Cities with the most expensive homes in the Mobile metro area
Published 3:23 pm Thursday, September 28, 2023
Cities with the most expensive homes in the Mobile metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights affordability plays a huge role for buyers.
The typical home value in the United States was a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.
Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Mobile metro area using data fromĀ Zillow. Charts show the monthly typical home value since January 2018.
Stacker
#21. Prichard, AL
– Typical home value: $41,394
– 1-year price change: -1.1%
– 5-year price change: +9.2%
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#20. Bayou La Batre, AL
– Typical home value: $73,590
– 1-year price change: -4.8%
– 5-year price change: +17.1%
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#19. Mount Vernon, AL
– Typical home value: $97,273
– 1-year price change: -0.7%
– 5-year price change: +28.9%
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#18. Chickasaw, AL
– Typical home value: $99,992
– 1-year price change: +6.6%
– 5-year price change: +56.5%
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#17. Silas, AL
– Typical home value: $102,757
– 1-year price change: -3.9%
– 5-year price change: +18.4%
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#16. Millry, AL
– Typical home value: $141,694
– 1-year price change: -1.6%
– 5-year price change: +35.7%
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#15. Coden, AL
– Typical home value: $157,794
– 1-year price change: -0.3%
– 5-year price change: +45.8%
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#14. Citronelle, AL
– Typical home value: $161,699
– 1-year price change: +3.4%
– 5-year price change: +45.8%
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#13. Eight Mile, AL
– Typical home value: $163,587
– 1-year price change: +2.6%
– 5-year price change: +53.9%
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#12. Irvington, AL
– Typical home value: $181,742
– 1-year price change: +4.1%
– 5-year price change: +54.3%
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#11. Mobile, AL
– Typical home value: $184,251
– 1-year price change: +3.5%
– 5-year price change: +51.7%
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#10. Axis, AL
– Typical home value: $191,660
– 1-year price change: +6.8%
– 5-year price change: +58.3%
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#9. Theodore, AL
– Typical home value: $192,350
– 1-year price change: +3.6%
– 5-year price change: +54.7%
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#8. Wilmer, AL
– Typical home value: $203,276
– 1-year price change: +4.5%
– 5-year price change: +52.6%
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#7. Grand Bay, AL
– Typical home value: $204,882
– 1-year price change: +3.3%
– 5-year price change: +47.2%
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#6. Creola, AL
– Typical home value: $207,843
– 1-year price change: +6.3%
– 5-year price change: +56.0%
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#5. Chunchula, AL
– Typical home value: $216,170
– 1-year price change: +3.5%
– 5-year price change: +51.5%
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#4. Saraland, AL
– Typical home value: $222,408
– 1-year price change: +4.8%
– 5-year price change: +51.2%
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#3. Satsuma, AL
– Typical home value: $231,420
– 1-year price change: +5.4%
– 5-year price change: +54.7%
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#2. Semmes, AL
– Typical home value: $232,007
– 1-year price change: +4.6%
– 5-year price change: +51.5%
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#1. Dauphin Island, AL
– Typical home value: $481,168
– 1-year price change: +1.5%
– 5-year price change: +75.9%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.