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Cities with the most expensive homes in the Grand Island metro area

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FOTOGRIN // Shutterstock
FOTOGRIN // 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 Grand Island 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: How much house does $500,000 buy you in Grand Island?

#14. Silver Creek, NE

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#14. Silver Creek, NE

- Typical home value: $203,866
- 1-year price change: -1.3%
- 5-year price change: +29.6%

#13. Central City, NE

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#13. Central City, NE

- Typical home value: $207,139
- 1-year price change: +3.4%
- 5-year price change: +30.2%

#12. Wolbach, NE

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#12. Wolbach, NE

- Typical home value: $213,126
- 1-year price change: +5.1%
- 5-year price change: +13.8%

#11. Saint Paul, NE

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#11. Saint Paul, NE

- Typical home value: $214,945
- 1-year price change: +1.1%
- 5-year price change: +28.9%

#9. Grand Island, NE

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#9. Grand Island, NE

- Typical home value: $253,838
- 1-year price change: -0.2%
- 5-year price change: +25.1%

#8. Palmer, NE

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#8. Palmer, NE

- Typical home value: $283,133
- 1-year price change: +5.0%
- 5-year price change: +45.1%

#7. Cairo, NE

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#7. Cairo, NE

- Typical home value: $287,234
- 1-year price change: +1.1%
- 5-year price change: +26.6%

#6. Farwell, NE

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#6. Farwell, NE

- Typical home value: $297,219
- 1-year price change: +6.4%
- 5-year price change: +33.9%

#4. Chapman, NE

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#4. Chapman, NE

- Typical home value: $322,958
- 1-year price change: +8.1%
- 5-year price change: +49.2%

#3. Dannebrog, NE

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#3. Dannebrog, NE

- Typical home value: $325,688
- 1-year price change: +6.7%
- 5-year price change: +29.7%

#2. Doniphan, NE

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#2. Doniphan, NE

- Typical home value: $352,212
- 1-year price change: +3.9%
- 5-year price change: +27.7%

#1. Saint Libory, NE

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#1. Saint Libory, NE

- Typical home value: $359,179
- 1-year price change: +7.9%
- 5-year price change: +38.6%