Cities with the most expensive homes in the El Centro metro area
Cities with the most expensive homes in the El Centro 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 El Centro 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. Calipatria, CA
- Typical home value: $228,853
- 1-year price change: +0.0%
- 5-year price change: +40.3%
#6. Holtville, CA
- Typical home value: $317,868
- 1-year price change: -1.5%
- 5-year price change: +36.3%
#5. Brawley, CA
- Typical home value: $319,688
- 1-year price change: +5.0%
- 5-year price change: +45.0%
#4. Heber, CA
- Typical home value: $344,126
- 1-year price change: +6.1%
- 5-year price change: +44.9%
#3. El Centro, CA
- Typical home value: $348,357
- 1-year price change: +6.5%
- 5-year price change: +45.9%
#2. Calexico, CA
- Typical home value: $349,615
- 1-year price change: +9.1%
- 5-year price change: +46.0%
#1. Imperial, CA
- Typical home value: $385,723
- 1-year price change: +11.1%
- 5-year price change: +56.1%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
