Cities with the most expensive homes in the Richmond metro area

RICHMOND, Va. (STACKER) — 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 $360,310 in May, 3.9% higher than the year before.High mortgage rates are also making monthly payments more expensive; as of July 3, the 30-year fixed mortgage rate sits at 6.95%.

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 Richmond metro area using data from Zillow . Charts show the monthly typical home value since January 2018. Data was available for 67 cities and towns.

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#30. Chamberlayne, VA

– Typical home value: $356,834
– 1-year price change: +2.8%
– 5-year price change: +50.2%

#29. Richmond, VA

– Typical home value: $358,188
– 1-year price change: +5.7%
– 5-year price change: +50.3%

#28. Gumspring, VA

– Typical home value: $359,264
– 1-year price change: +6.3%
– 5-year price change: +48.9%

#27. Beaverdam, VA

– Typical home value: $372,186
– 1-year price change: +5.6%
– 5-year price change: +38.1%

#26. Chester, VA

– Typical home value: $373,175
– 1-year price change: +5.1%
– 5-year price change: +49.9%

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#25. Goochland, VA

– Typical home value: $383,194
– 1-year price change: +7.6%
– 5-year price change: +44.6%

#24. Henrico, VA

– Typical home value: $387,101
– 1-year price change: +5.7%
– 5-year price change: +47.1%

#23. Quinton, VA

– Typical home value: $388,097
– 1-year price change: +5.2%
– 5-year price change: +43.3%

#22. Doswell, VA

– Typical home value: $390,397
– 1-year price change: +5.8%
– 5-year price change: +35.7%

#21. Chesterfield, VA

– Typical home value: $392,164
– 1-year price change: +7.4%
– 5-year price change: +51.6%

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#20. Providence Forge, VA

– Typical home value: $394,872
– 1-year price change: +6.7%
– 5-year price change: +40.5%

#19. Hanover, VA

– Typical home value: $395,270
– 1-year price change: +6.5%
– 5-year price change: +40.7%

#18. Bon Air, VA

– Typical home value: $396,354
– 1-year price change: +7.0%
– 5-year price change: +55.3%

#17. Lanexa, VA

– Typical home value: $410,016
– 1-year price change: +6.7%
– 5-year price change: +40.6%

#16. New Kent, VA

– Typical home value: $412,330
– 1-year price change: +6.5%
– 5-year price change: +40.6%

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#15. Barhamsville, VA

– Typical home value: $415,416
– 1-year price change: +7.5%
– 5-year price change: +42.6%

#14. Mechanicsville, VA

– Typical home value: $416,900
– 1-year price change: +8.0%
– 5-year price change: +43.2%

#13. Ashland, VA

– Typical home value: $421,155
– 1-year price change: +7.7%
– 5-year price change: +40.8%

#12. Montpelier, VA

– Typical home value: $427,753
– 1-year price change: +8.0%
– 5-year price change: +38.4%

#11. Tuckahoe, VA

– Typical home value: $429,228
– 1-year price change: +8.8%
– 5-year price change: +42.9%

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#10. Powhatan, VA

– Typical home value: $434,055
– 1-year price change: +9.2%
– 5-year price change: +38.1%

#9. Jamaica, VA

– Typical home value: $435,265
– 1-year price change: +3.7%
– 5-year price change: +36.1%

#8. Midlothian, VA

– Typical home value: $451,993
– 1-year price change: +8.8%
– 5-year price change: +46.5%

#7. Rockville, VA

– Typical home value: $480,346
– 1-year price change: +13.4%
– 5-year price change: +43.8%

#6. Maidens, VA

– Typical home value: $489,325
– 1-year price change: +12.2%
– 5-year price change: +43.4%

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#5. Sandy Hook, VA

– Typical home value: $493,634
– 1-year price change: +14.3%
– 5-year price change: +44.3%

#4. Glen Allen, VA

– Typical home value: $495,647
– 1-year price change: +11.5%
– 5-year price change: +42.5%

#3. Crozier, VA

– Typical home value: $512,745
– 1-year price change: +13.6%
– 5-year price change: +37.4%

#2. Moseley, VA

– Typical home value: $597,191
– 1-year price change: +9.4%
– 5-year price change: +43.8%

#1. Oilville, VA

– Typical home value: $608,866
– 1-year price change: +19.1%
– 5-year price change: +32.3%

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 134 metros.

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