Cities with the most expensive homes in the Niles 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 $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 Niles metro area using data from . Charts show the monthly typical home value since January 2018. All 22 cities and towns with data available were included in the list.

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#22. Benton Harbor, MI

- Typical home value: $160,358
- 1-year price change: +7.0%
- 5-year price change: +19.8%

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#21. Berrien Springs, MI

- Typical home value: $213,899
- 1-year price change: +7.3%
- 5-year price change: +30.1%

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#20. Niles, MI

- Typical home value: $215,484
- 1-year price change: +7.0%
- 5-year price change: +23.7%

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#19. Sodus, MI

- Typical home value: $233,039
- 1-year price change: +4.7%
- 5-year price change: +8.3%

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#18. Buchanan, MI

- Typical home value: $236,855
- 1-year price change: +7.1%
- 5-year price change: +27.5%

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#17. Watervliet, MI

- Typical home value: $240,038
- 1-year price change: +9.1%
- 5-year price change: +20.2%

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#16. Coloma, MI

- Typical home value: $256,096
- 1-year price change: +8.3%
- 5-year price change: +30.4%

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#15. Galien, MI

- Typical home value: $256,939
- 1-year price change: +10.7%
- 5-year price change: +31.9%

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#14. Baroda, MI

- Typical home value: $260,873
- 1-year price change: +4.5%
- 5-year price change: data not available

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#13. Eau Claire, MI

- Typical home value: $266,065
- 1-year price change: +10.0%
- 5-year price change: +29.8%

You may also like: Where people in Niles are looking to buy homes

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#12. Berrien Center, MI

- Typical home value: $301,265
- 1-year price change: +10.4%
- 5-year price change: +23.6%

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#11. Oronoko, MI

- Typical home value: $324,486
- 1-year price change: +6.2%
- 5-year price change: +31.1%

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#10. Bridgman, MI

- Typical home value: $325,083
- 1-year price change: +6.6%
- 5-year price change: +20.5%

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#9. Stevensville, MI

- Typical home value: $339,136
- 1-year price change: +6.1%
- 5-year price change: +40.5%

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#8. Saint Joseph, MI

- Typical home value: $341,093
- 1-year price change: +5.8%
- 5-year price change: +29.5%

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#7. Three Oaks, MI

- Typical home value: $344,867
- 1-year price change: +12.9%
- 5-year price change: +32.2%

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#6. Lake, MI

- Typical home value: $376,430
- 1-year price change: +6.9%
- 5-year price change: +33.0%

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#5. Sawyer, MI

- Typical home value: $449,427
- 1-year price change: +11.7%
- 5-year price change: +39.8%

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#4. New Buffalo, MI

- Typical home value: $676,597
- 1-year price change: +8.4%
- 5-year price change: +37.3%

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#3. Union Pier, MI

- Typical home value: $805,579
- 1-year price change: +6.9%
- 5-year price change: +40.4%

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#2. Harbert, MI

- Typical home value: $855,165
- 1-year price change: +14.3%
- 5-year price change: +48.6%

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#1. Lakeside, MI

- Typical home value: $898,536
- 1-year price change: +9.2%
- 5-year price change: +31.8%

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