Cities with the fastest growing home prices in Montgomery metro area
Published 3:22 pm Wednesday, November 23, 2022
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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 September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 24 cities and towns with data available were included in the list.
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Stacker
#24. White Hall, White Hall
– 1-year price change: +$5,763 (+9.8%)
– 5-year price change: +$8,219 (+14.5%)
– Typical home value: $64,850 (#23 most expensive city in metro)
Stacker
#23. Mosses, Mosses
– 1-year price change: +$7,517 (+15.7%)
– 5-year price change: +$12,463 (+29.0%)
– Typical home value: $55,411 (#24 most expensive city in metro)
Stacker
#22. Lapine, Lapine
– 1-year price change: +$8,572 (+8.4%)
– 5-year price change: +$28,345 (+34.4%)
– Typical home value: $110,823 (#20 most expensive city in metro)
Stacker
#21. Autaugaville, Autaugaville
– 1-year price change: +$10,564 (+4.3%)
– 5-year price change: +$34,817 (+15.8%)
– Typical home value: $255,350 (#5 most expensive city in metro)
Stacker
#20. Fort Deposit, Fort Deposit
– 1-year price change: +$10,855 (+12.0%)
– 5-year price change: +$26,845 (+35.9%)
– Typical home value: $101,578 (#21 most expensive city in metro)
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Stacker
#19. Hayneville, Hayneville
– 1-year price change: +$11,663 (+14.8%)
– 5-year price change: +$21,689 (+31.5%)
– Typical home value: $90,559 (#22 most expensive city in metro)
Stacker
#18. Millbrook, Millbrook
– 1-year price change: +$14,726 (+9.0%)
– 5-year price change: +$47,536 (+36.2%)
– Typical home value: $178,837 (#14 most expensive city in metro)
Stacker
#17. Jones, Jones
– 1-year price change: +$15,058 (+8.5%)
– 5-year price change: +$34,120 (+21.5%)
– Typical home value: $192,831 (#12 most expensive city in metro)
Stacker
#16. Letohatchee, Letohatchee
– 1-year price change: +$15,811 (+14.8%)
– 5-year price change: +$31,850 (+35.1%)
– Typical home value: $122,514 (#19 most expensive city in metro)
Stacker
#15. Coosada, Coosada
– 1-year price change: +$17,659 (+10.7%)
– 5-year price change: +$52,245 (+39.8%)
– Typical home value: $183,445 (#13 most expensive city in metro)
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Stacker
#14. Grady, Grady
– 1-year price change: +$18,514 (+16.0%)
– 5-year price change: +$45,960 (+52.0%)
– Typical home value: $134,265 (#18 most expensive city in metro)
Stacker
#13. Elmore, Elmore
– 1-year price change: +$19,999 (+10.9%)
– 5-year price change: +$58,092 (+40.1%)
– Typical home value: $203,115 (#11 most expensive city in metro)
Stacker
#12. Prattville, Prattville
– 1-year price change: +$20,474 (+9.1%)
– 5-year price change: +$58,167 (+31.0%)
– Typical home value: $245,590 (#8 most expensive city in metro)
Stacker
#11. Tallassee, Tallassee
– 1-year price change: +$20,945 (+14.8%)
– 5-year price change: +$51,257 (+46.2%)
– Typical home value: $162,114 (#16 most expensive city in metro)
Stacker
#10. Wetumpka, Wetumpka
– 1-year price change: +$21,285 (+9.9%)
– 5-year price change: +$67,549 (+40.0%)
– Typical home value: $236,353 (#10 most expensive city in metro)
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Stacker
#9. Montgomery, Montgomery
– 1-year price change: +$21,997 (+19.0%)
– 5-year price change: +$45,640 (+49.5%)
– Typical home value: $137,880 (#17 most expensive city in metro)
Stacker
#8. Billingsley, Billingsley
– 1-year price change: +$23,257 (+10.0%)
– 5-year price change: +$56,777 (+28.5%)
– Typical home value: $256,317 (#4 most expensive city in metro)
Stacker
#7. Ramer, Ramer
– 1-year price change: +$24,877 (+16.7%)
– 5-year price change: +$56,402 (+48.1%)
– Typical home value: $173,715 (#15 most expensive city in metro)
Stacker
#6. Deatsville, Deatsville
– 1-year price change: +$25,553 (+11.3%)
– 5-year price change: +$74,193 (+41.6%)
– Typical home value: $252,545 (#6 most expensive city in metro)
Stacker
#5. Marbury, Marbury
– 1-year price change: +$27,422 (+12.6%)
– 5-year price change: +$62,966 (+34.4%)
– Typical home value: $245,909 (#7 most expensive city in metro)
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Stacker
#4. Titus, Titus
– 1-year price change: +$32,870 (+12.9%)
– 5-year price change: +$100,797 (+53.7%)
– Typical home value: $288,588 (#3 most expensive city in metro)
Stacker
#3. Hope Hull, Hope Hull
– 1-year price change: +$32,936 (+16.2%)
– 5-year price change: +$74,464 (+45.9%)
– Typical home value: $236,715 (#9 most expensive city in metro)
Stacker
#2. Eclectic, Eclectic
– 1-year price change: +$36,967 (+11.9%)
– 5-year price change: +$121,760 (+53.6%)
– Typical home value: $348,823 (#2 most expensive city in metro)
Stacker
#1. Pike Road, Pike Road
– 1-year price change: +$51,704 (+15.6%)
– 5-year price change: +$92,576 (+31.9%)
– Typical home value: $382,990 (#1 most expensive city in metro)