Cities with the most expensive homes in the Pocatello 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 30-year fixed mortgage rate 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 Pocatello metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 9 cities and towns with data available were included in the list.

#9. Rockland, ID

– Typical home value: $259,094
– 1-year price change: +1.4%
– 5-year price change: +20.5%

#8. American Falls, ID

– Typical home value: $272,687
– 1-year price change: -0.8%
– 5-year price change: +29.4%

#7. Downey, ID

– Typical home value: $330,578
– 1-year price change: +1.9%
– 5-year price change: +30.0%

#6. Pocatello, ID

– Typical home value: $345,278
– 1-year price change: +0.6%
– 5-year price change: +31.8%

#5. Chubbuck, ID

– Typical home value: $388,481
– 1-year price change: +0.9%
– 5-year price change: +29.4%

#4. Fort Hall, ID

– Typical home value: $402,616
– 1-year price change: -0.7%
– 5-year price change: +30.8%

#3. McCammon, ID

– Typical home value: $440,437
– 1-year price change: -0.5%
– 5-year price change: +31.5%

#2. Lava Hot Springs, ID

– Typical home value: $459,212
– 1-year price change: -2.2%
– 5-year price change: +25.7%

#1. Inkom, ID

– Typical home value: $485,927
– 1-year price change: +0.1%
– 5-year price change: +33.6%