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 $367,369 in June, 0.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 17, the
[ 30-year fixed mortgage rate ]
sits at 6.75%.
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 Rome metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 5 cities and towns with data available were included in the list.
Stacker
#5. Lindale, GA
- Typical home value: $190,570
- 1-year price change: +1.3%
- 5-year price change: +57.0%
Stacker
#4. Rome, GA
- Typical home value: $230,603
- 1-year price change: +1.2%
- 5-year price change: +52.1%
Stacker
#3. Cave Spring, GA
- Typical home value: $238,155
- 1-year price change: +0.7%
- 5-year price change: +41.8%
Stacker
#2. Silver Creek, GA
- Typical home value: $243,330
- 1-year price change: +1.5%
- 5-year price change: +53.7%
Stacker
#1. Armuchee, GA
- Typical home value: $277,760
- 1-year price change: +3.3%
- 5-year price change: +47.3%