. Seymour, CT

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#17. Seymour, CT

- Typical home value: $422,329
- 1-year price change: +6.7%
- 5-year price change: +43.7%

#16. Beacon Falls, CT

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#16. Beacon Falls, CT

- Typical home value: $427,081
- 1-year price change: +1.8%
- 5-year price change: +37.2%

#15. Wallingford, CT

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#15. Wallingford, CT

- Typical home value: $430,224
- 1-year price change: +7.0%
- 5-year price change: +41.4%

#14. Southbury, CT

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#14. Southbury, CT

- Typical home value: $453,713
- 1-year price change: +0.3%
- 5-year price change: +31.7%

#12. Prospect, CT

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#12. Prospect, CT

- Typical home value: $471,253
- 1-year price change: +7.4%
- 5-year price change: +39.7%

#11. North Haven, CT

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#11. North Haven, CT

- Typical home value: $475,604
- 1-year price change: +5.3%
- 5-year price change: +35.2%

#10. North Branford, CT

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#10. North Branford, CT

- Typical home value: $482,011
- 1-year price change: +8.3%
- 5-year price change: +40.3%

#9. Milford, CT

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#9. Milford, CT

- Typical home value: $510,828
- 1-year price change: +4.6%
- 5-year price change: +40.0%

#7. Middlebury, CT

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#7. Middlebury, CT

- Typical home value: $551,507
- 1-year price change: +1.9%
- 5-year price change: +37.5%

#6. Bethany, CT

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#6. Bethany, CT

- Typical home value: $564,372
- 1-year price change: -0.1%
- 5-year price change: +38.6%

#5. Oxford, CT

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#5. Oxford, CT

- Typical home value: $596,488- 5-year price change: +45.1%

#4. Orange, CT

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#4. Orange, CT

- Typical home value: $634,325
- 1-year price change: +0.9%
- 5-year price change: +37.4%

#3. Guilford, CT

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#3. Guilford, CT

- Typical home value: $641,321
- 1-year price change: +4.5%
- 5-year price change: +38.0%

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#2. Woodbridge, CT

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#2. Woodbridge, CT

- Typical home value: $708,607
- 1-year price change: +8.9%
- 5-year price change: +47.0%

#1. Madison, CT

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#1. Madison, CT

- Typical home value: $725,251
- 1-year price change: +3.8%
- 5-year price change: +45.6%