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Cities with the most expensive homes in the Tallahassee metro area

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Konstantin L // Shutterstock
Konstantin L // 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 Tallahassee metro area using data from . Charts show the monthly typical home value since January 2018. All 11 cities and towns with data available were included in the list.

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#11. Gretna, FL

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#11. Gretna, FL

- Typical home value: $93,444
- 1-year price change: +6.8%
- 5-year price change: +11.2%

#10. Chattahoochee, FL

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#10. Chattahoochee, FL

- Typical home value: $118,113
- 1-year price change: -4.3%
- 5-year price change: +18.5%

#9. Quincy, FL

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#9. Quincy, FL

- Typical home value: $176,533
- 1-year price change: +0.6%
- 5-year price change: +36.1%

#8. Lamont, FL

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#8. Lamont, FL

- Typical home value: $209,171
- 1-year price change: +4.5%
- 5-year price change: +27.6%

#6. Midway, FL

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#6. Midway, FL

- Typical home value: $253,207
- 1-year price change: -1.8%
- 5-year price change: +28.3%

#5. Havana, FL

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#5. Havana, FL

- Typical home value: $268,811
- 1-year price change: -1.3%
- 5-year price change: +26.6%

#4. Crawfordville, FL

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#4. Crawfordville, FL

- Typical home value: $292,941
- 1-year price change: +0.7%
- 5-year price change: +23.5%

#3. Tallahassee, FL

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#3. Tallahassee, FL

- Typical home value: $294,444
- 1-year price change: +1.4%
- 5-year price change: +18.5%

#1. Panacea, FL

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#1. Panacea, FL

- Typical home value: $395,070
- 1-year price change: +1.2%
- 5-year price change: +25.4%