Cities with the most expensive homes in the Gadsden 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 $350,091 in September, 2.1% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of Oct. 19, the 30-year fixed mortgage rate sits at 7.63%. 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 Gadsden using data from Zillow. Charts show the monthly typical home value since January 2018.

Stacker

#10. Gadsden, AL

– Typical home value: $91,070
– 1-year price change: -7.2%
– 5-year price change: +19.9%

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#9. Attalla, AL

– Typical home value: $126,593
– 1-year price change: -3.8%
– 5-year price change: +47.6%

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#8. Altoona, AL

– Typical home value: $179,587
– 1-year price change: -4.3%
– 5-year price change: +44.1%

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#7. Boaz, AL

– Typical home value: $187,302
– 1-year price change: -0.3%
– 5-year price change: +53.7%

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#6. Glencoe, AL

– Typical home value: $196,689
– 1-year price change: -0.1%
– 5-year price change: +50.5%

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#5. Hokes Bluff, AL

– Typical home value: $202,704
– 1-year price change: -0.7%
– 5-year price change: +49.3%

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#4. Gallant, AL

– Typical home value: $205,692
– 1-year price change: -3.2%
– 5-year price change: +38.9%

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#3. Sardis City, AL

– Typical home value: $219,040
– 1-year price change: +3.1%
– 5-year price change: +57.7%

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#2. Rainbow City, AL

– Typical home value: $235,112
– 1-year price change: +1.6%
– 5-year price change: +51.7%

Stacker

#1. Southside, AL

– Typical home value: $256,425
– 1-year price change: +2.7%
– 5-year price change: +54.0%

This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.