Cities with the most expensive homes in the Gainesville, Georgia 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.

High mortgage rates are also making monthly payments more expensive; as of February 19, the

[ 30-year fixed mortgage rate ]

sits at 6.01%.

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.

#7. Oakwood, GA

- Typical home value: $316,434
- 1-year price change: -2.1%
- 5-year price change: +45.1%

#6. Lula, GA

- Typical home value: $319,618
- 1-year price change: -0.7%
- 5-year price change: +52.1%

#5. Gillsville, GA

- Typical home value: $320,008
- 1-year price change: -0.4%
- 5-year price change: +53.6%

#4. Gainesville, GA

- Typical home value: $365,286
- 1-year price change: -1.8%
- 5-year price change: +44.1%

#3. Murrayville, GA

- Typical home value: $376,840
- 1-year price change: +0.0%
- 5-year price change: +42.0%

#2. Clermont, GA

- Typical home value: $385,125
- 1-year price change: -3.2%
- 5-year price change: +48.2%

#1. Flowery Branch, GA

- Typical home value: $417,851
- 1-year price change: -2.4%
- 5-year price change: +42.6%