Cities with the most expensive homes in the Roanoke 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 $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 Roanoke metro area using data from . Charts show the monthly typical home value since January 2018. All 22 cities and towns with data available were included in the list.

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#22. Eagle Rock, VA

- Typical home value: $142,336
- 1-year price change: +8.5%
- 5-year price change: -4.2%

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#21. Covington, VA

- Typical home value: $168,868
- 1-year price change: +5.3%
- 5-year price change: +35.8%

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#20. New Castle, VA

- Typical home value: $216,660
- 1-year price change: +5.6%
- 5-year price change: +22.6%

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#19. Buchanan, VA

- Typical home value: $219,134
- 1-year price change: +4.5%
- 5-year price change: +13.8%

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#18. Henry, VA

- Typical home value: $224,307
- 1-year price change: +4.3%
- 5-year price change: +25.8%

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#17. Copper Hill, VA

- Typical home value: $250,752
- 1-year price change: +17.1%
- 5-year price change: +54.3%

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#16. Ferrum, VA

- Typical home value: $260,370
- 1-year price change: +5.1%
- 5-year price change: +37.5%

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#15. Rocky Mount, VA

- Typical home value: $276,448
- 1-year price change: +5.0%
- 5-year price change: +38.4%

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#14. Roanoke, VA

- Typical home value: $279,227
- 1-year price change: +2.6%
- 5-year price change: +33.4%

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#13. Cloverdale, VA

- Typical home value: $301,962
- 1-year price change: +2.8%
- 5-year price change: +26.3%

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#12. Salem, VA

- Typical home value: $310,395
- 1-year price change: +4.1%
- 5-year price change: +31.6%

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#11. Gladehill, VA

- Typical home value: $311,380
- 1-year price change: +4.9%
- 5-year price change: +39.5%

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#10. Callaway, VA

- Typical home value: $326,528
- 1-year price change: +6.2%
- 5-year price change: +32.0%

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#9. Fincastle, VA

- Typical home value: $329,451
- 1-year price change: +6.5%
- 5-year price change: +21.0%

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#8. Boones Mill, VA

- Typical home value: $332,171
- 1-year price change: +5.5%
- 5-year price change: +35.9%

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#7. Bent Mountain, VA

- Typical home value: $344,287
- 1-year price change: +5.2%
- 5-year price change: +43.2%

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#6. Troutville, VA

- Typical home value: $348,420
- 1-year price change: +3.7%
- 5-year price change: +21.0%

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#5. Catawba, VA

- Typical home value: $363,664
- 1-year price change: +8.1%
- 5-year price change: +35.7%

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#4. Daleville, VA

- Typical home value: $438,116
- 1-year price change: +1.0%
- 5-year price change: +20.9%

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#3. Wirtz, VA

- Typical home value: $438,757
- 1-year price change: +2.3%
- 5-year price change: +29.6%

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#2. Penhook, VA

- Typical home value: $501,810
- 1-year price change: +2.0%
- 5-year price change: +21.7%

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#1. Union Hall, VA

- Typical home value: $862,244
- 1-year price change: +2.4%
- 5-year price change: +42.8%

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