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 $356,776 in January, 2.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of February 20, the
sits at 6.85%.
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 Spokane metro area using data from Zillow. Charts show the monthly typical home value since January 2018. Data was available for 34 cities and towns.
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Stacker
#30. Ford, WA
- Typical home value: $300,847
- 1-year price change: +5.4%
- 5-year price change: +55.3%
Stacker
#29. Valley, WA
- Typical home value: $313,523
- 1-year price change: +3.4%
- 5-year price change: +53.4%
Stacker
#28. Latah, WA
- Typical home value: $318,366
- 1-year price change: +3.9%
- 5-year price change: data not available
Stacker
#27. Colville, WA
- Typical home value: $325,246
- 1-year price change: +5.5%
- 5-year price change: +58.7%
Stacker
#26. Chewelah, WA
- Typical home value: $334,681
- 1-year price change: +2.8%
- 5-year price change: +49.3%
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Stacker
#25. Tumtum, WA
- Typical home value: $346,722
- 1-year price change: +5.5%
- 5-year price change: +50.6%
Stacker
#24. Millwood, WA
- Typical home value: $350,379
- 1-year price change: +2.7%
- 5-year price change: +54.6%
Stacker
#23. Addy, WA
- Typical home value: $351,525
- 1-year price change: +4.9%
- 5-year price change: +55.6%
Stacker
#22. Airway Heights, WA
- Typical home value: $362,048
- 1-year price change: +1.3%
- 5-year price change: +55.2%
Stacker
#21. Rice, WA
- Typical home value: $363,219
- 1-year price change: +3.0%
- 5-year price change: +43.8%
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Stacker
#20. Spokane, WA
- Typical home value: $379,025
- 1-year price change: +1.7%
- 5-year price change: +50.8%
Stacker
#19. Reardan, WA
- Typical home value: $379,493
- 1-year price change: +1.4%
- 5-year price change: +57.3%
Stacker
#18. Rockford, WA
- Typical home value: $390,060
- 1-year price change: +2.8%
- 5-year price change: +55.7%
Stacker
#17. Spokane Valley, WA
- Typical home value: $395,425
- 1-year price change: +1.8%
- 5-year price change: +52.6%
Stacker
#16. Medical Lake, WA
- Typical home value: $403,942
- 1-year price change: +2.4%
- 5-year price change: +52.7%
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Stacker
#15. Cheney, WA
- Typical home value: $411,707
- 1-year price change: +2.0%
- 5-year price change: +50.2%
Stacker
#14. Loon Lake, WA
- Typical home value: $419,424
- 1-year price change: +3.4%
- 5-year price change: +57.1%
Stacker
#13. Clayton, WA
- Typical home value: $421,275
- 1-year price change: +4.7%
- 5-year price change: +56.7%
Stacker
#12. Otis Orchards-East Farms, WA
- Typical home value: $438,440
- 1-year price change: +3.2%
- 5-year price change: +54.5%
Stacker
#11. Deer Park, WA
- Typical home value: $460,597
- 1-year price change: +2.3%
- 5-year price change: +55.7%
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Stacker
#10. Elk, WA
- Typical home value: $461,325
- 1-year price change: +1.3%
- 5-year price change: +49.8%
Stacker
#9. Newman Lake, WA
- Typical home value: $464,741
- 1-year price change: +2.3%
- 5-year price change: +53.5%
Stacker
#8. Mead, WA
- Typical home value: $494,486
- 1-year price change: +2.7%
- 5-year price change: +54.8%
Stacker
#7. Nine Mile Falls, WA
- Typical home value: $530,427
- 1-year price change: +2.8%
- 5-year price change: +56.0%
Stacker
#6. Spangle, WA
- Typical home value: $538,933
- 1-year price change: +3.1%
- 5-year price change: +58.1%
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Stacker
#5. Liberty Lake, WA
- Typical home value: $545,927
- 1-year price change: +0.8%
- 5-year price change: +49.6%
Stacker
#4. Chattaroy, WA
- Typical home value: $568,063
- 1-year price change: +2.3%
- 5-year price change: +54.9%
Stacker
#3. Colbert, WA
- Typical home value: $578,057
- 1-year price change: +2.1%
- 5-year price change: +52.0%
Stacker
#2. Valleyford, WA
- Typical home value: $678,699
- 1-year price change: +2.6%
- 5-year price change: +55.6%
Stacker
#1. Mica, WA
- Typical home value: $695,027
- 1-year price change: +1.8%
- 5-year price change: data not available
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