Ask anyone who is buying or selling and they will tell you real estate prices continue to skyrocket.
High demand and limited supply due to worker and material issues have prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket.
Stacker compiled a list of cities with the fastest-growing home prices in different Alabama metros using data from Zillow. Cities are ranked by 1-year price change as of April 2022. The charts in this story were created automatically using Matplotlib. The typical home value in the United States increased over the last year by +20.9% to $334,141.
You can click on each city’s name for the complete list for that metro area.
Here’s what they found:
No. 1 – Lake View
1-year price change: +$48,721 (+21.7%)
5-year price change: +$94,740 (+53.1%)
Typical home value: $273,178 (#1 most expensive city in metro)
No. 2 – Northport
1-year price change: +$36,736 (+16.4%)
5-year price change: +$83,159 (+46.9%)
Typical home value: $260,343 (#2 most expensive city in metro)
No. 3 – Ralph
1-year price change: +$33,160 (+16.4%)
5-year price change: +$76,707 (+48.4%)
Typical home value: $235,209 (#3 most expensive city in metro)
No. 1 – Pike Road
1-year price change: +$55,865 (+17.9%)
5-year price change: +$75,280 (+25.7%)
Typical home value: $367,773 (#1 most expensive city in metro)
No. 2 – Eclectic
1-year price change: +$43,671 (+15.3%)
5-year price change: +$106,640 (+47.8%)
Typical home value: $329,861 (#2 most expensive city in metro)
No. 3 – Titus
1-year price change: +$37,933 (+16.1%)
5-year price change: +$87,318 (+46.8%)
Typical home value: $273,965 (#3 most expensive city in metro)
No. 1 – Dauphin Island
1-year price change: +$85,306 (+23.5%)
5-year price change: +$180,791 (+67.4%)
Typical home value: $448,981 (#1 most expensive city in metro)
No. 2 – Satsuma
1-year price change: +$39,984 (+21.7%)
5-year price change: +$77,704 (+53.2%)
Typical home value: $223,872 (#2 most expensive city in metro)
No. 3 – Semmes
1-year price change: +$35,060 (+19.6%)
5-year price change: +$69,643 (+48.4%)
Typical home value: $213,585 (#3 most expensive city in metro)
No. 1 – Owens Cross Roads
1-year price change: +$92,846 (+27.5%)
5-year price change: +$171,826 (+66.4%)
Typical home value: $430,441 (#1 most expensive city in metro)
No. 2 – Gurley
1-year price change: +$78,820 (+30.4%)
5-year price change: +$146,483 (+76.4%)
Typical home value: $338,293 (#3 most expensive city in metro)
No. 3 – Madison
1-year price change: +$71,197 (+24.6%)
5-year price change: +$144,077 (+66.4%)
Typical home value: $361,106 (#2 most expensive city in metro)
No. 1 – Gallant
1-year price change: +$41,104 (+30.7%)
5-year price change: +$83,112 (+90.6%)
Typical home value: $174,860 (#3 most expensive city in metro)
No. 2 – Rainbow City
1-year price change: +$40,790 (+25.2%)
5-year price change: +$75,079 (+58.9%)
Typical home value: $202,478 (#2 most expensive city in metro)
No. 3 – Altoona
1-year price change: +$40,016 (+34.4%)
5-year price change: +$80,365 (+105.7%)
Typical home value: $156,428 (#7 most expensive city in metro)
No. 1 – Rehobeth
1-year price change: +$30,791 (+16.4%)
5-year price change: +$54,303 (+33.1%)
Typical home value: $218,253 (#1 most expensive city in metro)
No. 2 – Pansey
1-year price change: +$29,062 (+23.4%)
5-year price change: +$57,924 (+60.7%)
Typical home value: $153,299 (#6 most expensive city in metro)
No. 3 – Avon
1-year price change: +$27,588 (+21.4%)
5-year price change: +$44,557 (+39.8%)
Typical home value: $156,621 (#5 most expensive city in metro)
No. 1 – Mountain Brook
1-year price change: +$130,261 (+16.7%)
5-year price change: +$270,253 (+42.2%)
Typical home value: $910,816 (#1 most expensive city in metro)
No. 2 – Indian Springs Village
1-year price change: +$69,625 (+16.2%)
5-year price change: +$158,706 (+46.5%)
Typical home value: $499,840 (#3 most expensive city in metro)
No. 3 – Lake Purdy
1-year price change: +$69,198 (+17.4%)
5-year price change: +$133,462 (+40.2%)
Typical home value: $465,815 (#5 most expensive city in metro)
No. 1 – Waverly
1-year price change: +$45,622 (+26.0%)
5-year price change: +$101,732 (+85.2%)
Typical home value: $221,072 (#4 most expensive city in metro)
No. 2 – Auburn
1-year price change: +$38,697 (+13.9%
5-year price change: +$100,212 (+46.2%)
Typical home value: $317,241 (#1 most expensive city in metro)
No. 3 – Cusseta
1-year price change: +$32,129 (+23.4%)
5-year price change: +$64,637 (+61.8%)
Typical home value: $169,218 (#6 most expensive city in metro)
No. 1 – Dauphin Island
1-year price change: +$85,306 (+23.5%)
5-year price change: +$180,791 (+67.4%)
Typical home value: $448,981 (#1 most expensive city in metro)
No. 2 – Satsuma
1-year price change: +$39,984 (+21.7%)
5-year price change: +$77,704 (+53.2%)
Typical home value: $223,872 (#2 most expensive city in metro)
No. 3 – Semmes
1-year price change: +$35,060 (+19.6%)
5-year price change: +$69,643 (+48.4%)
Typical home value: $213,585 (#3 most expensive city in metro)
Read More:27 cities with the fastest-growing home prices in Alabama
2022-05-23 14:32:00