Cities with the most expensive homes in the Decatur 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 $344,159 in January, 3.6% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of Feb. 22, the 30-year fixed mortgage rate sits at 6.9%.

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 Decatur metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 9 cities and towns with data available were included in the list.

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#9. Falkville, AL

– Typical home value: $181,057
– 1-year price change: +4.2%
– 5-year price change: +47.9%

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#8. Moulton, AL

– Typical home value: $193,909
– 1-year price change: +0.9%
– 5-year price change: +45.4%

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#7. Decatur, AL

– Typical home value: $203,721
– 1-year price change: +3.4%
– 5-year price change: +56.1%

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#6. Danville, AL

– Typical home value: $205,536
– 1-year price change: +0.7%
– 5-year price change: +39.2%

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#5. Eva, AL

– Typical home value: $210,965
– 1-year price change: +4.4%
– 5-year price change: +48.5%

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#4. Laceys Spring, AL

– Typical home value: $221,464
– 1-year price change: +3.0%
– 5-year price change: +36.8%

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#3. Trinity, AL

– Typical home value: $221,985
– 1-year price change: +1.3%
– 5-year price change: +46.1%

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#2. Hartselle, AL

– Typical home value: $228,764
– 1-year price change: +5.1%
– 5-year price change: +51.5%

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#1. Priceville, AL

– Typical home value: $298,661
– 1-year price change: +4.5%
– 5-year price change: +58.4%

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