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 $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the sits at 6.55%.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. Hebron, MD
- Typical home value: $313,415
- 1-year price change: +1.6%
- 5-year price change: +29.5%
#29. Parsonsburg, MD
- Typical home value: $315,984
- 1-year price change: +4.3%
- 5-year price change: +28.8%
#28. Eden, MD
- Typical home value: $317,606
- 1-year price change: -0.2%
- 5-year price change: +16.1%
#27. Laurel, DE
- Typical home value: $319,993
- 1-year price change: +0.7%
- 5-year price change: +18.5%
#26. Seaford, DE
- Typical home value: $321,108
- 1-year price change: +1.7%
- 5-year price change: +18.8%
#25. Delmar, DE
- Typical home value: $344,838
- 1-year price change: -1.8%
- 5-year price change: +12.7%
#24. Ellendale, DE
- Typical home value: $357,911
- 1-year price change: +0.4%
- 5-year price change: +22.8%
#23. Whaleyville, MD
- Typical home value: $361,554
- 1-year price change: +2.4%
- 5-year price change: data not available
#22. Newark, MD
- Typical home value: $362,968
- 1-year price change: +0.4%
- 5-year price change: +22.7%
#21. Bethel, DE
- Typical home value: $366,142
- 1-year price change: -1.7%
- 5-year price change: +14.7%
#20. Lincoln, DE
- Typical home value: $366,749
- 1-year price change: +0.8%
- 5-year price change: +31.3%
#19. Bridgeville, DE
- Typical home value: $369,976
- 1-year price change: +0.8%
- 5-year price change: +17.5%
#18. Georgetown, DE
- Typical home value: $380,545
- 1-year price change: +0.2%
- 5-year price change: +18.2%
#17. Millsboro, DE
- Typical home value: $404,063
- 1-year price change: -1.5%
- 5-year price change: +9.1%
#16. Ocean City, MD
- Typical home value: $444,692
- 1-year price change: -2.4%
- 5-year price change: +23.4%
#15. Berlin, MD
- Typical home value: $445,044
- 1-year price change: -1.3%
- 5-year price change: +23.4%
#14. Dagsboro, DE
- Typical home value: $447,943
- 1-year price change: +1.1%
- 5-year price change: +20.2%
#13. Frankford, DE
- Typical home value: $481,321
- 1-year price change: -2.2%
- 5-year price change: +15.8%
#12. Milton, DE
- Typical home value: $481,418
- 1-year price change: +0.2%
- 5-year price change: +22.2%
#11. Harbeson, DE
- Typical home value: $537,222
- 1-year price change: -0.3%
- 5-year price change: +19.7%
#10. Ocean View, DE
- Typical home value: $543,936
- 1-year price change: -0.3%
- 5-year price change: +14.9%
#9. Selbyville, DE
- Typical home value: $547,456
- 1-year price change: +0.9%
- 5-year price change: +20.0%
#8. Bishopville, MD
- Typical home value: $554,829
- 1-year price change: +2.3%
- 5-year price change: +21.7%
#7. Slaughter Beach, DE
- Typical home value: $571,651
- 1-year price change: +9.3%
- 5-year price change: +50.6%
#6. Lewes, DE
- Typical home value: $596,133
- 1-year price change: -0.1%
- 5-year price change: +17.3%
#5. Rehoboth Beach, DE
- Typical home value: $808,064
- 1-year price change: +2.2%
- 5-year price change: +14.7%
#4. Bethany Beach, DE
- Typical home value: $936,753
- 1-year price change: +2.6%
- 5-year price change: +2.2%
#3. Fenwick Island, DE
- Typical home value: $1,041,603
- 1-year price change: +4.3%
- 5-year price change: +30.2%
#2. Dewey Beach, DE
- Typical home value: $1,153,021
- 1-year price change: +6.4%
- 5-year price change: +0.5%
#1. South Bethany, DE
- Typical home value: $1,237,626
- 1-year price change: +8.6%
- 5-year price change: +17.5%