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Cities with the most expensive homes in the Springfield, Illinois 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 Springfield, Illinois metro area using data from . Charts show the monthly typical home value since January 2018. All 28 cities and towns with data available were included in the list.

You may also like: The highest-value homes in Springfield, Illinois

#28. Grandview, IL

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#28. Grandview, IL

- Typical home value: $95,967
- 1-year price change: +11.5%
- 5-year price change: +61.3%

#27. Easton, IL

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#27. Easton, IL

- Typical home value: $115,790
- 1-year price change: +13.1%
- 5-year price change: -11.3%

#26. Mason City, IL

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#26. Mason City, IL

- Typical home value: $124,452
- 1-year price change: +14.7%
- 5-year price change: +13.5%

#25. Southern View, IL

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#25. Southern View, IL

- Typical home value: $133,055
- 1-year price change: +8.7%
- 5-year price change: +43.4%

#23. Greenview, IL

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#23. Greenview, IL

- Typical home value: $147,207
- 1-year price change: +3.9%
- 5-year price change: +16.0%

#22. Divernon, IL

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#22. Divernon, IL

- Typical home value: $157,125
- 1-year price change: +11.3%
- 5-year price change: +17.8%

#21. Oakford, IL

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#21. Oakford, IL

- Typical home value: $160,457
- 1-year price change: +7.3%
- 5-year price change: +11.3%

#20. Jerome, IL

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#20. Jerome, IL

- Typical home value: $161,952
- 1-year price change: +8.2%
- 5-year price change: +34.5%

#18. Auburn, IL

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#18. Auburn, IL

- Typical home value: $177,306
- 1-year price change: +8.4%
- 5-year price change: +21.9%

#17. Pawnee, IL

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#17. Pawnee, IL

- Typical home value: $189,422
- 1-year price change: +10.5%
- 5-year price change: +36.1%

#16. New Berlin, IL

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#16. New Berlin, IL

- Typical home value: $196,041
- 1-year price change: +6.4%
- 5-year price change: +32.1%

#15. Riverton, IL

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#15. Riverton, IL

- Typical home value: $198,143
- 1-year price change: +10.7%
- 5-year price change: +31.1%

#13. Mechanicsburg, IL

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#13. Mechanicsburg, IL

- Typical home value: $214,001
- 1-year price change: +10.8%
- 5-year price change: +42.0%

#12. Petersburg, IL

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#12. Petersburg, IL

- Typical home value: $218,875
- 1-year price change: +6.7%
- 5-year price change: +24.5%

#11. Athens, IL

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#11. Athens, IL

- Typical home value: $234,881
- 1-year price change: +7.4%
- 5-year price change: +34.0%

#10. Dawson, IL

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#10. Dawson, IL

- Typical home value: $236,936
- 1-year price change: +10.6%
- 5-year price change: +51.3%

#8. Pleasant Plains, IL

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#8. Pleasant Plains, IL

- Typical home value: $262,692
- 1-year price change: +10.7%
- 5-year price change: +39.5%

#7. Spaulding, IL

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#7. Spaulding, IL

- Typical home value: $267,379
- 1-year price change: +12.7%
- 5-year price change: +49.4%

#6. Glenarm, IL

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#6. Glenarm, IL

- Typical home value: $289,590
- 1-year price change: +8.0%
-ar price change: +38.2%

#5. Rochester, IL

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#5. Rochester, IL

- Typical home value: $298,141
- 1-year price change: +7.1%
- 5-year price change: +35.7%

#3. Cantrall, IL

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#3. Cantrall, IL

- Typical home value: $311,085
- 1-year price change: +8.4%
- 5-year price change: +38.2%

#2. Leland Grove, IL

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#2. Leland Grove, IL

- Typical home value: $334,849
- 1-year price change: +5.1%
- 5-year price change: +23.8%

#1. Sherman, IL

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#1. Sherman, IL

- Typical home value: $337,390
- 1-year price change: +6.3%
- 5-year price change: +39.9%