Cities with the most expensive homes in the Auburn metro area

Cities with the most expensive homes in the Auburn 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, affordability plays a huge role for buyers.

The typical home value in the United States was $363,946 in August, 0.0% lower than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 18, the 30-year fixed mortgage rate sits at 6.26%.

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.

Stacker compiled a list of cities with the most expensive homes in the Auburn metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 4 cities and towns with data available were included in the list.

#4. Smiths Station, AL

- Typical home value: $274,863
- 1-year price change: +1.2%
- 5-year price change: +34.3%

#3. Opelika, AL

- Typical home value: $297,241
- 1-year price change: +2.1%
- 5-year price change: +34.9%

#2. Salem, AL

- Typical home value: $320,680
- 1-year price change: +3.9%
- 5-year price change: +40.9%

#1. Auburn, AL

- Typical home value: $402,778
- 1-year price change: +3.2%
- 5-year price change: +39.5%