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Cities with the most expensive homes in the Monroe metro area

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FOTOGRIN // Shutterstock
FOTOGRIN // 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 Monroe metro area using data from . Charts show the monthly typical home value since January 2018. All 14 cities and towns with data available were included in the list.

You may also like: Where people in Monroe are looking to buy homes

#14. Mer Rouge, LA

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#14. Mer Rouge, LA

- Typical home value: $95,281
- 1-year price change: -0.3%
- 5-year price change: -19.9%

#13. Bastrop, LA

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#13. Bastrop, LA

- Typical home value: $97,820
- 1-year price change: +6.0%
- 5-year price change: +0.1%

#12. Bernice, LA

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#12. Bernice, LA

- Typical home value: $109,581
- 1-year price change: -2.9%
- 5-year price change: -21.4%

#11. Spearsville, LA

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#11. Spearsville, LA

- Typical home value: $130,438
- 1-year price change: +9.0%
- 5-year price change: +9.8%

#9. Collinston, LA

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#9. Collinston, LA

- Typical home value: $137,997
- 1-year price change: +2.9%
- 5-year price change: +0.9%

#8. Monroe, LA

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#8. Monroe, LA

- Typical home value: $156,120
- 1-year price change: +2.3%
- 5-year price change: +12.5%

#7. Eros, LA

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#7. Eros, LA

- Typical home value: $184,479
- 1-year price change: -1.4%
- 5-year price change: -5.3%

#6. Farmerville, LA

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#6. Farmerville, LA

- Typical home value: $185,123
- 1-year price change: +5.6%
- 5-year price change: +14.9%

#4. West Monroe, LA

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#4. West Monroe, LA

- Typical home value: $204,726
- 1-year price change: +2.4%
- 5-year price change: +12.0%

#3. Downsville, LA

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#3. Downsville, LA

- Typical home value: $211,228
- 1-year price change: +1.3%
- 5-year price change: +9.1%

#2. Sterlington, LA

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#2. Sterlington, LA

- Typical home value: $224,604
- 1-year price change: +1.7%
- 5-year price change: +14.3%

#1. Calhoun, LA

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#1. Calhoun, LA

- Typical home value: $252,502
- 1-year price change: -0.0%
- 5-year price change: +4.2%