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1 / 28#28. Brookneal, VA
- Typical home value: $167,551
- 1-year price change: +6.0%
- 5-year price change: +29.6%
Cities with the most expensive homes in the Lynchburg 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 Lynchburg metro area using data from . Charts show the monthly typical home value since January 2018. All 28 cities and towns with data available were included in the list.
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2 / 28#27. Big Island, VA
- Typical home value: $195,070
- 1-year price change: +0.5%
- 5-year price change: +6.7%
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3 / 28#26. Altavista, VA
- Typical home value: $204,232
- 1-year price change: +0.3%
- 5-year price change: +31.1%
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4 / 28#25. Gladys, VA
- Typical home value: $219,032
- 1-year price change: +4.7%
- 5-year price change: +27.6%
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5 / 28#24. Pamplin, VA
- Typical home value: $224,078
- 1-year price change: +7.3%
- 5-year price change: +14.2%
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6 / 28#23. Thaxton, VA
- Typical home value: $229,187
- 1-year price change: +6.4%
- 5-year price change: +33.1%
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7 / 28#22. Lynch Station, VA
- Typical home value: $232,921
- 1-year price change: +5.0%
- 5-year price change: +26.1%
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8 / 28#21. Madison Heights, VA
- Typical home value: $248,188
- 1-year price change: +0.6%
- 5-year price change: +24.7%
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9 / 28#20. Gladstone, VA
- Typical home value: $248,613
- 1-year price change: +5.4%
- 5-year price change: +24.3%
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10 / 28#19. Montvale, VA
- Typical home value: $259,827
- 1-year price change: +4.4%
- 5-year price change: +28.2%
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11 / 28#18. Red House, VA
- Typical home value: $259,915
- 1-year price change: +6.1%
- 5-year price change: +23.8%
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12 / 28#17. Lynchburg, VA
- Typical home value: $266,065
- 1-year price change: +0.8%
- 5-year price change: +29.1%
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13 / 28#16. Concord, VA
- Typical home value: $283,913
- 1-year price change: +5.2%
- 5-year price change: +32.4%
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14 / 28#15. Appomattox, VA
- Typical home value: $285,512
- 1-year price change: +8.4%
- 5-year price change: +33.2%
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15 / 28#14. Rustburg, VA
- Typical home value: $286,213
- 1-year price change: +1.7%
- 5-year price change: +31.2%
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16 / 28#13. Vinton, VA
- Typical home value: $287,772
- 1-year price change: +4.3%
- 5-year price change: +35.2%
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17 / 28#12. Bedford, VA
- Typical home value: $289,024
- 1-year price change: +7.6%
- 5-year price change: +31.9%
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18 / 28#11. Amherst, VA
- Typical home value: $297,229
- 1-year price change: +3.9%
- 5-year price change: +27.6%
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19 / 28#10. Monroe, VA
- Typical home value: $297,792
- 1-year price change: +3.3%
- 5-year price change: +23.9%
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20 / 28#9. Spout Spring, VA
- Typical home value: $305,164
- 1-year price change: +9.5%
- 5-year price change: +39.9%
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21 / 28#8. Evington, VA
- Typical home value: $309,288
- 1-year price change: +3.0%
- 5-year price change: +29.2%
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22 / 28#7. Blue Ridge, VA
- Typical home value: $315,043
- 1-year price change: +6.2%
- 5-year price change: +27.3%
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23 / 28#6. Vesuvius, VA
- Typical home value: $321,644
- 1-year price change: +4.4%
- 5-year price change: +30.3%
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24 / 28#5. Goodview, VA
- Typical home value: $322,447
- 1-year price change: +5.3%
- 5-year price change: +40.1%
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25 / 28#4. Forest, VA
- Typical home value: $414,857
- 1-year price change: +2.2%
- 5-year price change: +27.4%
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26 / 28#3. Goode, VA
- Typical home value: $426,052
- 1-year price change: +4.7%
- 5-year price change: +34.7%
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27 / 28#2. Huddleston, VA
- Typical home value: $515,631
- 1-year price change: +4.1%
- 5-year price change: +31.6%
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28 / 28#1. Moneta, VA
- Typical home value: $555,783
- 1-year price change: +3.9%
- 5-year price change: +35.1%
