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 $356,776 in January, 2.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of February 20, the
sits at 6.85%.
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. Gillsville, GA
- Typical home value: $313,568
- 1-year price change: +4.0%
- 5-year price change: +80.9%
Stacker
#6. Oakwood, GA
- Typical home value: $314,324
- 1-year price change: +2.4%
- 5-year price change: +65.8%
Stacker
#5. Lula, GA
- Typical home value: $316,795
- 1-year price change: +2.9%
- 5-year price change: +75.9%
Stacker
#4. Gainesville, GA
- Typical home value: $363,740
- 1-year price change: +2.8%
- 5-year price change: +64.0%
Stacker
#3. Murrayville, GA
- Typical home value: $370,086
- 1-year price change: +4.9%
- 5-year price change: +64.7%
Stacker
#2. Clermont, GA
- Typical home value: $403,815
- 1-year price change: +5.8%
- 5-year price change: +75.8%
Stacker
#1. Flowery Branch, GA
- Typical home value: $421,372
- 1-year price change: +2.4%
- 5-year price change: +61.5%
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