Cities with the most expensive homes in the Pocatello metro area
Cities with the most expensive homes in the Pocatello 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 $359,402 in April, 4.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 23, the 30-year fixed mortgage rate sits at 6.94%.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 Pocatello metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 9 cities and towns with data available were included in the list.
#9. American Falls, ID
- Typical home value: $295,266
- 1-year price change: +5.4%
- 5-year price change: +82.6%
#8. Rockland, ID
- Typical home value: $296,133
- 1-year price change: +2.2%
- 5-year price change: +72.3%
#7. Downey, ID
- Typical home value: $296,842
- 1-year price change: +1.6%
- 5-year price change: +75.0%
#6. Pocatello, ID
- Typical home value: $328,185
- 1-year price change: +5.1%
- 5-year price change: +79.5%
#5. Chubbuck, ID
- Typical home value: $375,688
- 1-year price change: +3.9%
- 5-year price change: +73.5%
#4. Fort Hall, ID
- Typical home value: $411,650
- 1-year price change: +1.2%
- 5-year price change: +74.5%
#3. McCammon, ID
- Typical home value: $414,198
- 1-year price change: +3.3%
- 5-year price change: +86.8%
#2. Lava Hot Springs, ID
- Typical home value: $436,027
- 1-year price change: +3.4%
- 5-year price change: +83.9%
#1. Inkom, ID
- Typical home value: $459,044
- 1-year price change: +3.7%
- 5-year price change: +80.5%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
