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Cities with the most expensive homes in the Provo metro area

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Volodymyr Kyrylyuk // Shutterstock
Volodymyr Kyrylyuk // 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 Provo metro area using data from . Charts show the monthly typical home value since January 2018. All 26 cities and towns with data available were included in the list.

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#26. Delta, UT

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#26. Delta, UT

- Typical home value: $351,161
- 1-year price change: +3.2%
- 5-year price change: +36.9%

#25. Nephi, UT

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#25. Nephi, UT

- Typical home value: $453,783
- 1-year price change: +3.6%
- 5-year price change: +16.3%

#24. Goshen, UT

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#24. Goshen, UT

- Typical home value: $458,074
- 1-year price change: +4.3%
- 5-year price change: data not available

#23. Payson, UT

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#23. Payson, UT

- Typical home value: $471,307
- 1-year price change: +1.6%
- 5-year price change: +15.6%

#21. Santaquin, UT

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#21. Santaquin, UT

- Typical home value: $494,691
- 1-year price change: +1.8%
- 5-year price change: +14.5%

#20. Orem, UT

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#20. Orem, UT

- Typical home value: $501,606
- 1-year price change: +3.0%
- 5-year price change: +15.6%

#19. Eagle Mountain, UT

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#19. Eagle Mountain, UT

- Typical home value: $504,093
- 1-year price change: -0.2%
- 5-year price change: +3.9%

#18. Springville, UT

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#18. Springville, UT

- Typical home value: $504,734
- 1-year price change: +1.9%
- 5-year price change: +15.0%

#16. American Fork, UT

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#16. American Fork, UT

- Typical home value: $523,873
- 1-year price change: +2.1%
- 5-year price change: +12.3%

#15. Vineyard, UT

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#15. Vineyard, UT

- Typical home value: $523,988
- 1-year price change: +1.2%
- 5-year price change: +4.3%

#14. Pleasant Grove, UT

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#14. Pleasant Grove, UT

- Typical home value: $551,600
- 1-year price change: +2.2%
- 5-year price change: +14.8%

#13. Saratoga Springs, UT

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#13. Saratoga Springs, UT

- Typical home value: $552,914
- 1-year price change: +0.4%
- 5-year price change: +7.7%

#12. Lehi, UT

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#12. Lehi, UT

- Typical home value: $569,889
- 1-year price change: +1.6%
- 5-year price change: +10.9%

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#11. Mona, UT

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#11. Mona, UT

- Typical home value: $588,912
- 1-year price change: +6.0%
- 5-year price change: +21.1%

#10. Salem, UT

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#10. Salem, UT

- Typical home value: $602,056
- 1-year price change: +3.0%
- 5-year price change: +17.5%

#9. Cedar Hills, UT

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#9. Cedar Hills, UT

- Typical home value: $668,551
- 1-year price change: +2.6%
- 5-year price change: +13.8%

#8. Elk Ridge, UT

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#8. Elk Ridge, UT

- Typical home value: $695,013
- 1-year price change: +3.8%
- 5-year price change: +17.5%

#6. Lindon, UT

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#6. Lindon, UT

- Typical home value: $728,148
- 1-year price change: +4.8%
- 5-year price change: +19.5%

#5. Genola, UT

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#5. Genola, UT

- Typical home value: $822,763
- 1-year price change: +4.6%
- 5-year price change: +19.9%

#4. Woodland Hills, UT

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#4. Woodland Hills, UT

- Typical home value: $854,126
- 1-year price change: +2.6%
- 5-year price change: +17.1%

#3. Highland, UT

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#3. Highland, UT

- Typical home value: $974,274
- 1-year price change: +5.2%
- 5-year price change: +23.5%

#1. West Mountain, UT

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#1. West Mountain, UT

- Typical home value: $1,251,399
- 1-year price change: +3.7%
- 5-year price change: data not available