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Cities with the most expensive homes in the Muskegon 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 Muskegon 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. Muskegon Heights, MI

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#15. Muskegon Heights, MI

- Typical home value: $90,377
- 1-year price change: -0.5%
- 5-year price change: +30.0%

#14. Muskegon, MI

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#14. Muskegon, MI

- Typical home value: $193,180
- 1-year price change: +2.6%
- 5-year price change: +28.2%

#13. Wolf Lake, MI

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#13. Wolf Lake, MI

- Typical home value: $223,447
- 1-year price change: +4.5%
- 5-year price change: +23.9%

#12. Lakewood Club, MI

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#12. Lakewood Club, MI

- Typical home value: $230,059
- 1-year price change: +1.9%
- 5-year price change: +37.3%

#10. Holton, MI

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#10. Holton, MI

- Typical home value: $261,767
- 1-year price change: +6.9%
- 5-year price change: +26.5%

#9. Montague, MI

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#9. Montague, MI

- Typical home value: $282,688
- 1-year price change: +5.2%
- 5-year price change: +27.0%

#8. Norton Shores, MI

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#8. Norton Shores, MI

- Typical home value: $298,233
- 1-year price change: +3.4%
- 5-year price change: +24.4%

#7. Bailey, MI

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#7. Bailey, MI

- Typical home value: $302,475
- 1-year price change: +6.6%
- 5-year price change: +25.6%

#6. Ravenna, MI

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#6. Ravenna, MI

- Typical home value: $304,112
- 1-year price change: +5.9%
- 5-year price change: +27.4%

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#5. Casnovia, MI

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#5. Casnovia, MI

- Typical home value: $318,174
- 1-year price change: +7.5%
- 5-year price change: +29.8%

#4. North Muskegon, MI

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#4. North Muskegon, MI

- Typical home value: $321,975
- 1-year price change: +5.0%
- 5-year price change: +27.3%

#3. Whitehall, MI

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#3. Whitehall, MI

- Typical home value: $339,976
- 1-year price change: +5.3%
- 5-year price change: +27.6%

#2. Fruitport, MI

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#2. Fruitport, MI

- Typical home value: $342,385
- 1-year price change: +6.3%
- 5-year price change: +28.1%