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 $361,371 in February, 0.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 19, the sits at 6.22%.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: $301,641
- 1-year price change: +0.0%
- 5-year price change: +24.4%
#29. Parsonsburg, MD
- Typical home value: $302,064
- 1-year price change: +2.3%
- 5-year price change: +35.8%
#28. Hebron, MD
- Typical home value: $303,919
- 1-year price change: +2.7%
- 5-year price change: +37.5%
#27. Seaford, DE
- Typical home value: $305,354
- 1-year price change: +1.1%
- 5-year price change: +24.6%
#26. Eden, MD
- Typical home value: $319,917
- 1-year price change: -1.4%
- 5-year price change: +21.8%
#25. Delmar, DE
- Typical home value: $327,184
- 1-year price change: -3.5%
- 5-year price change: +19.9%
#24. Ellendale, DE
- Typical home value: $335,100
- 1-year price change: -0.8%
- 5-year price change: +28.3%
#23. Newark, MD
- Typical home value: $347,412
- 1-year price change: -1.9%
- 5-year price change: +30.3%
#22. Lincoln, DE
- Typical home value: $347,552
- 1-year price change: -0.1%
- 5-year price change: +39.0%
#21. Whaleyville, MD
- Typical home value: $347,758
- 1-year price change: +0.3%
- 5-year price change: data not available
#20. Bethel, DE
- Typical home value: $349,728
- 1-year price change: +2.8%
- 5-year price change: +26.2%
#19. Bridgeville, DE
- Typical home value: $352,343
- 1-year price change: +0.5%
- 5-year price change: +25.3%
#18. Georgetown, DE
- Typical home value: $359,102
- 1-year price change: -0.1%
- 5-year price change: +25.5%
#17. Millsboro, DE
- Typical home value: $391,354
- 1-year price change: -1.1%
- 5-year price change: +17.9%
#16. Dagsboro, DE
- Typical home value: $426,761
- 1-year price change: +1.1%
- 5-year price change: +29.4%
#15. Berlin, MD
- Typical home value: $434,987
- 1-year price change: -1.6%
- 5-year price change: +32.9%
#14. Ocean City, MD
- Typical home value: $436,988
- 1-year price change: -3.6%
- 5-year price change: +36.9%
#13. Frankford, DE
- Typical home value: $466,267
- 1-year price change: -3.2%
- 5-year price change: +25.7%
#12. Milton, DE
- Typical home value: $467,367
- 1-year price change: +0.3%
- 5-year price change: +32.4%
#11. Slaughter Beach, DE
- Typical home value: $472,002
- 1-year price change: +8.2%
- 5-year price change: +59.9%
#10. Harbeson, DE
- Typical home value: $517,462
- 1-year price change: -1.7%
- 5-year price change: +27.2%
#9. Selbyville, DE
- Typical home value: $520,772
- 1-year price change: +0.1%
- 5-year price change: +30.5%
#8. Ocean View, DE
- Typical home value: $525,044
- 1-year price change: -0.7%
- 5-year price change: +25.0%
#7. Bishopville, MD
- Typical home value: $532,526
- 1-year price change: +2.0%
- 5-year price change: +29.9%
#6. Lewes, DE
- Typical home value: $579,037
- 1-year price change: -0.3%
- 5-year price change: +25.8%
#5. Rehoboth Beach, DE
- Typical home value: $795,948
- 1-year price change: +1.6%
- 5-year price change: +24.5%
#4. Bethany Beach, DE
- Typical home value: $837,365
- 1-year price change: -0.4%
- 5-year price change: +10.1%
#3. Fenwick Island, DE
- Typical home value: $934,289
- 1-year price change: +2.5%
- 5-year price change: +40.5%
#2. Dewey Beach, DE
- Typical home value: $1,052,730
- 1-year price change: -0.7%
- 5-year price change: +7.9%
#1. South Bethany, DE
- Typical home value: $1,177,315
- 1-year price change: +7.1%
- 5-year price change: +26.6%