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 Binghamton metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 6 cities and towns with data available were included in the list.
#6. Waverly, NY
- Typical home value: $170,248
- 1-year price change: +0.6%
- 5-year price change: +14.6%
#5. Johnson City, NY
- Typical home value: $171,206
- 1-year price change: +7.4%
- 5-year price change: +52.5%
#4. Whitney Point, NY
- Typical home value: $202,031
- 1-year price change: +6.9%
- 5-year price change: +37.1%
#3. Endicott, NY
- Typical home value: $209,425
- 1-year price change: +7.0%
- 5-year price change: +45.3%
#2. Endwell, NY
- Typical home value: $229,093
- 1-year price change: +8.0%
- 5-year price change: +53.8%
#1. Apalachin, NY
- Typical home value: $242,128
- 1-year price change: +5.1%
- 5-year price change: +37.4%
