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Cities with the most expensive homes in the Jackson, Michigan metro area

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ungvar // Shutterstock
ungvar // 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 Jackson, Michigan 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: Cities with the fastest-growing home prices in the Jackson, Michigan metro area

#14. Jackson, MI

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#14. Jackson, MI

- Typical home value: $191,819
- 1-year price change: +2.6%
- 5-year price change: +23.0%

#13. Michigan Center, MI

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#13. Michigan Center, MI

- Typical home value: $207,166
- 1-year price change: +0.7%
- 5-year price change: +24.7%

#12. Springport, MI

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#12. Springport, MI

- Typical home value: $223,307
- 1-year price change: +5.2%
- 5-year price change: +21.1%

#11. Hanover, MI

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#11. Hanover, MI

- Typical home value: $245,696
- 1-year price change: +4.9%
- 5-year price change: +18.2%

#9. Parma, MI

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#9. Parma, MI

- Typical home value: $257,734
- 1-year price change: +4.2%
- 5-year price change: +21.3%

#8. Rives Junction, MI

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#8. Rives Junction, MI

- Typical home value: $259,671
- 1-year price change: +3.2%
- 5-year price change: +22.0%

#7. Munith, MI

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#7. Munith, MI

- Typical home value: $270,939
- 1-year price change: +4.3%
- 5-year price change: +19.8%

#6. Spring Arbor, MI

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#6. Spring Arbor, MI

- Typical home value: $281,052
- 1-year price change: +2.7%
- 5-year price change: +19.8%

#4. Brooklyn, MI

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#4. Brooklyn, MI

- Typical home value: $298,543
- 1-year price change: +2.7%
- 5-year price change: +23.0%

#3. Horton, MI

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#3. Horton, MI

- Typical home value: $306,989
- 1-year price change: +4.3%
- 5-year price change: +20.2%

#2. Clarklake, MI

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#2. Clarklake, MI

- Typical home value: $328,887
- 1-year price change: +4.4%
- 5-year price change: +20.0%

#1. Grass Lake, MI

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#1. Grass Lake, MI

- Typical home value: $346,675
- 1-year price change: +4.2%
- 5-year price change: +24.9%