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1 / 18#18. Rich Creek, VA
- Typical home value: $167,479
- 1-year price change: +5.0%
- 5-year price change: +27.4%
Cities with the most expensive homes in the Blacksburg metro area
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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 Blacksburg metro area using data from . Charts show the monthly typical home value since January 2018. All 18 cities and towns with data available were included in the list.
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2 / 18#17. Narrows, VA
- Typical home value: $174,070
- 1-year price change: +9.7%
- 5-year price change: +24.1%
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3 / 18#16. Pulaski, VA
- Typical home value: $175,451
- 1-year price change: +1.9%
- 5-year price change: +8.6%
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4 / 18#15. Ripplemead, VA
- Typical home value: $194,572
- 1-year price change: +10.7%
- 5-year price change: +29.2%
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5 / 18#14. Staffordsville, VA
- Typical home value: $218,771
- 1-year price change: +8.4%
- 5-year price change: +18.5%
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6 / 18#13. Pembroke, VA
- Typical home value: $223,395
- 1-year price change: +9.0%
- 5-year price change: +24.8%
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7 / 18#12. Pearisburg, VA
- Typical home value: $225,056
- 1-year price change: +9.0%
- 5-year price change: +34.1%
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8 / 18#11. Hiwassee, VA
- Typical home value: $230,353
- 1-year price change: +8.4%
- 5-year price change: +6.4%
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9 / 18#10. Shawsville, VA
- Typical home value: $242,130
- 1-year price change: +4.5%
- 5-year price change: +24.0%
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10 / 18#9. Elliston, VA
- Typical home value: $249,464
- 1-year price change: +3.4%
- 5-year price change: +25.0%
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11 / 18#8. Draper, VA
- Typical home value: $249,809
- 1-year price change: +5.8%
- 5-year price change: +21.6%
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12 / 18#7. Dublin, VA
- Typical home value: $250,105
- 1-year price change: +5.4%
- 5-year price change: +22.8%
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13 / 18#6. Pilot, VA
- Typical home value: $254,339
- 1-year price change: +0.7%
- 5-year price change: -3.4%
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14 / 18#5. Radford, VA
- Typical home value: $271,087
- 1-year price change: +3.2%
- 5-year price change: +20.0%
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15 / 18#4. Christiansburg, VA
- Typical home value: $305,502
- 1-year price change: +3.0%
- 5-year price change: +25.3%
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16 / 18#3. Newport, VA
- Typical home value: $306,523
- 1-year price change: +7.8%
- 5-year price change: +36.5%
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17 / 18#2. Riner, VA
- Typical home value: $346,356
- 1-year price change: +5.1%
- 5-year price change: +24.0%
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18 / 18#1. Blacksburg, VA
- Typical home value: $416,520
- 1-year price change: +2.5%
- 5-year price change: +18.0%
