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
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 Lebanon 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.
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Stacker
#7. Lebanon, PA
- Typical home value: $259,840
- 1-year price change: +6.7%
- 5-year price change: +50.6%
Stacker
#6. Myerstown, PA
- Typical home value: $291,088
- 1-year price change: +6.5%
- 5-year price change: +42.9%
Stacker
#5. Jonestown, PA
- Typical home value: $295,482
- 1-year price change: +5.9%
- 5-year price change: +47.3%
Stacker
#4. Newmanstown, PA
- Typical home value: $313,851
- 1-year price change: +5.5%
- 5-year price change: +45.2%
Stacker
#3. Palmyra, PA
- Typical home value: $320,363
- 1-year price change: +5.6%
- 5-year price change: +45.6%
You may also like: Homes for sale in Lebanon at every price point
Stacker
#2. Fredericksburg, PA
- Typical home value: $324,286
- 1-year price change: +6.1%
- 5-year price change: +47.9%
Stacker
#1. Mount Gretna, PA
- Typical home value: $375,575
- 1-year price change: +3.6%
- 5-year price change: +46.1%
