Cities with the most expensive homes in the Yuma metro area
Cities with the most expensive homes in the Yuma 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 $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.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 Yuma metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 5 cities and towns with data available were included in the list.
#5. San Luis, AZ
- Typical home value: $235,594
- 1-year price change: +5.9%
- 5-year price change: +69.6%
#4. Gadsden, AZ
- Typical home value: $243,333
- 1-year price change: +5.1%
- 5-year price change: +74.8%
#3. Wellton, AZ
- Typical home value: $244,207
- 1-year price change: +2.7%
- 5-year price change: +69.2%
#2. Somerton, AZ
- Typical home value: $257,456
- 1-year price change: +2.8%
- 5-year price change: +69.9%
#1. Yuma, AZ
- Typical home value: $286,807
- 1-year price change: +4.4%
- 5-year price change: +70.8%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
