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Cities with the fastest growing home prices in Decatur 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 Decatur, 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 16 cities and towns with data available were included in the list.

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Stacker

#16. North Courtland, North Courtland

– 1-year price change: +$12,484 (+18.3%)
– 5-year price change: +$26,803 (+49.6%)
– Typical home value: $80,845 (#16 most expensive city in metro)

Stacker

#15. Courtland, Courtland

– 1-year price change: +$14,197 (+13.6%)
– 5-year price change: +$39,849 (+50.4%)
– Typical home value: $118,868 (#15 most expensive city in metro)

Stacker

#14. Hillsboro, Hillsboro

– 1-year price change: +$15,107 (+13.5%)
– 5-year price change: +$40,212 (+46.1%)
– Typical home value: $127,391 (#14 most expensive city in metro)

Stacker

#13. Mount Hope, Mount Hope

– 1-year price change: +$16,589 (+12.8%)
– 5-year price change: +$43,312 (+42.2%)
– Typical home value: $145,945 (#13 most expensive city in metro)

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#12. Valhermoso Springs, Valhermoso Springs

– 1-year price change: +$17,185 (+12.4%)
– 5-year price change: +$46,285 (+42.1%)
– Typical home value: $156,223 (#10 most expensive city in metro)

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#11. Town Creek, Town Creek

– 1-year price change: +$19,291 (+14.2%)
– 5-year price change: +$49,158 (+46.5%)
– Typical home value: $154,840 (#11 most expensive city in metro)

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#10. Somerville, Somerville

– 1-year price change: +$21,593 (+17.0%)
– 5-year price change: +$53,661 (+56.3%)
– Typical home value: $148,928 (#12 most expensive city in metro)

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#9. Moulton, Moulton

– 1-year price change: +$24,421 (+15.6%)
– 5-year price change: +$58,241 (+47.6%)
– Typical home value: $180,491 (#8 most expensive city in metro)

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#8. Trinity, Trinity

– 1-year price change: +$28,740 (+15.3%)
– 5-year price change: +$76,838 (+54.8%)
– Typical home value: $217,066 (#4 most expensive city in metro)

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#7. Decatur, Decatur

– 1-year price change: +$30,349 (+18.3%)
– 5-year price change: +$76,959 (+64.7%)
– Typical home value: $195,995 (#7 most expensive city in metro)

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#6. Falkville, Falkville

– 1-year price change: +$31,370 (+21.3%)
– 5-year price change: +$65,430 (+57.7%)
– Typical home value: $178,806 (#9 most expensive city in metro)

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#5. Laceys Spring, Laceys Spring

– 1-year price change: +$34,024 (+17.6%)
– 5-year price change: +$80,392 (+54.6%)
– Typical home value: $227,620 (#2 most expensive city in metro)

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#4. Danville, Danville

– 1-year price change: +$34,779 (+21.3%)
– 5-year price change: +$71,104 (+55.9%)
– Typical home value: $198,409 (#6 most expensive city in metro)

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#3. Eva, Eva

– 1-year price change: +$36,894 (+21.9%)
– 5-year price change: +$74,426 (+56.7%)
– Typical home value: $205,647 (#5 most expensive city in metro)

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#2. Hartselle, Hartselle

– 1-year price change: +$39,416 (+21.5%)
– 5-year price change: +$86,854 (+63.9%)
– Typical home value: $222,852 (#3 most expensive city in metro)

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#1. Priceville, Priceville

– 1-year price change: +$50,842 (+19.8%)
– 5-year price change: +$123,873 (+67.4%)
– Typical home value: $307,791 (#1 most expensive city in metro)