Cities with the most expensive homes in the Mobile metro area
Published 3:51 pm Thursday, October 26, 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 $350,091 in September, 2.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of Oct. 19, the 30-year fixed mortgage rate sits at 7.63%. 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 using data from Zillow. Charts show the monthly typical home value since January 2018.
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#21. Prichard, AL
– Typical home value: $43,024
– 1-year price change: -0.9%
– 5-year price change: +8.7%
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#20. Bayou La Batre, AL
– Typical home value: $73,617
– 1-year price change: -4.7%
– 5-year price change: +16.4%
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#19. Chickasaw, AL
– Typical home value: $99,980
– 1-year price change: +5.6%
– 5-year price change: +56.5%
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#18. Mount Vernon, AL
– Typical home value: $101,524
– 1-year price change: -1.3%
– 5-year price change: +27.0%
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#17. Silas, AL
– Typical home value: $105,444
– 1-year price change: -2.6%
– 5-year price change: +17.8%
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#16. Millry, AL
– Typical home value: $146,389
– 1-year price change: -0.6%
– 5-year price change: +36.2%
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#15. Coden, AL
– Typical home value: $156,586
– 1-year price change: -1.1%
– 5-year price change: +44.3%
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#14. Citronelle, AL
– Typical home value: $162,412
– 1-year price change: +3.1%
– 5-year price change: +44.5%
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#13. Eight Mile, AL
– Typical home value: $163,859
– 1-year price change: +2.8%
– 5-year price change: +53.2%
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#12. Irvington, AL
– Typical home value: $181,171
– 1-year price change: +3.2%
– 5-year price change: +52.2%
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#11. Mobile, AL
– Typical home value: $184,464
– 1-year price change: +3.3%
– 5-year price change: +50.9%
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#10. Axis, AL
– Typical home value: $191,183
– 1-year price change: +5.9%
– 5-year price change: +56.4%
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#9. Theodore, AL
– Typical home value: $192,430
– 1-year price change: +3.1%
– 5-year price change: +52.8%
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#8. Wilmer, AL
– Typical home value: $204,221
– 1-year price change: +4.7%
– 5-year price change: +51.2%
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#7. Grand Bay, AL
– Typical home value: $204,287
– 1-year price change: +3.1%
– 5-year price change: +46.0%
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#6. Creola, AL
– Typical home value: $204,796
– 1-year price change: +6.0%
– 5-year price change: +54.3%
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#5. Chunchula, AL
– Typical home value: $214,785
– 1-year price change: +3.7%
– 5-year price change: +50.6%
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#4. Saraland, AL
– Typical home value: $221,356
– 1-year price change: +4.9%
– 5-year price change: +51.0%
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#3. Satsuma, AL
– Typical home value: $228,699
– 1-year price change: +5.2%
– 5-year price change: +54.4%
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#2. Semmes, AL
– Typical home value: $231,901
– 1-year price change: +4.6%
– 5-year price change: +50.4%
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#1. Dauphin Island, AL
– Typical home value: $479,104
– 1-year price change: +1.5%
– 5-year price change: +73.7%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.