Cities with the most expensive homes in the Cleveland, Tennessee metro area

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, Tennessee metro area using data from . Charts show the monthly typical home value since January 2018. All 12 cities and towns with data available were included in the list.

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#12. Farner, TN

- Typical home value: $182,440
- 1-year price change: +5.5%
- 5-year price change: data not available

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#11. Copperhill, TN

- Typical home value: $212,489
- 1-year price change: +4.9%
- 5-year price change: +23.5%

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#10. Turtletown, TN

- Typical home value: $220,385
- 1-year price change: +3.0%
- 5-year price change: +17.8%

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#9. Reliance, TN

- Typical home value: $230,126
- 1-year price change: +11.5%
- 5-year price change: +21.1%

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#8. Oldfort, TN

- Typical home value: $266,171
- 1-year price change: +8.3%
- 5-year price change: +38.0%

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#7. Benton, TN

- Typical home value: $268,985
- 1-year price change: +7.0%
- 5-year price change: +36.6%

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#6. Delano, TN

- Typical home value: $278,582
- 1-year price change: +10.1%
- 5-year price change: +29.5%

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#5. Cleveland, TN

- Typical home value: $313,361
- 1-year price change: +1.7%
- 5-year price change: +29.9%

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#4. Ocoee, TN

- Typical home value: $315,565
- 1-year price change: +8.2%
- 5-year price change: +36.3%

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#3. Charleston, TN

- Typical home value: $371,539
- 1-year price change: +4.0%
- 5-year price change: +34.3%

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#2. Georgetown, TN

- Typical home value: $378,665
- 1-year price change: +2.9%
- 5-year price change: +28.2%

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#1. Mc Donald, TN

- Typical home value: $431,094
- 1-year price change: +5.3%
- 5-year price change: +38.3%

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