Cities with the most expensive homes in the Altoona metro area
Cities with the most expensive homes in the Altoona 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 $355,696 in March, 4.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 2, the 30-year fixed mortgage rate sits at 7.22%.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 Altoona 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. Altoona, PA
- Typical home value: $134,918
- 1-year price change: +1.6%
- 5-year price change: +16.7%
#5. Bellwood, PA
- Typical home value: $160,326
- 1-year price change: -4.0%
- 5-year price change: -0.3%
#4. Roaring Spring, PA
- Typical home value: $187,496
- 1-year price change: +0.9%
- 5-year price change: +17.8%
#3. Duncansville, PA
- Typical home value: $225,444
- 1-year price change: +4.8%
- 5-year price change: +19.3%
#2. Hollidaysburg, PA
- Typical home value: $236,988
- 1-year price change: +3.5%
- 5-year price change: +22.7%
#1. Martinsburg, PA
- Typical home value: $240,748
- 1-year price change: +4.6%
- 5-year price change: +23.0%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.