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 a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.
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 Dallas metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
#30. Aurora, TX
– Typical home value: $531,749
– 1-year price change: -2.4%
– 5-year price change: +49.8%
#29. Annetta, TX
– Typical home value: $538,701
– 1-year price change: -0.5%
– 5-year price change: +52.4%
#28. Talty, TX
– Typical home value: $545,665
– 1-year price change: -0.1%
– 5-year price change: +58.9%
#27. Saint Paul, TX
– Typical home value: $557,735
– 1-year price change: -3.3%
– 5-year price change: +56.8%
#26. Celina, TX
– Typical home value: $561,913
– 1-year price change: -6.1%
– 5-year price change: +62.6%
#25. Highland Village, TX
– Typical home value: $577,697
– 1-year price change: +0.3%
– 5-year price change: +52.9%
#24. Murphy, TX
– Typical home value: $593,876
– 1-year price change: -0.8%
– 5-year price change: +58.4%
#23. Flower Mound, TX
– Typical home value: $597,843
– 1-year price change: -0.8%
– 5-year price change: +54.9%
#22. Coppell, TX
– Typical home value: $613,245
– 1-year price change: +1.5%
– 5-year price change: +48.0%
#21. Lantana, TX
– Typical home value: $620,612
– 1-year price change: -3.1%
– 5-year price change: +54.9%
#20. Keller, TX
– Typical home value: $621,602
– 1-year price change: -0.6%
– 5-year price change: +54.4%
#19. Sunnyvale, TX
– Typical home value: $648,606
– 1-year price change: +0.0%
– 5-year price change: +52.3%
#18. Fairview, TX
– Typical home value: $657,344
– 1-year price change: -0.7%
– 5-year price change: +51.3%
#17. Argyle, TX
– Typical home value: $666,426
– 1-year price change: -2.7%
– 5-year price change: +63.3%
#16. Frisco, TX
– Typical home value: $669,998
– 1-year price change: -3.1%
– 5-year price change: +60.2%
#15. Trophy Club, TX
– Typical home value: $676,311
– 1-year price change: -0.1%
– 5-year price change: +58.3%
#14. Heath, TX
– Typical home value: $734,024
– 1-year price change: -1.7%
– 5-year price change: +58.6%
#13. Pecan Acres, TX
– Typical home value: $748,228
– 1-year price change: -2.5%
– 5-year price change: +60.4%
#12. Prosper, TX
– Typical home value: $782,677
– 1-year price change: -5.6%
– 5-year price change: +69.3%
#11. Double Oak, TX
– Typical home value: $790,820
– 1-year price change: +0.5%
– 5-year price change: +61.4%
#10. Colleyville, TX
– Typical home value: $851,064
– 1-year price change: -1.1%
– 5-year price change: +57.1%
#9. Copper Canyon, TX
– Typical home value: $881,711
– 1-year price change: -2.2%
– 5-year price change: +60.2%
#8. Parker, TX
– Typical home value: $1,034,322
– 1-year price change: -2.4%
– 5-year price change: +66.0%
#7. Lucas, TX
– Typical home value: $1,052,559
– 1-year price change: -3.9%
– 5-year price change: +66.9%
#6. Southlake, TX
– Typical home value: $1,186,969
– 1-year price change: -1.9%
– 5-year price change: +68.5%
#5. Bartonville, TX
– Typical home value: $1,276,685
– 1-year price change: -3.9%
– 5-year price change: +71.3%
#4. Westlake, TX
– Typical home value: $1,699,448
– 1-year price change: -4.1%
– 5-year price change: +68.1%
#3. University Park, TX
– Typical home value: $2,043,050
– 1-year price change: +1.3%
– 5-year price change: +59.2%
#2. Westover Hills, TX
– Typical home value: $2,104,213
– 1-year price change: -3.3%
– 5-year price change: +37.1%
#1. Highland Park, TX
– Typical home value: $2,480,921
– 1-year price change: +5.9%
– 5-year price change: +65.3%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.