Cities with the most expensive homes in the Johnstown metro area
Cities with the most expensive homes in the Johnstown 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 Johnstown metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.
#7. Nanty Glo, PA
- Typical home value: $66,143
- 1-year price change: -18.6%
- 5-year price change: +12.4%
#6. Northern Cambria, PA
- Typical home value: $74,477
- 1-year price change: -22.1%
- 5-year price change: -11.3%
#5. Johnstown, PA
- Typical home value: $93,083
- 1-year price change: -12.5%
- 5-year price change: +25.1%
#4. Patton, PA
- Typical home value: $101,023
- 1-year price change: -24.1%
- 5-year price change: -3.8%
#3. Hastings, PA
- Typical home value: $104,890
- 1-year price change: -18.9%
- 5-year price change: -7.4%
#2. Ashville, PA
- Typical home value: $147,671
- 1-year price change: -9.1%
- 5-year price change: +15.6%
#1. Ebensburg, PA
- Typical home value: $181,598
- 1-year price change: -8.2%
- 5-year price change: +9.3%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.