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Cities with the most expensive homes in the Saginaw 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 Saginaw metro area using data from . Charts show the monthly typical home value since January 2018. All 13 cities and towns with data available were included in the list.

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#13. Saginaw, MI

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#13. Saginaw, MI

- Typical home value: $135,222
- 1-year price change: +5.3%
- 5-year price change: +37.9%

#12. Bridgeport, MI

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#12. Bridgeport, MI

- Typical home value: $175,800
- 1-year price change: +3.8%
- 5-year price change: +36.4%

#11. Oakley, MI

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#11. Oakley, MI

- Typical home value: $194,762
- 1-year price change: +7.3%
- 5-year price change: +26.4%

#10. Saint Charles, MI

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#10. Saint Charles, MI

- Typical home value: $206,694
- 1-year price change: +5.0%
- 5-year price change: +33.5%

#9. Merrill, MI

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#9. Merrill, MI

- Typical home value: $210,265
- 1-year price change: +5.7%
- 5-year price change: +37.7%

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#8. Burt, MI

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#8. Burt, MI

- Typical home value: $213,417
- 1-year price change: +4.3%
- 5-year price change: +39.3%

#7. Brant, MI

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#7. Brant, MI

- Typical home value: $215,364
- 1-year price change: +7.7%
- 5-year price change: +23.4%

#6. Chesaning, MI

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#6. Chesaning, MI

- Typical home value: $217,787
- 1-year price change: +6.7%
- 5-year price change: +41.6%

#5. Reese, MI

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#5. Reese, MI

- Typical home value: $223,556
- 1-year price change: +5.2%
- 5-year price change: +23.8%

#3. Hemlock, MI

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#3. Hemlock, MI

- Typical home value: $250,266
- 1-year price change: +4.6%
- 5-year price change: +31.3%

#2. Freeland, MI

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#2. Freeland, MI

- Typical home value: $307,293
- 1-year price change: +6.8%
- 5-year price change: +37.0%

#1. Frankenmuth, MI

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#1. Frankenmuth, MI

- Typical home value: $324,698
- 1-year price change: +2.4%
- 5-year price change: +22.5%