Purchasing a home is a significant investment, and with record-high home prices, affordability plays a huge role for buyers. The typical home value in the United States was $368,720 in May, 0.8% higher than the year before. High mortgage rates are also making monthly payments more expensive, with the 30-year fixed mortgage rate sitting at 6.52% as of June 11.
Cities with the Most Expensive Homes
Stacker compiled a list of cities with the most expensive homes in the Colorado Springs metro area using data from Zillow. The list includes 16 cities and towns with data available, with typical home values ranging from $217,537 to $758,943.
The cities with the most expensive homes in the Colorado Springs metro area are:
- Typical home value: $217,537, 1-year price change: -2.9%, 5-year price change: +3.1%
- Typical home value: $329,566, 1-year price change: -2.0%, 5-year price change: +8.5%
- Typical home value: $330,195, 1-year price change: -3.5%, 5-year price change: +13.7%
- Typical home value: $381,302, 1-year price change: -1.8%, 5-year price change: +10.1%
- Typical home value: $394,663, 1-year price change: -1.1%, 5-year price change: +10.9%
- Typical home value: $414,355, 1-year price change: -0.4%, 5-year price change: +9.8%
- Typical home value: $418,545, 1-year price change: +2.4%, 5-year price change: +20.5%
- Typical home value: $450,850, 1-year price change: -2.0%, 5-year price change: +9.2%
- Typical home value: $458,195, 1-year price change: -3.1%, 5-year price change: +16.6%
- Typical home value: $479,466, 1-year price change: +0.6%, 5-year price change: +16.4%
- Typical home value: $498,821, 1-year price change: -3.4%, 5-year price change: +16.3%
- Typical home value: $536,939, 1-year price change: +0.0%, 5-year price change: +14.2%
- Typical home value: $541,006, 1-year price change: -1.8%, 5-year price change: +16.4%
- Typical home value: $542,773, 1-year price change: -2.1%, 5-year price change: +12.9%
- Typical home value: $552,906, 1-year price change: +0.2%, 5-year price change: +14.2%
- Typical home value: $758,943, 1-year price change: -1.0%, 5-year price change: +15.6%
Original reporting: KRDO (Colorado Springs metro) — read the source article.
