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Cities with the fastest growing home prices in Auburn 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 Auburn-Opelika, 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 4 cities and towns with data available were included in the list.

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Stacker

#4. Smiths Station, Smiths Station

– 1-year price change: +$34,375 (+16.8%)
– 5-year price change: +$80,045 (+50.4%)
– Typical home value: $238,922 (#4 most expensive city in metro)

Stacker

#3. Opelika, Opelika

– 1-year price change: +$39,117 (+18.4%)
– 5-year price change: +$87,415 (+53.3%)
– Typical home value: $251,348 (#3 most expensive city in metro)

Stacker

#2. Salem, Salem

– 1-year price change: +$42,647 (+18.2%)
– 5-year price change: +$107,769 (+63.7%)
– Typical home value: $277,074 (#2 most expensive city in metro)

Stacker

#1. Auburn, Auburn

– 1-year price change: +$55,787 (+19.1%)
– 5-year price change: +$121,863 (+54.1%)
– Typical home value: $347,106 (#1 most expensive city in metro)