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Cities with the fastest growing home prices in Florence 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 Florence-Muscle Shoals, 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 14 cities and towns with data available were included in the list.

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Stacker

#14. Russellville, Russellville

– 1-year price change: +$15,165 (+13.9%)
– 5-year price change: +$36,531 (+41.5%)
– Typical home value: $124,483 (#10 most expensive city in metro)

Stacker

#13. Sheffield, Sheffield

– 1-year price change: +$15,967 (+20.5%)
– 5-year price change: +$31,254 (+49.9%)
– Typical home value: $93,825 (#14 most expensive city in metro)

Stacker

#12. Cherokee, Cherokee

– 1-year price change: +$17,643 (+19.6%)
– 5-year price change: +$29,459 (+37.7%)
– Typical home value: $107,701 (#13 most expensive city in metro)

Stacker

#11. Leighton, Leighton

– 1-year price change: +$18,650 (+18.1%)
– 5-year price change: +$29,459 (data not available)
– Typical home value: $121,640 (#11 most expensive city in metro)

Stacker

#10. Littleville, Littleville

– 1-year price change: +$19,557 (+20.3%)
– 5-year price change: +$29,459 (data not available)
– Typical home value: $115,882 (#12 most expensive city in metro)

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Stacker

#9. Waterloo, Waterloo

– 1-year price change: +$22,769 (+18.4%)
– 5-year price change: +$58,404 (+66.1%)
– Typical home value: $146,805 (#9 most expensive city in metro)

Stacker

#8. Tuscumbia, Tuscumbia

– 1-year price change: +$25,704 (+19.3%)
– 5-year price change: +$52,765 (+49.7%)
– Typical home value: $159,027 (#8 most expensive city in metro)

Stacker

#7. Florence, Florence

– 1-year price change: +$28,191 (+18.9%)
– 5-year price change: +$68,728 (+63.3%)
– Typical home value: $177,271 (#7 most expensive city in metro)

Stacker

#6. Lexington, Lexington

– 1-year price change: +$28,364 (+18.7%)
– 5-year price change: +$67,947 (+60.4%)
– Typical home value: $180,356 (#6 most expensive city in metro)

Stacker

#5. Rogersville, Rogersville

– 1-year price change: +$32,959 (+20.0%)
– 5-year price change: +$73,638 (+59.3%)
– Typical home value: $197,921 (#5 most expensive city in metro)

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Stacker

#4. Muscle Shoals, Muscle Shoals

– 1-year price change: +$37,363 (+20.2%)
– 5-year price change: +$74,968 (+50.7%)
– Typical home value: $222,737 (#3 most expensive city in metro)

Stacker

#3. Killen, Killen

– 1-year price change: +$37,972 (+18.9%)
– 5-year price change: +$89,897 (+60.5%)
– Typical home value: $238,598 (#2 most expensive city in metro)

Stacker

#2. Anderson, Anderson

– 1-year price change: +$39,319 (+23.6%)
– 5-year price change: +$80,692 (+64.3%)
– Typical home value: $206,266 (#4 most expensive city in metro)

Stacker

#1. Saint Florian, Saint Florian

– 1-year price change: +$57,009 (+19.3%)
– 5-year price change: +$133,598 (+61.2%)
– Typical home value: $352,011 (#1 most expensive city in metro)