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- Homeownership is a major investment and can build long-term wealth; buyers must consider value growth and affordability.
- Rising home prices and higher mortgage rates make affordability a central concern for Atlanta area buyers.
- Location, size, age, and condition are primary factors driving differences in home values across neighborhoods.
- Stacker used Zillow data to rank metro cities and illustrate monthly home value trends across many towns.
Cities with the most expensive homes in the Atlanta metro area
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 $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the 30-year fixed mortgage rate sits at 6.55%.
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 Atlanta metro area using data from Zillow. Charts show the monthly typical home value since January 2018. Data was available for 147 cities and towns.
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