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 $367,965 in July, 0.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of August 21, the
[ 30-year fixed mortgage rate ]
sits at 6.58%.
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: $322,538
- 1-year price change: -1.1%
- 5-year price change: +60.3%
Stacker
#6. Gillsville, GA
- Typical home value: $325,845
- 1-year price change: +0.1%
- 5-year price change: +73.1%
Stacker
#5. Lula, GA
- Typical home value: $325,877
- 1-year price change: +0.6%
- 5-year price change: +69.1%
Stacker
#4. Gainesville, GA
- Typical home value: $371,306
- 1-year price change: -1.4%
- 5-year price change: +58.4%
Stacker
#3. Murrayville, GA
- Typical home value: $383,159
- 1-year price change: +0.1%
- 5-year price change: +57.6%
Stacker
#2. Clermont, GA
- Typical home value: $398,996
- 1-year price change: +0.1%
- 5-year price change: +68.8%
Stacker
#1. Flowery Branch, GA
- Typical home value: $430,054
- 1-year price change: -1.2%
- 5-year price change: +55.3%