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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 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 Gadsden, AL metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 12 cities and towns with data available were included in the list.

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Stacker

#12. Gadsden, AL

– 1-year price change: +$8,747 (+13.3%)
– 5-year price change: +$24,305 (+48.5%)
– Typical home value: $74,403 (#12 most expensive city in metro)

Stacker

#11. Attalla, AL

– 1-year price change: +$13,064 (+13.9%)
– 5-year price change: +$52,908 (+98.0%)
– Typical home value: $106,913 (#11 most expensive city in metro)

Stacker

#10. Reece City, AL

– 1-year price change: +$16,805 (+13.9%)
– 5-year price change: +$50,239 (+57.2%)
– Typical home value: $138,086 (#10 most expensive city in metro)

Stacker

#9. Mountainboro, AL

– 1-year price change: +$18,027 (+14.4%)
– 5-year price change: +$66,665 (+87.2%)
– Typical home value: $143,121 (#9 most expensive city in metro)

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#8. Hokes Bluff, AL

– 1-year price change: +$19,311 (+12.0%)
– 5-year price change: +$65,324 (+57.0%)
– Typical home value: $179,841 (#6 most expensive city in metro)

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#7. Glencoe, AL

– 1-year price change: +$20,175 (+12.4%)
– 5-year price change: +$63,120 (+52.8%)
– Typical home value: $182,575 (#5 most expensive city in metro)

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#6. Boaz, AL

– 1-year price change: +$20,531 (+14.0%)
– 5-year price change: +$65,594 (+64.7%)
– Typical home value: $166,985 (#8 most expensive city in metro)

Stacker

#5. Altoona, AL

– 1-year price change: +$21,778 (+14.2%)
– 5-year price change: +$90,136 (+106.4%)
– Typical home value: $174,833 (#7 most expensive city in metro)

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#4. Gallant, AL

– 1-year price change: +$22,584 (+13.6%)
– 5-year price change: +$90,579 (+92.0%)
– Typical home value: $189,009 (#4 most expensive city in metro)

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#3. Sardis City, AL

– 1-year price change: +$23,611 (+13.8%)
– 5-year price change: +$70,523 (+56.7%)
– Typical home value: $194,965 (#3 most expensive city in metro)

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#2. Rainbow City, AL

– 1-year price change: +$26,151 (+13.1%)
– 5-year price change: +$84,137 (+59.2%)
– Typical home value: $226,156 (#2 most expensive city in metro)

Stacker

#1. Southside, AL

– 1-year price change: +$26,704 (+12.7%)
– 5-year price change: +$68,695 (+40.8%)
– Typical home value: $237,116 (#1 most expensive city in metro)