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Cities with the most expensive homes in the Indianapolis 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 Indianapolis metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 79 cities and towns.

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#30. Fountaintown, IN

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#30. Fountaintown, IN

- Typical home value: $322,881
- 1-year price change: +2.7%
- 5-year price change: +27.8%

#29. Coatesville, IN

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#29. Coatesville, IN

- Typical home value: $327,242
- 1-year price change: +4.2%
- 5-year price change: +25.2%

#28. Greenwood, IN

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#28. Greenwood, IN

- Typical home value: $327,893
- 1-year price change: +1.2%
- 5-year price change: +19.2%

#27. Plainfield, IN

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#27. Plainfield, IN

- Typical home value: $334,756
- 1-year price change: +1.7%
- 5-year price change: +21.6%

#25. Clayton, IN

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#25. Clayton, IN

- Typical home value: $337,499
- 1-year price change: +2.6%
- 5-year price change: +26.7%

#24. Morgantown, IN

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#24. Morgantown, IN

- Typical home value: $340,641
- 1-year price change: +4.8%
- 5-year price change: +36.5%

#23. Thorntown, IN

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#23. Thorntown, IN

- Typical home value: $342,298
- 1-year price change: +4.5%
- 5-year price change: +28.0%

#22. Danville, IN

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#22. Danville, IN

- Typical home value: $343,236
- 1-year price change: +2.4%
- 5-year price change: +23.4%

#20. Atlanta, IN

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#20. Atlanta, IN

- Typical home value: $346,394
- 1-year price change: +6.4%
- 5-year price change: +34.2%

#19. Jamestown, IN

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#19. Jamestown, IN

- Typical home value: $348,614
- 1-year price change: +6.4%
- 5-year price change: +36.3%

#18. Avon, IN

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#18. Avon, IN

- Typical home value: $355,319
- 1-year price change: +1.3%
- 5-year price change: +19.4%

#17. Brownsburg, IN

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#17. Brownsburg, IN

- Typical home value: $358,683
- 1-year price change: +1.4%
- 5-year price change: +23.5%

#15. Lizton, IN

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#15. Lizton, IN

- Typical home value: $360,965
- 1-year price change: +4.3%
- 5-year price change: +27.3%

#14. North Salem, IN

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#14. North Salem, IN

- Typical home value: $362,605
- 1-year price change: +6.8%
- 5-year price change: +32.5%

#13. Trafalgar, IN

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#13. Trafalgar, IN

- Typical home value: $370,497
- 1-year price change: +4.7%
- 5-year price change: +24.5%

#12. Pittsboro, IN

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#12. Pittsboro, IN

- Typical home value: $371,403
- 1-year price change: +1.9%
- 5-year price change: +24.0%

#10. New Palestine, IN

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#10. New Palestine, IN

- Typical home value: $384,005
- 1-year price change: +2.2%
- 5-year price change: +22.7%

#9. Noblesville, IN

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#9. Noblesville, IN

- Typical home value: $392,593
- 1-year price change: +2.0%
- 5-year price change: +25.1%

#8. Sheridan, IN

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#8. Sheridan, IN

- Typical home value: $394,047
- 1-year price change: +4.7%
- 5-year price change: +33.7%

#7. Needham, IN

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#7. Needham, IN

- Typical home value: $395,945
- 1-year price change: +4.6%
- 5-year price change: +31.4%

#5. Fishers, IN

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#5. Fishers, IN

- Typical home value: $444,527
- 1-year price change: +1.8%
- 5-year price change: +24.0%

#4. Bargersville, IN

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#4. Bargersville, IN

- Typical home value: $456,860
- 1-year price change: +3.6%
- 5-year price change: +22.3%

#3. Westfield, IN

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#3. Westfield, IN

- Typical home value: $473,286
- 1-year price change: +3.2%
- 5-year price change: +25.0%

#2. Carmel, IN

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#2. Carmel, IN

- Typical home value: $574,220
- 1-year price change: +4.6%
- 5-year price change: +33.3%