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 $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the
[ 30-year fixed mortgage rate ]
sits at 6.55%.
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 Dalton metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 8 cities and towns with data available were included in the list.
#8. Cisco, GA
- Typical home value: $200,377
- 1-year price change: +4.5%
- 5-year price change: data not available
#7. Crandall, GA
- Typical home value: $226,726
- 1-year price change: +0.7%
- 5-year price change: +22.1%
#6. Dalton, GA
- Typical home value: $245,001
- 1-year price change: +1.1%
- 5-year price change: +37.8%
#5. Tunnel Hill, GA
- Typical home value: $249,225
- 1-year price change: +0.2%
- 5-year price change: +32.2%
#4. Chatsworth, GA
- Typical home value: $250,200
- 1-year price change: +1.1%
- 5-year price change: +31.4%
#3. Varnell, GA
- Typical home value: $272,181
- 1-year price change: +2.1%
- 5-year price change: +39.5%
#2. Cohutta, GA
- Typical home value: $273,750
- 1-year price change: +2.3%
- 5-year price change: +42.6%
#1. Rocky Face, GA
- Typical home value: $289,701
- 1-year price change: -1.3%
- 5-year price change: +28.5%