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 $356,776 in January, 2.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of February 20, the
sits at 6.85%.
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 Rome metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 5 cities and towns with data available were included in the list.
Stacker
#5. Lindale, GA
- Typical home value: $183,789
- 1-year price change: +5.1%
- 5-year price change: +63.2%
Stacker
#4. Rome, GA
- Typical home value: $217,803
- 1-year price change: +3.8%
- 5-year price change: +56.9%
Stacker
#3. Cave Spring, GA
- Typical home value: $227,092
- 1-year price change: +5.6%
- 5-year price change: +47.9%
Stacker
#2. Silver Creek, GA
- Typical home value: $231,659
- 1-year price change: +4.1%
- 5-year price change: +57.8%
Stacker
#1. Armuchee, GA
- Typical home value: $258,959
- 1-year price change: +6.4%
- 5-year price change: +50.6%
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