Cities with the most expensive homes in the Grants Pass metro area
Cities with the most expensive homes in the Grants Pass 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 Grants Pass 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. Cave Junction, OR
- Typical home value: $299,045
- 1-year price change: +0.9%
- 5-year price change: +37.5%
#6. Selma, OR
- Typical home value: $334,580
- 1-year price change: -2.4%
- 5-year price change: +26.3%
#5. Wolf Creek, OR
- Typical home value: $349,641
- 1-year price change: -2.4%
- 5-year price change: +26.1%
#4. Grants Pass, OR
- Typical home value: $395,374
- 1-year price change: -0.2%
- 5-year price change: +36.2%
#3. Wilderville, OR
- Typical home value: $396,022
- 1-year price change: -1.9%
- 5-year price change: +21.4%
#2. Merlin, OR
- Typical home value: $468,495
- 1-year price change: -2.4%
- 5-year price change: +31.2%
#1. Williams, OR
- Typical home value: $483,303
- 1-year price change: -2.5%
- 5-year price change: +23.6%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
