Cities with the fastest growing home prices in Montgomery metro area
Published 12:20 am Friday, January 20, 2023
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Cities with the fastest growing home prices in Montgomery metro area
It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.
The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.
Stacker compiled a list of cities with the fastest-growing home prices in Montgomery, AL metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 24 cities and towns with data available were included in the list.
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Stacker
#24. White Hall, AL
– 1-year price change: +$2,352 (+3.6%)
– 5-year price change: +$7,278 (+12.2%)
– Typical home value: $66,818 (#23 most expensive city in metro)
Stacker
#23. Mosses, AL
– 1-year price change: +$7,468 (+15.1%)
– 5-year price change: +$17,568 (+44.7%)
– Typical home value: $56,850 (#24 most expensive city in metro)
Stacker
#22. Fort Deposit, AL
– 1-year price change: +$8,602 (+9.3%)
– 5-year price change: +$26,918 (+36.1%)
– Typical home value: $101,507 (#21 most expensive city in metro)
Stacker
#21. Lapine, AL
– 1-year price change: +$11,723 (+11.2%)
– 5-year price change: +$33,289 (+40.2%)
– Typical home value: $116,086 (#20 most expensive city in metro)
Stacker
#20. Hayneville, AL
– 1-year price change: +$12,402 (+14.3%)
– 5-year price change: +$25,376 (+34.3%)
– Typical home value: $99,314 (#22 most expensive city in metro)
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Stacker
#19. Autaugaville, AL
– 1-year price change: +$13,492 (+5.7%)
– 5-year price change: +$34,425 (+15.8%)
– Typical home value: $251,654 (#5 most expensive city in metro)
Stacker
#18. Billingsley, AL
– 1-year price change: +$14,887 (+6.3%)
– 5-year price change: +$53,401 (+27.2%)
– Typical home value: $249,429 (#7 most expensive city in metro)
Stacker
#17. Letohatchee, AL
– 1-year price change: +$17,489 (+15.8%)
– 5-year price change: +$37,211 (+40.9%)
– Typical home value: $128,119 (#19 most expensive city in metro)
Stacker
#16. Montgomery, AL
– 1-year price change: +$17,520 (+14.5%)
– 5-year price change: +$47,094 (+51.7%)
– Typical home value: $138,113 (#17 most expensive city in metro)
Stacker
#15. Jones, AL
– 1-year price change: +$17,691 (+9.9%)
– 5-year price change: +$37,695 (+23.9%)
– Typical home value: $195,622 (#12 most expensive city in metro)
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Stacker
#14. Millbrook, AL
– 1-year price change: +$18,396 (+11.0%)
– 5-year price change: +$53,731 (+40.6%)
– Typical home value: $185,971 (#14 most expensive city in metro)
Stacker
#13. Prattville, AL
– 1-year price change: +$18,809 (+8.3%)
– 5-year price change: +$57,740 (+30.8%)
– Typical home value: $245,198 (#8 most expensive city in metro)
Stacker
#12. Grady, AL
– 1-year price change: +$18,870 (+15.9%)
– 5-year price change: +$53,623 (+64.0%)
– Typical home value: $137,467 (#18 most expensive city in metro)
Stacker
#11. Coosada, AL
– 1-year price change: +$18,898 (+11.2%)
– 5-year price change: +$57,739 (+44.3%)
– Typical home value: $188,036 (#13 most expensive city in metro)
Stacker
#10. Tallassee, AL
– 1-year price change: +$20,036 (+14.2%)
– 5-year price change: +$53,050 (+49.0%)
– Typical home value: $161,371 (#16 most expensive city in metro)
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Stacker
#9. Elmore, AL
– 1-year price change: +$20,786 (+11.2%)
– 5-year price change: +$62,244 (+43.1%)
– Typical home value: $206,560 (#11 most expensive city in metro)
Stacker
#8. Wetumpka, AL
– 1-year price change: +$24,315 (+11.2%)
– 5-year price change: +$73,389 (+43.7%)
– Typical home value: $241,504 (#9 most expensive city in metro)
Stacker
#7. Deatsville, AL
– 1-year price change: +$25,226 (+10.9%)
– 5-year price change: +$78,157 (+43.8%)
– Typical home value: $256,405 (#4 most expensive city in metro)
Stacker
#6. Ramer, AL
– 1-year price change: +$25,964 (+16.9%)
– 5-year price change: +$66,126 (+58.2%)
– Typical home value: $179,839 (#15 most expensive city in metro)
Stacker
#5. Marbury, AL
– 1-year price change: +$26,217 (+11.7%)
– 5-year price change: +$65,772 (+35.8%)
– Typical home value: $249,553 (#6 most expensive city in metro)
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Stacker
#4. Hope Hull, AL
– 1-year price change: +$27,967 (+13.6%)
– 5-year price change: +$76,892 (+48.8%)
– Typical home value: $234,333 (#10 most expensive city in metro)
Stacker
#3. Titus, AL
– 1-year price change: +$34,165 (+13.3%)
– 5-year price change: +$106,659 (+57.8%)
– Typical home value: $291,120 (#3 most expensive city in metro)
Stacker
#2. Eclectic, AL
– 1-year price change: +$35,996 (+11.5%)
– 5-year price change: +$127,536 (+57.4%)
– Typical home value: $349,608 (#2 most expensive city in metro)
Stacker
#1. Pike Road, AL
– 1-year price change: +$37,812 (+11.0%)
– 5-year price change: +$93,962 (+32.6%)
– Typical home value: $382,123 (#1 most expensive city in metro)