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Cities with the most expensive homes in the Birmingham 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 $360,974 in June, 3.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of Aug. 22, the
30-year fixed mortgage rate sits at 6.46%.
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 Birmingham metro area using data from Zillow . Charts show the monthly typical home value since January 2018. Data was available for 78 cities and towns.
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Stacker
#30. Vincent, AL
– Typical home value: $247,956
– 1-year price change: +4.4%
– 5-year price change: +36.1%
Stacker
#29. Clay, AL
– Typical home value: $250,381
– 1-year price change: -1.2%
– 5-year price change: +43.8%
Stacker
#28. Morris, AL
– Typical home value: $251,923
– 1-year price change: +0.2%
– 5-year price change: +46.3%
Stacker
#27. Mount Olive, AL
– Typical home value: $252,888
– 1-year price change: +1.0%
– 5-year price change: +40.4%
Stacker
#26. Calera, AL
– Typical home value: $253,283
– 1-year price change: +0.4%
– 5-year price change: +48.9%
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Stacker
#25. Ashville, AL
– Typical home value: $256,917
– 1-year price change: +1.7%
– 5-year price change: +38.9%
Stacker
#24. Odenville, AL
– Typical home value: $258,398
– 1-year price change: -3.1%
– 5-year price change: +38.5%
Stacker
#23. Moody, AL
– Typical home value: $263,208
– 1-year price change: -0.4%
– 5-year price change: +42.9%
Stacker
#22. Gardendale, AL
– Typical home value: $266,601
– 1-year price change: +1.0%
– 5-year price change: +44.0%
Stacker
#21. Harpersville, AL
– Typical home value: $274,643
– 1-year price change: +0.6%
– 5-year price change: +38.7%
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Stacker
#20. Irondale, AL
– Typical home value: $275,971
– 1-year price change: -0.5%
– 5-year price change: +52.1%
Stacker
#19. Pell City, AL
– Typical home value: $277,302
– 1-year price change: -0.5%
– 5-year price change: +34.8%
Stacker
#18. Columbiana, AL
– Typical home value: $288,734
– 1-year price change: -0.1%
– 5-year price change: +39.9%
Stacker
#17. Westover, AL
– Typical home value: $295,613
– 1-year price change: +1.0%
– 5-year price change: +45.4%
Stacker
#16. Alabaster, AL
– Typical home value: $297,807
– 1-year price change: +0.6%
– 5-year price change: +45.2%
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Stacker
#15. Kimberly, AL
– Typical home value: $308,626
– 1-year price change: -0.8%
– 5-year price change: +45.8%
Stacker
#14. Pelham, AL
– Typical home value: $309,062
– 1-year price change: -0.4%
– 5-year price change: +43.9%
Stacker
#13. Riverside, AL
– Typical home value: $312,596
– 1-year price change: +3.1%
– 5-year price change: +38.5%
Stacker
#12. Springville, AL
– Typical home value: $323,690
– 1-year price change: -0.1%
– 5-year price change: +38.0%
Stacker
#11. Shelby, AL
– Typical home value: $342,157
– 1-year price change: +4.8%
– 5-year price change: +42.1%
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Stacker
#10. Wilsonville, AL
– Typical home value: $343,124
– 1-year price change: +5.5%
– 5-year price change: +41.2%
Stacker
#9. Helena, AL
– Typical home value: $356,118
– 1-year price change: +1.1%
– 5-year price change: +44.2%
Stacker
#8. Chelsea, AL
– Typical home value: $377,274
– 1-year price change: -0.2%
– 5-year price change: +39.7%
Stacker
#7. Trussville, AL
– Typical home value: $387,146
– 1-year price change: +0.9%
– 5-year price change: +39.5%
Stacker
#6. Hoover, AL
– Typical home value: $423,589
– 1-year price change: +2.7%
– 5-year price change: +39.1%
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Stacker
#5. Lake Purdy, AL
– Typical home value: $472,439
– 1-year price change: +2.5%
– 5-year price change: +39.3%
Stacker
#4. Homewood, AL
– Typical home value: $517,152
– 1-year price change: -0.4%
– 5-year price change: +34.8%
Stacker
#3. Vestavia Hills, AL
– Typical home value: $561,758
– 1-year price change: +2.7%
– 5-year price change: +35.4%
Stacker
#2. Indian Springs Village, AL
– Typical home value: $562,896
– 1-year price change: +7.2%
– 5-year price change: +43.8%
Stacker
#1. Mountain Brook, AL
– Typical home value: $795,135
– 1-year price change: +2.2%
– 5-year price change: +42.0%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
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