Cities with the most expensive homes in the Rome 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.
The typical home value in the United States was $368,720 in May, 0.8% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of June 11, the
[ 30-year fixed mortgage rate ]
sits at 6.52%.
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.
#5. Lindale, GA
- Typical home value: $196,011
- 1-year price change: +0.6%
- 5-year price change: +31.4%
#4. Rome, GA
- Typical home value: $233,418
- 1-year price change: +1.7%
- 5-year price change: +34.1%
#3. Silver Creek, GA
- Typical home value: $245,146
- 1-year price change: +1.0%
- 5-year price change: +35.3%
#2. Cave Spring, GA
- Typical home value: $254,068
- 1-year price change: +5.0%
- 5-year price change: +28.7%
#1. Armuchee, GA
- Typical home value: $274,793
- 1-year price change: +5.3%
- 5-year price change: +31.8%
