Cities with the most expensive homes in the Salisbury metro area
Cities with the most expensive homes in the Salisbury metro area
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 $365,545 in March, 0.8% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of April 16, the sits at 6.3%.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 Salisbury metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 53 cities and towns.
#30. Laurel, DE
- Typical home value: $305,530
- 1-year price change: +0.3%
- 5-year price change: +22.6%
#29. Hebron, MD
- Typical home value: $309,335
- 1-year price change: +2.4%
- 5-year price change: +36.2%
#28. Parsonsburg, MD
- Typical home value: $309,578
- 1-year price change: +3.1%
- 5-year price change: +34.8%
#27. Seaford, DE
- Typical home value: $310,072
- 1-year price change: +1.5%
- 5-year price change: +23.1%
#26. Eden, MD
- Typical home value: $319,819
- 1-year price change: -1.3%
- 5-year price change: +20.7%
#25. Delmar, DE
- Typical home value: $334,952
- 1-year price change: -3.3%
- 5-year price change: +17.5%
#24. Ellendale, DE
- Typical home value: $338,853
- 1-year price change: -0.2%
- 5-year price change: +27.1%
#23. Bethel, DE
- Typical home value: $352,578
- 1-year price change: +1.8%
- 5-year price change: +23.1%
#22. Lincoln, DE
- Typical home value: $354,038
- 1-year price change: +0.2%
- 5-year price change: +36.7%
#21. Bridgeville, DE
- Typical home value: $356,953
- 1-year price change: +0.8%
- 5-year price change: +23.2%
#20. Newark, MD
- Typical home value: $358,269
- 1-year price change: -1.3%
- 5-year price change: +29.0%
#19. Whaleyville, MD
- Typical home value: $362,618
- 1-year price change: +1.6%
- 5-year price change: data not available
#18. Georgetown, DE
- Typical home value: $366,697
- 1-year price change: +0.0%
- 5-year price change: +23.8%
#17. Millsboro, DE
- Typical home value: $396,649
- 1-year price change: -1.1%
- 5-year price change: +15.8%
#16. Dagsboro, DE
- Typical home value: $437,413
- 1-year price change: +1.4%
- 5-year price change: +27.4%
#15. Berlin, MD
- Typical home value: $440,463
- 1-year price change: -1.5%
- 5-year price change: +30.7%
#14. Ocean City, MD
- Typical home value: $441,288
- 1-year price change: -3.5%
- 5-year price change: +34.2%
#13. Frankford, DE
- Typical home value: $475,348
- 1-year price change: -3.1%
- 5-year price change: +23.2%
#12. Milton, DE
- Typical home value: $477,517
- 1-year price change: +0.3%
- 5-year price change: +30.3%
#11. Slaughter Beach, DE
- Typical home value: $492,052
- 1-year price change: +8.4%
- 5-year price change: +55.8%
#10. Harbeson, DE
- Typical home value: $526,999
- 1-year price change: -1.6%
- 5-year price change: +24.9%
#9. Selbyville, DE
- Typical home value: $531,432
- 1-year price change: +0.3%
- 5-year price change: +27.7%
#8. Ocean View, DE
- Typical home value: $532,880
- 1-year price change: -0.5%
- 5-year price change: +22.4%
#7. Bishopville, MD
- Typical home value: $548,113
- 1-year price change: +2.4%
- 5-year price change: +28.1%
#6. Lewes, DE
- Typical home value: $588,290
- 1-year price change: -0.2%
- 5-year price change: +23.9%
#5. Rehoboth Beach, DE
- Typical home value: $797,506
- 1-year price change: +1.9%
- 5-year price change: +23.0%
#4. Bethany Beach, DE
- Typical home value: $848,592
- 1-year price change: +0.5%
- 5-year price change: +8.5%
#3. Fenwick Island, DE
- Typical home value: $938,434
- 1-year price change: +3.0%
- 5-year price change: +38.3%
#2. Dewey Beach, DE
- Typical home value: $1,020,596
- 1-year price change: +1.4%
- 5-year price change: +6.6%
#1. South Bethany, DE
- Typical home value: $1,185,852
- 1-year price change: +7.0%
- 5-year price change: +23.7%