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Cities with the most expensive homes in the Cleveland 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 Cleveland metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 109 cities and towns.

You may also like: The highest-value homes in Cleveland

#30. Homerville, OH

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#30. Homerville, OH

- Typical home value: $382,320
- 1-year price change: +5.4%
- 5-year price change: +38.0%

#29. Medina, OH

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#29. Medina, OH

- Typical home value: $383,034
- 1-year price change: +3.9%
- 5-year price change: +32.0%

#28. Chardon, OH

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#28. Chardon, OH

- Typical home value: $383,664
- 1-year price change: +5.3%
- 5-year price change: +30.9%

#27. Chesterland, OH

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#27. Chesterland, OH

- Typical home value: $391,168
- 1-year price change: +4.2%
- 5-year price change: +30.4%

#25. Concord, OH

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#25. Concord, OH

- Typical home value: $402,228
- 1-year price change: +3.7%
- 5-year price change: +28.0%

#24. Rocky River, OH

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#24. Rocky River, OH

- Typical home value: $403,581
- 1-year price change: +5.2%
- 5-year price change: +34.3%

#23. Litchfield, OH

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#23. Litchfield, OH

- Typical home value: $406,069
- 1-year price change: +3.6%
- 5-year price change: +38.6%

#22. Kirtland, OH

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#22. Kirtland, OH

- Typical home value: $424,184
- 1-year price change: +5.7%
- 5-year price change: +30.8%

#20. Avon Lake, OH

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#20. Avon Lake, OH

- Typical home value: $425,826
- 1-year price change: +4.4%
- 5-year price change: +31.1%

#19. Bay Village, OH

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#19. Bay Village, OH

- Typical home value: $426,195
- 1-year price change: +4.5%
- 5-year price change: +34.4%

#18. Highland Heights, OH

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#18. Highland Heights, OH

- Typical home value: $438,698
- 1-year price change: +3.4%
- 5-year price change: +29.9%

#17. Brecksville, OH

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#17. Brecksville, OH

- Typical home value: $447,557
- 1-year price change: +3.8%
- 5-year price change: +34.0%

#15. Solon, OH

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#15. Solon, OH

- Typical home value: $465,943
- 1-year price change: +3.9%
- 5-year price change: +30.4%

#14. Glenwillow, OH

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#14. Glenwillow, OH

- Typical home value: $470,133
- 1-year price change: +6.9%
- 5-year price change: +36.7%

#13. Avon, OH

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#13. Avon, OH

- Typical home value: $477,408
- 1-year price change: +4.8%
- 5-year price change: +33.0%

#12. Valley City, OH

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#12. Valley City, OH

- Typical home value: $491,180
- 1-year price change: +4.9%
- 5-year price change: +33.9%

#10. Hinckley, OH

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#10. Hinckley, OH

- Typical home value: $515,444
- 1-year price change: +4.2%
- 5-year price change: +32.9%

#9. Chagrin Falls, OH

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#9. Chagrin Falls, OH

- Typical home value: $523,392
- 1-year price change: +5.6%
- 5-year price change: +36.9%

#8. Orange, OH

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#8. Orange, OH

- Typical home value: $576,251
- 1-year price change: +5.5%
- 5-year price change: +31.9%

#7. Pepper Pike, OH

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#7. Pepper Pike, OH

- Typical home value: $729,897
- 1-year price change: +5.1%
- 5-year price change: +32.6%

#5. Kirtland Hills, OH

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#5. Kirtland Hills, OH

- Typical home value: $794,279
- 1-year price change: +6.4%
- 5-year price change: +36.4%

#4. Gates Mills, OH

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#4. Gates Mills, OH

- Typical home value: $803,749
- 1-year price change: +5.8%
- 5-year price change: +33.6%

#3. Waite Hill, OH

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#3. Waite Hill, OH

- Typical home value: $816,278
- 1-year price change: +6.0%
- 5-year price change: +31.0%

#2. Bentleyville, OH

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#2. Bentleyville, OH

- Typical home value: $892,289
- 1-year price change: +7.0%
- 5-year price change: +36.6%