Cities with the most expensive homes in the Harrisonburg metro area
Cities with the most expensive homes in the Harrisonburg 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 $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the sits at 6.55%.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 Harrisonburg metro area using data from . Charts show the monthly typical home value since January 2018. All 15 cities and towns with data available were included in the list.
#15. Hinton, VA
- Typical home value: $262,458
- 1-year price change: +3.2%
- 5-year price change: +23.3%
#14. Fulks Run, VA
- Typical home value: $291,327
- 1-year price change: +0.4%
- 5-year price change: data not available
#13. Timberville, VA
- Typical home value: $294,204
- 1-year price change: +3.8%
- 5-year price change: +33.4%
#12. Broadway, VA
- Typical home value: $324,051
- 1-year price change: +2.5%
- 5-year price change: +32.5%
#11. Elkton, VA
- Typical home value: $325,354
- 1-year price change: +2.6%
- 5-year price change: +30.2%
#10. New Market, VA
- Typical home value: $341,421
- 1-year price change: +2.1%
- 5-year price change: +31.2%
#9. Singers Glen, VA
- Typical home value: $352,243
- 1-year price change: +1.0%
- 5-year price change: data not available
#8. Harrisonburg, VA
- Typical home value: $356,744
- 1-year price change: +4.2%
- 5-year price change: +21.3%
#7. Dayton, VA
- Typical home value: $368,528
- 1-year price change: +2.5%
- 5-year price change: +29.4%
#6. Linville, VA
- Typical home value: $372,233
- 1-year price change: +2.1%
- 5-year price change: +27.0%
#5. Bridgewater, VA
- Typical home value: $378,343
- 1-year price change: +0.9%
- 5-year price change: +26.5%
#4. Mount Crawford, VA
- Typical home value: $413,080
- 1-year price change: +4.4%
- 5-year price change: +31.2%
#3. Port Republic, VA
- Typical home value: $414,811
- 1-year price change: +5.9%
- 5-year price change: +29.8%
#2. McGaheysville, VA
- Typical home value: $432,758
- 1-year price change: +1.2%
- 5-year price change: +42.6%
#1. Penn Laird, VA
- Typical home value: $489,653
- 1-year price change: +2.6%
- 5-year price change: +31.2%