Cities with the most expensive homes in the Memphis 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 Memphis metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 48 cities and towns.

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#30. Gilt Edge, TN

- Typical home value: $232,406
- 1-year price change: +2.7%
- 5-year price change: data not available

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#29. Millington, TN

- Typical home value: $239,609
- 1-year price change: +2.0%
- 5-year price change: +25.1%

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#28. Marion, AR

- Typical home value: $239,668
- 1-year price change: +3.2%
- 5-year price change: +28.7%

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#27. Sarah, MS

- Typical home value: $244,275
- 1-year price change: +4.3%
- 5-year price change: +20.0%

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#26. Senatobia, MS

- Typical home value: $249,229
- 1-year price change: +5.5%
- 5-year price change: +26.4%

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#25. Coldwater, MS

- Typical home value: $257,396
- 1-year price change: +3.7%
- 5-year price change: +25.3%

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#24. Walls, MS

- Typical home value: $258,439
- 1-year price change: +1.5%
- 5-year price change: +20.5%

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#23. Red Banks, MS

- Typical home value: $262,071
- 1-year price change: +0.8%
- 5-year price change: +16.7%

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#22. Brighton, TN

- Typical home value: $270,831
- 1-year price change: +0.8%
- 5-year price change: +27.1%

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#21. Drummonds, TN

- Typical home value: $271,205
- 1-year price change: +3.0%
- 5-year price change: +30.3%

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#20. Southaven, MS

- Typical home value: $273,007
- 1-year price change: +1.5%
- 5-year price change: +19.8%

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#19. Byhalia, MS

- Typical home value: $275,455
- 1-year price change: +1.6%
- 5-year price change: +19.2%

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#18. Munford, TN

- Typical home value: $287,522
- 1-year price change: +1.5%
- 5-year price change: +29.9%

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#17. Moscow, TN

- Typical home value: $292,609
- 1-year price change: +4.8%
- 5-year price change: +23.6%

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#16. Somerville, TN

- Typical home value: $295,420
- 1-year price change: +3.4%
- 5-year price change: +28.2%

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#15. Cordova, TN

- Typical home value: $299,780
- 1-year price change: -1.9%
- 5-year price change: +13.0%

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#14. Bartlett, TN

- Typical home value: $320,892
- 1-year price change: -0.9%
- 5-year price change: +15.3%

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#13. Olive Branch, MS

- Typical home value: $332,043
- 1-year price change: +1.0%
- 5-year price change: +15.5%

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#12. Williston, TN

- Typical home value: $336,874
- 1-year price change: +4.2%
- 5-year price change: +27.0%

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#11. Hernando, MS

- Typical home value: $344,819
- 1-year price change: +2.2%
- 5-year price change: +17.6%

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#10. Atoka, TN

- Typical home value: $350,873
- 1-year price change: +0.9%
- 5-year price change: +26.2%

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#9. Oakland, TN

- Typical home value: $352,101
- 1-year price change: -2.1%
- 5-year price change: +18.5%

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#8. Nesbit, MS

- Typical home value: $357,040
- 1-year price change: +2.4%
- 5-year price change: +17.8%

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#7. Arlington, TN

- Typical home value: $407,320
- 1-year price change: -1.7%
- 5-year price change: +14.2%

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#6. Lakeland, TN

- Typical home value: $448,503
- 1-year price change: -1.1%
- 5-year price change: +17.7%

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#5. Germantown, TN

- Typical home value: $485,907
- 1-year price change: -1.0%
- 5-year price change: +14.0%

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#4. Collierville, TN

- Typical home value: $505,746
- 1-year price change: -1.4%
- 5-year price change: +15.7%

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#3. Rossville, TN

- Typical home value: $539,726
- 1-year price change: -1.5%
- 5-year price change: +21.6%

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#2. Hickory Withe, TN

- Typical home value: $563,109
- 1-year price change: -1.0%
- 5-year price change: +17.9%

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30 / 30

#1. Piperton, TN

- Typical home value: $672,372
- 1-year price change: -1.8%
- 5-year price change: +19.6%

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