Cities with the most expensive homes in the Burlington, North Carolina metro area
Cities with the most expensive homes in the Burlington, North Carolina 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 Burlington, North Carolina metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 8 cities and towns with data available were included in the list.
#8. Haw River, NC
- Typical home value: $212,837
- 1-year price change: +5.7%
- 5-year price change: +71.3%
#7. Burlington, NC
- Typical home value: $237,628
- 1-year price change: +6.2%
- 5-year price change: +73.4%
#6. Glen Raven, NC
- Typical home value: $249,782
- 1-year price change: +5.2%
- 5-year price change: +68.9%
#5. Graham, NC
- Typical home value: $285,764
- 1-year price change: +7.2%
- 5-year price change: +78.6%
#4. Snow Camp, NC
- Typical home value: $291,547
- 1-year price change: +5.9%
- 5-year price change: +65.0%
#3. Elon, NC
- Typical home value: $334,411
- 1-year price change: +3.8%
- 5-year price change: +54.9%
#2. Mebane, NC
- Typical home value: $347,899
- 1-year price change: +3.5%
- 5-year price change: +59.9%
#1. Swepsonville, NC
- Typical home value: $362,017
- 1-year price change: +5.3%
- 5-year price change: +63.3%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
