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Cities with the most expensive homes in the Lewiston, Maine metro area

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4 PM production // Shutterstock
4 PM production // 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 Lewiston, Maine 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.

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#15. Livermore Falls, ME

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#15. Livermore Falls, ME

- Typical home value: $216,276
- 1-year price change: +0.7%
- 5-year price change: +35.9%

#14. Livermore, ME

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#14. Livermore, ME

- Typical home value: $290,353
- 1-year price change: -1.3%
- 5-year price change: +23.6%

#13. Mechanic Falls, ME

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#13. Mechanic Falls, ME

- Typical home value: $297,496
- 1-year price change: -2.4%
- 5-year price change: +31.9%

#12. Lewiston, ME

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#12. Lewiston, ME

- Typical home value: $298,174
- 1-year price change: +1.2%
- 5-year price change: +40.6%

#10. Lisbon Falls, ME

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#10. Lisbon Falls, ME

- Typical home value: $330,218
- 1-year price change: +3.0%
- 5-year price change: +34.4%

#9. Greene, ME

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#9. Greene, ME

- Typical home value: $347,190
- 1-year price change: +2.3%
- 5-year price change: +28.2%

#8. Lisbon, ME

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#8. Lisbon, ME

- Typical home value: $347,597
- 1-year price change: +3.4%
- 5-year price change: +33.2%

#7. Leeds, ME

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#7. Leeds, ME

- Typical home value: $348,721
- 1-year price change: +3.2%
- 5-year price change: +38.4%

#5. Wales, ME

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#5. Wales, ME

- Typical home value: $369,288
- 1-year price change: +7.8%
- 5-year price change: +28.0%

#4. Turner, ME

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#4. Turner, ME

- Typical home value: $379,750
- 1-year price change: -1.0%
- 5-year price change: +25.4%

#3. Minot, ME

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#3. Minot, ME

- Typical home value: $382,687
- 1-year price change: -3.7%
- 5-year price change: +24.5%

#2. Poland, ME

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#2. Poland, ME

- Typical home value: $392,568
- 1-year price change: +0.6%
- 5-year price change: +25.8%