Purchasing a home is one of the most important investments. Homeownership is an asset with the potential to rise in value. However, with home prices reaching record heights, affordability plays a huge role for buyers.
Los Angeles Metro Area Home Prices
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; as of June 11, the 30-year fixed mortgage rate sits at 6.52%.
Stacker compiled a list of cities with the most expensive homes in the Los Angeles metro area using data from Zillow. The list includes cities with typical home values ranging from $1,439,928 to $5,199,075.
Original reporting: KEYT (Ventura/Santa Barbara) — read the source article.
