BECKLEY, WV (LOOTPRESS) – 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 $347,415 in November, 2.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of Dec. 14, 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 Beckley metro area using data from Zillow. Charts show the monthly typical home value since January 2018. Data was available for 38 cities and towns.
#30. Scarbro, WV
– Typical home value: $88,315
– 1-year price change: +6.2%
– 5-year price change: data not available
#29. Dixie, WV
– Typical home value: $93,424
– 1-year price change: +4.2%
– 5-year price change: data not available
#28. Mount Hope, WV
– Typical home value: $94,029
– 1-year price change: +3.3%
– 5-year price change: data not available
#27. Sophia, WV
– Typical home value: $96,892
– 1-year price change: +10.2%
– 5-year price change: +66.9%
#26. Coal City, WV
– Typical home value: $101,170
– 1-year price change: +3.0%
– 5-year price change: +51.4%
#25. Rock Creek, WV
– Typical home value: $102,669
– 1-year price change: -0.3%
– 5-year price change: +42.4%
#24. Mac Arthur, WV
– Typical home value: $107,746
– 1-year price change: +8.0%
– 5-year price change: +62.7%
#23. Ansted, WV
– Typical home value: $110,514
– 1-year price change: +8.3%
– 5-year price change: data not available
#22. Lookout, WV
– Typical home value: $113,038
– 1-year price change: +4.6%
– 5-year price change: data not available
#21. Lester, WV
– Typical home value: $121,143
– 1-year price change: +2.0%
– 5-year price change: +43.7%
Typical home value: $121,508
– 1-year price change: +5.9%
– 5-year price change: +49.6%
#19. Bolt, WV
– Typical home value: $121,890
– 1-year price change: +7.3%
– 5-year price change: +61.7%
#18. Meadow Bridge, WV
– Typical home value: $125,624
– 1-year price change: +5.7%
– 5-year price change: +54.9%
#17. Crab Orchard, WV
– Typical home value: $126,771
– 1-year price change: +5.1%
– 5-year price change: +50.6%
#16. Beckley, WV
– Typical home value: $127,338
– 1-year price change: +9.0%
– 5-year price change: +53.9%
#15. Bradley, WV
– Typical home value: $127,743
– 1-year price change: +4.3%
– 5-year price change: +55.0%
#14. Oak Hill, WV
– Typical home value: $128,184
– 1-year price change: +14.7%
– 5-year price change: +73.1%
#13. Piney View, WV
– Typical home value: $128,491
– 1-year price change: +7.9%
– 5-year price change: +53.1%
#12. Prosperity, WV
– Typical home value: $135,907
– 1-year price change: +8.0%
– 5-year price change: +48.0%
#11. Glen Daniel, WV
– Typical home value: $138,162
– 1-year price change: +6.0%
– 5-year price change: +48.4%
#10. Jumping Branch, WV
– Typical home value: $158,330
– 1-year price change: +2.6%
– 5-year price change: data not available
#9. Mount Lookout, WV
– Typical home value: $159,096
– 1-year price change: +5.7%
– 5-year price change: data not available
#8. Fayetteville, WV
– Typical home value: $166,514
– 1-year price change: +15.7%
– 5-year price change: +66.2%
#7. Stanaford, WV
– Typical home value: $169,823
– 1-year price change: +5.9%
– 5-year price change: +44.1%
#6. Beaver, WV
– Typical home value: $173,514
– 1-year price change: +5.4%
– 5-year price change: +44.7%
#5. Shady Spring, WV
– Typical home value: $178,679
– 1-year price change: +4.9%
– 5-year price change: +44.8%
#4. Cool Ridge, WV
– Typical home value: $190,099
– 1-year price change: +7.7%
– 5-year price change: +46.8%
#3. White Oak, WV
– Typical home value: $197,744
– 1-year price change: +5.5%
– 5-year price change: +47.8%
#2. Daniels, WV
– Typical home value: $247,606
– 1-year price change: +5.4%
– 5-year price change: +40.6%
#1. Ghent, WV
– Typical home value: $273,942
– 1-year price change: +8.6%
– 5-year price change: +53.4%
