Cities with the most expensive homes in the Mansfield metro area
Cities with the most expensive homes in the Mansfield 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 Mansfield metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 9 cities and towns with data available were included in the list.
#9. Mansfield, OH
- Typical home value: $130,733
- 1-year price change: +9.7%
- 5-year price change: +66.9%
#8. Plymouth, OH
- Typical home value: $152,594
- 1-year price change: +5.2%
- 5-year price change: +44.6%
#7. Shelby, OH
- Typical home value: $165,698
- 1-year price change: +8.5%
- 5-year price change: +58.3%
#6. Ontario, OH
- Typical home value: $208,521
- 1-year price change: +7.3%
- 5-year price change: +59.1%
#5. Shiloh, OH
- Typical home value: $210,036
- 1-year price change: +5.4%
- 5-year price change: +53.6%
#4. Lexington, OH
- Typical home value: $211,111
- 1-year price change: +6.1%
- 5-year price change: +55.4%
#3. Lucas, OH
- Typical home value: $219,378
- 1-year price change: +8.3%
- 5-year price change: +55.6%
#2. Butler, OH
- Typical home value: $240,105
- 1-year price change: +9.8%
- 5-year price change: +56.7%
#1. Bellville, OH
- Typical home value: $247,977
- 1-year price change: +6.5%
- 5-year price change: +58.8%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
