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 $357,377 in February, 2.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 20, the
[ 30-year fixed mortgage rate ]
sits at 6.67%.
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 Gainesville metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 21 cities and towns with data available were included in the list.
You may also like: Best options in Gainesville for 5 popular outdoor activities
Stacker
#21. Chiefland, FL
- Typical home value: $164,358
- 1-year price change: -1.3%
- 5-year price change: +51.5%
Stacker
#20. Waldo, FL
- Typical home value: $194,032
- 1-year price change: +7.3%
- 5-year price change: +65.7%
Stacker
#19. Hawthorne, FL
- Typical home value: $215,337
- 1-year price change: +1.5%
- 5-year price change: +54.0%
Stacker
#18. Inglis, FL
- Typical home value: $242,508
- 1-year price change: -0.6%
- 5-year price change: +64.6%
Stacker
#17. Bronson, FL
- Typical home value: $251,392
- 1-year price change: +2.7%
- 5-year price change: +65.4%
You may also like: Highest-rated pizza restaurants in the Gainesville area by diners
Stacker
#16. Branford, FL
- Typical home value: $266,957
- 1-year price change: +4.5%
- 5-year price change: +66.9%
Stacker
#15. Fanning Springs, FL
- Typical home value: $273,243
- 1-year price change: +0.6%
- 5-year price change: +57.2%
Stacker
#14. Manattee Road, FL
- Typical home value: $274,516
- 1-year price change: +1.7%
- 5-year price change: +57.0%
Stacker
#13. Williston, FL
- Typical home value: $280,153
- 1-year price change: +1.0%
- 5-year price change: +62.8%
Stacker
#12. Trenton, FL
- Typical home value: $281,144
- 1-year price change: +2.6%
- 5-year price change: +65.1%
You may also like: Movies and TV shows casting in Gainesville
Stacker
#11. Yankeetown, FL
- Typical home value: $293,017
- 1-year price change: -1.1%
- 5-year price change: +63.1%
Stacker
#10. Gainesville, FL
- Typical home value: $293,778
- 1-year price change: +0.3%
- 5-year price change: +45.5%
Stacker
#9. Bell, FL
- Typical home value: $298,183
- 1-year price change: +5.3%
- 5-year price change: +70.0%
Stacker
#8. High Springs, FL
- Typical home value: $315,275
- 1-year price change: +1.9%
- 5-year price change: +57.3%
Stacker
#7. Micanopy, FL
- Typical home value: $326,243
- 1-year price change: +3.2%
- 5-year price change: +59.2%
You may also like: Most expensive homes for sale in Gainesville
Stacker
#6. Alachua, FL
- Typical home value: $329,468
- 1-year price change: +1.2%
- 5-year price change: +49.4%
Stacker
#5. Newberry, FL
- Typical home value: $331,796
- 1-year price change: -0.8%
- 5-year price change: +42.1%
Stacker
#4. Cedar Key, FL
- Typical home value: $340,803
- 1-year price change: -1.9%
- 5-year price change: +56.0%
Stacker
#3. Archer, FL
- Typical home value: $358,112
- 1-year price change: +5.1%
- 5-year price change: +65.2%
Stacker
#2. Earleton, FL
- Typical home value: $373,208
- 1-year price change: +3.1%
- 5-year price change: +50.5%
You may also like: Highest-rated Mexican restaurants in the Gainesville area by diners
Stacker
#1. Morriston, FL
- Typical home value: $435,491
- 1-year price change: +3.5%
- 5-year price change: +86.3%