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Cities with the most expensive homes in the Lebanon 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 Lebanon metro area using data from . Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.

You may also like: Cities with the fastest-growing home prices in the Lebanon metro area

#7. Lebanon, PA

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1 / 7

#7. Lebanon, PA

- Typical home value: $293,060
- 1-year price change: +5.1%
- 5-year price change: +41.5%

#6. Myerstown, PA

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2 / 7

#6. Myerstown, PA

- Typical home value: $326,085
- 1-year price change: +5.6%
- 5-year price change: +34.1%

#5. Jonestown, PA

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3 / 7

#5. Jonestown, PA

- Typical home value: $331,827
- 1-year price change: +6.3%
- 5-year price change: +36.9%

#4. Newmanstown, PA

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4 / 7

#4. Newmanstown, PA

- Typical home value: $346,356
- 1-year price change: +5.6%
- 5-year price change: +36.4%

#2. Fredericksburg, PA

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6 / 7

#2. Fredericksburg, PA

- Typical home value: $358,595
- 1-year price change: +7.7%
- 5-year price change: +40.2%

#1. Mount Gretna, PA

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7 / 7

#1. Mount Gretna, PA

- Typical home value: $434,318
- 1-year price change: +5.6%
- 5-year price change: +45.2%