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Cities with the most expensive homes in the Bloomington, Illinois metro area

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ungvar // Shutterstock
ungvar // 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 Bloomington, Illinois metro area using data from . Charts show the monthly typical home value since January 2018. All 20 cities and towns with data available were included in the list.

You may also like: Where people in Bloomington, Illinois are looking to buy homes

#20. Bellflower, IL

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#20. Bellflower, IL

- Typical home value: $153,697
- 1-year price change: +1.2%
- 5-year price change: data not available

#19. Saybrook, IL

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#19. Saybrook, IL

- Typical home value: $170,490
- 1-year price change: +10.1%
- 5-year price change: +39.6%

#18. Chenoa, IL

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#18. Chenoa, IL

- Typical home value: $174,402
- 1-year price change: +7.8%
- 5-year price change: +49.3%

#17. Colfax, IL

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#17. Colfax, IL

- Typical home value: $181,701
- 1-year price change: +7.0%
- 5-year price change: +37.8%

#15. McLean, IL

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#15. McLean, IL

- Typical home value: $199,583
- 1-year price change: +1.9%
- 5-year price change: +33.6%

#14. Le Roy, IL

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#14. Le Roy, IL

- Typical home value: $210,795
- 1-year price change: +4.0%
- 5-year price change: +38.1%

#13. Arrowsmith, IL

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#13. Arrowsmith, IL

- Typical home value: $213,902
- 1-year price change: +8.4%
- 5-year price change: +38.2%

#12. Gridley, IL

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#12. Gridley, IL

- Typical home value: $218,085
- 1-year price change: +3.1%
- 5-year price change: +41.6%

#10. Lexington, IL

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#10. Lexington, IL

- Typical home value: $242,326
- 1-year price change: +1.7%
- 5-year price change: +29.0%

#9. Danvers, IL

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#9. Danvers, IL

- Typical home value: $246,386
- 1-year price change: +3.5%
- 5-year price change: +38.5%

#8. Ellsworth, IL

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#8. Ellsworth, IL

- Typical home value: $265,249
- 1-year price change: +4.2%
- 5-year price change: data not available

#7. Normal, IL

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#7. Normal, IL

- Typical home value: $267,616
- 1-year price change: -0.2%
- 5-year price change: +29.3%

#5. Towanda, IL

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#5. Towanda, IL

- Typical home value: $268,808
- 1-year price change: +0.9%
- 5-year price change: +31.9%

#4. Bloomington, IL

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#4. Bloomington, IL

- Typical home value: $270,349
- 1-year price change: +2.1%
- 5-year price change: +39.2%

#3. Carlock, IL

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#3. Carlock, IL

- Typical home value: $288,549
- 1-year price change: +7.1%
- 5-year price change: +38.3%

#2. Hudson, IL

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#2. Hudson, IL

- Typical home value: $312,871
- 1-year price change: +2.5%
- 5-year price change: +32.6%