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 $361,371 in February, 0.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 19, the sits at 6.22%.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: $249,620
- 1-year price change: +1.8%
- 5-year price change: +28.1%
#14. Fulks Run, VA
- Typical home value: $274,709
- 1-year price change: -2.2%
- 5-year price change: data not available
#13. Timberville, VA
- Typical home value: $283,157
- 1-year price change: +3.0%
- 5-year price change: +39.0%
#12. Broadway, VA
- Typical home value: $312,422
- 1-year price change: +2.2%
- 5-year price change: +38.6%
#11. Elkton, VA
- Typical home value: $312,545
- 1-year price change: +1.6%
- 5-year price change: +35.6%
#10. New Market, VA
- Typical home value: $327,122
- 1-year price change: -0.3%
- 5-year price change: +36.8%
#9. Singers Glen, VA
- Typical home value: $332,960
- 1-year price change: +0.8%
- 5-year price change: data not available
#8. Harrisonburg, VA
- Typical home value: $342,099
- 1-year price change: +4.2%
- 5-year price change: +26.1%
#7. Linville, VA
- Typical home value: $350,342
- 1-year price change: +1.4%
- 5-year price change: +32.2%
#6. Dayton, VA
- Typical home value: $354,525
- 1-year price change: +3.5%
- 5-year price change: +36.8%
#5. Bridgewater, VA
- Typical home value: $368,752
- 1-year price change: +2.1%
- 5-year price change: +33.6%
#4. Port Republic, VA
- Typical home value: $392,586
- 1-year price change: +5.2%
- 5-year price change: +35.7%
#3. Mount Crawford, VA
- Typical home value: $397,732
- 1-year price change: +4.5%
- 5-year price change: +36.6%
#2. McGaheysville, VA
- Typical home value: $414,772
- 1-year price change: +1.9%
- 5-year price change: +50.1%
#1. Penn Laird, VA
- Typical home value: $470,772
- 1-year price change: +4.3%
- 5-year price change: +37.7%