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 Cleveland metro area using data from Zillow. Charts show the monthly typical home value since January 2018. Data was available for 110 cities and towns.
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Stacker
#30. Chesterland, OH
- Typical home value: $342,652
- 1-year price change: +6.3%
- 5-year price change: +43.9%
Stacker
#29. Bratenahl, OH
- Typical home value: $343,768
- 1-year price change: +7.7%
- 5-year price change: +46.4%
Stacker
#28. Homerville, OH
- Typical home value: $346,236
- 1-year price change: +7.0%
- 5-year price change: +66.7%
Stacker
#27. Medina, OH
- Typical home value: $353,484
- 1-year price change: +5.7%
- 5-year price change: +48.8%
Stacker
#26. Mayfield Village, OH
- Typical home value: $353,975
- 1-year price change: +5.6%
- 5-year price change: +42.1%
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Stacker
#25. Rocky River, OH
- Typical home value: $360,621
- 1-year price change: +4.8%
- 5-year price change: +45.3%
Stacker
#24. Concord, OH
- Typical home value: $362,903
- 1-year price change: +5.0%
- 5-year price change: +44.4%
Stacker
#23. Kirtland, OH
- Typical home value: $368,635
- 1-year price change: +6.4%
- 5-year price change: +43.8%
Stacker
#22. Bay Village, OH
- Typical home value: $372,361
- 1-year price change: +5.4%
- 5-year price change: +44.1%
Stacker
#21. Litchfield, OH
- Typical home value: $373,636
- 1-year price change: +7.2%
- 5-year price change: +64.3%
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Stacker
#20. Avon Lake, OH
- Typical home value: $380,360
- 1-year price change: +5.1%
- 5-year price change: +45.5%
Stacker
#19. Westlake, OH
- Typical home value: $383,439
- 1-year price change: +5.0%
- 5-year price change: +44.8%
Stacker
#18. Highland Heights, OH
- Typical home value: $385,846
- 1-year price change: +4.3%
- 5-year price change: +40.1%
Stacker
#17. Brecksville, OH
- Typical home value: $397,331
- 1-year price change: +6.0%
- 5-year price change: +44.8%
Stacker
#16. Novelty, OH
- Typical home value: $397,684
- 1-year price change: +7.9%
- 5-year price change: +48.4%
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Stacker
#15. Solon, OH
- Typical home value: $415,055
- 1-year price change: +4.1%
- 5-year price change: +40.5%
Stacker
#14. Glenwillow, OH
- Typical home value: $416,252
- 1-year price change: +5.6%
- 5-year price change: +44.7%
Stacker
#13. Avon, OH
- Typical home value: $433,498
- 1-year price change: +5.2%
- 5-year price change: +43.7%
Stacker
#12. Beachwood, OH
- Typical home value: $443,409
- 1-year price change: +5.5%
- 5-year price change: +44.4%
Stacker
#11. Valley City, OH
- Typical home value: $453,325
- 1-year price change: +6.2%
- 5-year price change: +51.5%
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Stacker
#10. Chagrin Falls, OH
- Typical home value: $459,025
- 1-year price change: +6.1%
- 5-year price change: +48.9%
Stacker
#9. Hinckley, OH
- Typical home value: $467,412
- 1-year price change: +5.7%
- 5-year price change: +48.3%
Stacker
#8. Orange, OH
- Typical home value: $511,395
- 1-year price change: +6.2%
- 5-year price change: +38.9%
Stacker
#7. Pepper Pike, OH
- Typical home value: $647,122
- 1-year price change: +6.1%
- 5-year price change: +40.6%
Stacker
#6. Moreland Hills, OH
- Typical home value: $652,995
- 1-year price change: +6.4%
- 5-year price change: +46.7%
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Stacker
#5. Gates Mills, OH
- Typical home value: $708,282
- 1-year price change: +5.5%
- 5-year price change: +41.9%
Stacker
#4. Waite Hill, OH
- Typical home value: $711,825
- 1-year price change: +6.2%
- 5-year price change: +40.1%
Stacker
#3. Kirtland Hills, OH
- Typical home value: $734,856
- 1-year price change: +7.6%
- 5-year price change: +50.3%
Stacker
#2. Bentleyville, OH
- Typical home value: $795,846
- 1-year price change: +5.3%
- 5-year price change: +40.1%
Stacker
#1. Hunting Valley, OH
- Typical home value: $1,497,631
- 1-year price change: +9.7%
- 5-year price change: +42.1%
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