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Cities with the most expensive homes in the Gainesville metro area

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scarp577 // Shutterstock
scarp577 // 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 Gainesville 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. Chiefland, FL

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#21. Chiefland, FL

- Typical home value: $172,439
- 1-year price change: -1.8%
- 5-year price change: +20.2%

#20. Waldo, FL

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#20. Waldo, FL

- Typical home value: $206,951
- 1-year price change: +0.4%
- 5-year price change: +18.9%

#19. Hawthorne, FL

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#19. Hawthorne, FL

- Typical home value: $232,581
- 1-year price change: +1.1%
- 5-year price change: +17.6%

#18. Inglis, FL

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#18. Inglis, FL

- Typical home value: $250,271
- 1-year price change: -2.1%
- 5-year price change: +21.1%

#16. Yankeetown, FL

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#16. Yankeetown, FL

- Typical home value: $277,001
- 1-year price change: -5.6%
- 5-year price change: +12.6%

#15. Fanning Springs, FL

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#15. Fanning Springs, FL

- Typical home value: $279,786
- 1-year price change: +2.0%
- 5-year price change: +25.9%

#14. Manattee Road, FL

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#14. Manattee Road, FL

- Typical home value: $282,818
- 1-year price change: -0.3%
- 5-year price change: +25.7%

#13. Williston, FL

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#13. Williston, FL

- Typical home value: $290,915
- 1-year price change: -0.6%
- 5-year price change: +25.1%

#11. Gainesville, FL

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#11. Gainesville, FL

- Typical home value: $295,760
- 1-year price change: -1.2%
- 5-year price change: +17.2%

#10. Bell, FL

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#10. Bell, FL

- Typical home value: $296,653
- 1-year price change: +2.6%
- 5-year price change: +30.2%

#9. Bronson, FL

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#9. Bronson, FL

- Typical home value: $300,291
- 1-year price change: +4.7%
- 5-year price change: +34.9%

#8. Cedar Key, FL

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#8. Cedar Key, FL

- Typical home value: $319,698
- 1-year price change: -3.9%
- 5-year price change: +12.9%

#6. Alachua, FL

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#6. Alachua, FL

- Typical home value: $327,303
- 1-year price change: -2.1%
- 5-year price change: +16.5%

#5. Newberry, FL

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#5. Newberry, FL

- Typical home value: $329,546
- 1-year price change: -2.0%
- 5-year price change: +12.8%

#4. Micanopy, FL

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#4. Micanopy, FL

- Typical home value: $336,678
- 1-year price change: +0.6%
- 5-year price change: +22.6%

#3. Archer, FL

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#3. Archer, FL

- Typical home value: $364,540
- 1-year price change: -0.9%
- 5-year price change: +26.3%

#1. Morriston, FL

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#1. Morriston, FL

- Typical home value: $461,201
- 1-year price change: +2.4%
- 5-year price change: +38.0%