Cities with the most expensive homes in the Charlottesville 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, 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 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.
compiled a list of cities with the most expensive homes in the Charlottesville metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 33 cities and towns.
