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Cities with the most expensive homes in the St. George 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 St. George metro area using data from . Charts show the monthly typical home value since January 2018. All 16 cities and towns with data available were included in the list.

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#16. Central, UT

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#16. Central, UT

- Typical home value: $389,862
- 1-year price change: +0.8%
- 5-year price change: +15.1%

#15. Enterprise, UT

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#15. Enterprise, UT

- Typical home value: $414,051
- 1-year price change: +1.6%
- 5-year price change: +8.8%

#14. La Verkin, UT

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#14. La Verkin, UT

- Typical home value: $433,938
- 1-year price change: -1.4%
- 5-year price change: +14.3%

#13. Pine Valley, UT

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#13. Pine Valley, UT

- Typical home value: $437,491
- 1-year price change: +0.5%
- 5-year price change: +9.4%

#11. Hurricane, UT

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#11. Hurricane, UT

- Typical home value: $500,643
- 1-year price change: -1.6%
- 5-year price change: +9.2%

#10. Saint George, UT

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#10. Saint George, UT

- Typical home value: $517,705
- 1-year price change: -0.8%
- 5-year price change: +8.4%

#9. Santa Clara, UT

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#9. Santa Clara, UT

- Typical home value: $526,876
- 1-year price change: -1.7%
- 5-year price change: +7.9%

#8. Veyo, UT

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#8. Veyo, UT

- Typical home value: $534,231
- 1-year price change: -0.7%
- 5-year price change: +15.6%

#7. Washington, UT

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#7. Washington, UT

- Typical home value: $540,326
- 1-year price change: -0.8%
- 5-year price change: +9.8%

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#6. Apple Valley, UT

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#6. Apple Valley, UT

- Typical home value: $551,788
- 1-year price change: -0.2%
- 5-year price change: +19.4%

#5. Virgin, UT

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#5. Virgin, UT

- Typical home value: $583,403
- 1-year price change: +1.8%
- 5-year price change: +10.8%

#4. Ivins, UT

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#4. Ivins, UT

- Typical home value: $595,300
- 1-year price change: -0.2%
- 5-year price change: +11.9%

#3. Toquerville, UT

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#3. Toquerville, UT

- Typical home value: $603,819
- 1-year price change: -0.3%
- 5-year price change: +13.5%

#1. New Harmony, UT

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#1. New Harmony, UT

- Typical home value: $818,881
- 1-year price change: +1.2%
- 5-year price change: +21.4%