Cities with the most expensive homes in the Salem metro area

Cities with the most expensive homes in the Salem 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 $368,720 in May, 0.8% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of June 11, the

sits at 6.52%.

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 Salem metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 26 cities and towns with data available were included in the list.

#26. Falls City, OR

- Typical home value: $357,097

- 1-year price change: +0.4%

- 5-year price change: +20.7%

#25. Sheridan, OR

- Typical home value: $401,185

- 1-year price change: -0.3%

- 5-year price change: +16.3%

#24. Hayesville, OR

- Typical home value: $417,400

- 1-year price change: -0.1%

- 5-year price change: +17.2%

#23. Independence, OR

- Typical home value: $429,400

- 1-year price change: +2.2%

- 5-year price change: +23.2%

#22. Woodburn, OR

- Typical home value: $429,679

- 1-year price change: +0.4%

- 5-year price change: +14.3%

#21. Gervais, OR

- Typical home value: $432,828

- 1-year price change: +1.2%

- 5-year price change: +19.8%

#20. Salem, OR

- Typical home value: $440,418

- 1-year price change: +0.4%

- 5-year price change: +16.8%

#19. Detroit, OR

- Typical home value: $445,361

- 1-year price change: +7.0%

- 5-year price change: +13.1%

#18. Keizer, OR

- Typical home value: $454,687

- 1-year price change: -0.2%

- 5-year price change: +14.9%

#17. Jefferson, OR

- Typical home value: $462,742

- 1-year price change: -0.7%

- 5-year price change: +17.3%

#16. Donald, OR

- Typical home value: $468,976

- 1-year price change: -1.9%

- 5-year price change: +17.7%

#15. Stayton, OR

- Typical home value: $469,693

- 1-year price change: +0.9%

- 5-year price change: +18.4%

#14. Grand Ronde, OR

- Typical home value: $475,593

- 1-year price change: +2.8%

- 5-year price change: +19.9%

#13. Dallas, OR

- Typical home value: $477,913

- 1-year price change: +1.3%

- 5-year price change: +19.7%

#12. Monmouth, OR

- Typical home value: $478,531

- 1-year price change: +1.6%

- 5-year price change: +21.6%

#11. Mount Angel, OR

- Typical home value: $481,720

- 1-year price change: -0.5%

- 5-year price change: +14.6%

#10. Hubbard, OR

- Typical home value: $491,461

- 1-year price change: -1.4%

- 5-year price change: +15.8%

#9. Aumsville, OR

- Typical home value: $497,483

- 1-year price change: +0.4%

- 5-year price change: +19.1%

#8. Lyons, OR

- Typical home value: $501,382

- 1-year price change: +4.9%

- 5-year price change: +24.6%

#7. Silverton, OR

- Typical home value: $553,767

- 1-year price change: -0.4%

- 5-year price change: +19.8%

#6. Sublimity, OR

- Typical home value: $578,267

- 1-year price change: +0.6%

- 5-year price change: +21.7%

#5. Turner, OR

- Typical home value: $582,873

- 1-year price change: +1.3%

- 5-year price change: +22.6%

#4. Saint Paul, OR

- Typical home value: $596,028

- 1-year price change: -0.4%

- 5-year price change: +14.9%

#3. Scotts Mills, OR

- Typical home value: $645,424

- 1-year price change: +1.0%

- 5-year price change: +16.4%

#2. Aurora, OR

- Typical home value: $686,293

- 1-year price change: -0.5%

- 5-year price change: +17.5%

#1. Rickreall, OR

- Typical home value: $729,763

- 1-year price change: +2.2%

- 5-year price change: +14.1%