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.

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 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: $325,655
- 1-year price change: -2.2%
- 5-year price change: +33.9%

#6. Lula, GA

- Typical home value: $326,396
- 1-year price change: -1.3%
- 5-year price change: +40.2%

#5. Gillsville, GA

- Typical home value: $332,166
- 1-year price change: -0.1%
- 5-year price change: +42.1%

#4. Gainesville, GA

- Typical home value: $376,943
- 1-year price change: -1.6%
- 5-year price change: +33.5%

#3. Murrayville, GA

- Typical home value: $389,393
- 1-year price change: +0.3%
- 5-year price change: +32.1%

#2. Clermont, GA

- Typical home value: $398,179
- 1-year price change: -3.1%
- 5-year price change: +37.1%

#1. Flowery Branch, GA

- Typical home value: $429,137
- 1-year price change: -2.6%
- 5-year price change: +31.5%