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Cities with the most expensive homes in Burlington, North Carolina 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. Given the current state of the real estate market, plays a determining role for buyers. As of April 4, 2023, the sits at 6.3%. As a result of higher mortgage rates across the board, home prices have risen significantly. The typical home value in the United States increased over the last year by 4.4% to $328,604.

Although home prices have inflated all across the U.S., there are definitely certain areas that have a higher price tag than others. Location, size, age, and condition are all contributing factors to home value. Whether you choose to hold off your home-buying plans in hopes of the market cooling down or are looking to buy ASAP, it's good to educate yourself on the market in different cities.

compiled a list of cities with the most expensive homes in BurlingtonNC using data from . Cities are ranked by the Zillow Home Values Index for all homes as of February 2023. The ZVHI represents a seasonally adjusted price for the middle market for all homes. All 9 cities and towns with data available were included in the list. Charts for each city show the monthly typical home value since January 2018.

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#9. Haw River, NC

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#9. Haw River, NC

- Typical home value: $188,004
- 1-year price change: +15.4%
- 5-year price change: +72.8%

#8. Burlington, NC

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#8. Burlington, NC

- Typical home value: $201,441
- 1-year price change: +13.2%
- 5-year price change: +74.6%

#7. Glen Raven, NC

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#7. Glen Raven, NC

- Typical home value: $226,285
- 1-year price change: +13.1%
- 5-year price change: +65.4%

#6. Graham, NC

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#6. Graham, NC

- Typical home value: $228,430
- 1-year price change: +12.9%
- 5-year price change: +75.1%

#4. Swepsonville, NC

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#4. Swepsonville, NC

- Typical home value: $278,525
- 1-year price change: +10.7%
- 5-year price change: +56.8%

#3. Elon, NC

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#3. Elon, NC

- Typical home value: $306,280
- 1-year price change: +8.2%
- 5-year price change: +50.9%

#2. Mebane, NC

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#2. Mebane, NC

- Typical home value: $322,025
- 1-year price change: +9.3%
- 5-year price change: +59.7%

#1. Alamance, NC

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#1. Alamance, NC

- Typical home value: $376,117
- 1-year price change: +6.7%
- 5-year price change: data not available