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 $363,946 in August, 0.0% lower than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 18, the
sits at 6.26%.
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 Gainesville, Georgia metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.
Stacker
#7. Oakwood, GA
- Typical home value: $318,736
- 1-year price change: -1.7%
- 5-year price change: +58.2%
Stacker
#6. Gillsville, GA
- Typical home value: $322,626
- 1-year price change: -0.5%
- 5-year price change: +70.1%
Stacker
#5. Lula, GA
- Typical home value: $322,998
- 1-year price change: +0.1%
- 5-year price change: +66.6%
Stacker
#4. Gainesville, GA
- Typical home value: $367,857
- 1-year price change: -1.9%
- 5-year price change: +56.6%
Stacker
#3. Murrayville, GA
- Typical home value: $379,764
- 1-year price change: -0.5%
- 5-year price change: +55.3%
Stacker
#2. Clermont, GA
- Typical home value: $394,113
- 1-year price change: -0.8%
- 5-year price change: +65.4%
Stacker
#1. Flowery Branch, GA
- Typical home value: $426,026
- 1-year price change: -1.6%
- 5-year price change: +53.6%
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