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 $357,377 in February, 2.1% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of March 20, the 30-year fixed mortgage rate sits at 6.67%.

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: $271,269
– 1-year price change: +3.2%
– 5-year price change: +37.1%

#3. Opelika, AL

– Typical home value: $279,320
– 1-year price change: +3.5%
– 5-year price change: +38.5%

#2. Salem, AL

– Typical home value: $303,087
– 1-year price change: +5.9%
– 5-year price change: +44.1%

#1. Auburn, AL

– Typical home value: $380,048
– 1-year price change: +4.0%
– 5-year price change: +41.4%