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Cities with the most expensive homes in the Michigan City 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 Michigan City metro area using data from . Charts show the monthly typical home value since January 2018. All 15 cities and towns with data available were included in the list.

You may also like: Michigan City mid-year housing market review

#15. Kingsford Heights, IN

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#15. Kingsford Heights, IN

- Typical home value: $171,884
- 1-year price change: +7.2%
- 5-year price change: +64.3%

#14. Michigan City, IN

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#14. Michigan City, IN

- Typical home value: $195,500
- 1-year price change: +4.4%
- 5-year price change: +36.8%

#13. Hamlet, IN

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#13. Hamlet, IN

- Typical home value: $212,860
- 1-year price change: +2.4%
- 5-year price change: +35.2%

#12. La Crosse, IN

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#12. La Crosse, IN

- Typical home value: $231,900
- 1-year price change: +0.4%
- 5-year price change: +30.5%

#10. Trail Creek, IN

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#10. Trail Creek, IN

- Typical home value: $254,513
- 1-year price change: +5.1%
- 5-year price change: +46.0%

#9. La Porte, IN

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#9. La Porte, IN

- Typical home value: $280,850
- 1-year price change: +3.7%
- 5-year price change: +32.7%

#8. Hanna, IN

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#8. Hanna, IN

- Typical home value: $282,472
- 1-year price change: +4.9%
- 5-year price change: +32.1%

#7. Wanatah, IN

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#7. Wanatah, IN

- Typical home value: $287,977
- 1-year price change: +4.6%
- 5-year price change: +33.1%

#5. Rolling Prairie, IN

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#5. Rolling Prairie, IN

- Typical home value: $324,193
- 1-year price change: +6.3%
- 5-year price change: +31.4%

#4. Mill Creek, IN

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#4. Mill Creek, IN

- Typical home value: $330,168
- 1-year price change: +6.0%
- 5-year price change: +31.8%

#3. Westville, IN

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#3. Westville, IN

- Typical home value: $368,171
- 1-year price change: +5.5%
- 5-year price change: +32.1%

#2. Michiana Shores, IN

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#2. Michiana Shores, IN

- Typical home value: $626,314
- 1-year price change: +1.7%
- 5-year price change: +28.0%