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Cities with the fastest growing home prices in Gadsden metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not 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 Gadsden, AL metro area using data from Zillow. Cities are ranked by 1-year price change as of August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 12 cities and towns with data available were included in the list.

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Stacker

#12. Gadsden, Alabama

– 1-year price change: +$10,372 (+17.8%)
– 5-year price change: +$21,403 (+45.2%)
– Typical home value: $68,752 (#12 most expensive city in metro)

Stacker

#11. Southside, Alabama

– 1-year price change: +$11,132 (+5.4%)
– 5-year price change: +$63,108 (+40.6%)
– Typical home value: $218,365 (#1 most expensive city in metro)

Stacker

#10. Attalla, Alabama

– 1-year price change: +$16,633 (+20.4%)
– 5-year price change: +$47,131 (+92.3%)
– Typical home value: $98,175 (#11 most expensive city in metro)

Stacker

#9. Boaz, Alabama

– 1-year price change: +$17,005 (+12.1%)
– 5-year price change: +$62,092 (+64.8%)
– Typical home value: $157,904 (#8 most expensive city in metro)

Stacker

#8. Reece City, Alabama

– 1-year price change: +$21,493 (+20.3%)
– 5-year price change: +$46,764 (+57.9%)
– Typical home value: $127,493 (#10 most expensive city in metro)

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#7. Hokes Bluff, Alabama

– 1-year price change: +$24,321 (+17.1%)
– 5-year price change: +$61,522 (+58.4%)
– Typical home value: $166,810 (#6 most expensive city in metro)

Stacker

#6. Glencoe, Alabama

– 1-year price change: +$25,037 (+17.4%)
– 5-year price change: +$58,550 (+53.1%)
– Typical home value: $168,867 (#5 most expensive city in metro)

Stacker

#5. Mountainboro, Alabama

– 1-year price change: +$26,489 (+24.9%)
– 5-year price change: +$60,947 (+84.9%)
– Typical home value: $132,712 (#9 most expensive city in metro)

Stacker

#4. Sardis City, Alabama

– 1-year price change: +$28,941 (+19.2%)
– 5-year price change: +$69,102 (+62.5%)
– Typical home value: $179,653 (#3 most expensive city in metro)

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#3. Altoona, Alabama

– 1-year price change: +$30,473 (+23.2%)
– 5-year price change: +$84,272 (+108.5%)
– Typical home value: $161,947 (#7 most expensive city in metro)

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#2. Rainbow City, Alabama

– 1-year price change: +$31,562 (+17.9%)
– 5-year price change: +$77,472 (+59.2%)
– Typical home value: $208,299 (#2 most expensive city in metro)

Stacker

#1. Gallant, Alabama

– 1-year price change: +$34,019 (+23.8%)
– 5-year price change: +$85,823 (+93.9%)
– Typical home value: $177,195 (#4 most expensive city in metro)