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Cities with the most expensive homes in the Medford 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. 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 Medford 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.

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#14. Butte Falls, OR

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#14. Butte Falls, OR

- Typical home value: $290,295
- 1-year price change: +2.1%
- 5-year price change: +5.8%

#13. Prospect, OR

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#13. Prospect, OR

- Typical home value: $339,901
- 1-year price change: -1.7%
- 5-year price change: +9.1%

#12. White City, OR

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#12. White City, OR

- Typical home value: $355,611
- 1-year price change: +1.0%
- 5-year price change: +9.1%

#11. Phoenix, OR

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#11. Phoenix, OR

- Typical home value: $398,473
- 1-year price change: +2.5%
- 5-year price change: +8.6%

#10. Medford, OR

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#10. Medford, OR

- Typical home value: $408,210
- 1-year price change: +1.1%
- 5-year price change: +7.6%

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#9. Shady Cove, OR

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#9. Shady Cove, OR

- Typical home value: $417,580
- 1-year price change: -1.0%
- 5-year price change: +2.1%

#8. Central Point, OR

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#8. Central Point, OR

- Typical home value: $418,391
- 1-year price change: +0.6%
- 5-year price change: +7.1%

#7. Talent, OR

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#7. Talent, OR

- Typical home value: $435,792
- 1-year price change: +2.4%
- 5-year price change: +6.4%

#6. Gold Hill, OR

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#6. Gold Hill, OR

- Typical home value: $466,544
- 1-year price change: +2.7%
- 5-year price change: +7.5%

#4. Rogue River, OR

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#4. Rogue River, OR

- Typical home value: $475,816
- 1-year price change: +2.1%
- 5-year price change: +8.7%

#3. Trail, OR

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#3. Trail, OR

- Typical home value: $485,357
- 1-year price change: +1.8%
- 5-year price change: +0.3%

#2. Ashland, OR

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#2. Ashland, OR

- Typical home value: $550,674
- 1-year price change: +2.1%
- 5-year price change: +3.2%

#1. Jacksonville, OR

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#1. Jacksonville, OR

- Typical home value: $602,693
- 1-year price change: +2.5%
- 5-year price change: +5.5%