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 $344,000 in December, 3.6% lower than the year before, but in line with seasonal trends.
High mortgage rates are also making monthly payments more expensive; as of Jan. 25, the
sits at 6.69%.
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 JacksonMS metro area using data from Zillow . Charts show the monthly typical home value since January 2018. All 29 cities and towns with data available were included in the list.
