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 $371,757 in July, 1.1% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of August 13, the 30-year fixed mortgage rate sits at 6.67%.

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: $258,636
– 1-year price change: +2.7%
– 5-year price change: +12.8%

#8. American Falls, ID

– Typical home value: $277,398
– 1-year price change: +1.1%
– 5-year price change: +23.0%

#7. Downey, ID

– Typical home value: $338,024
– 1-year price change: +3.2%
– 5-year price change: +24.9%

#6. Pocatello, ID

– Typical home value: $346,110
– 1-year price change: +1.3%
– 5-year price change: +25.1%

#5. Chubbuck, ID

– Typical home value: $388,663
– 1-year price change: +1.3%
– 5-year price change: +21.9%

#4. Fort Hall, ID

– Typical home value: $404,606
– 1-year price change: -0.2%
– 5-year price change: +26.2%

#3. McCammon, ID

– Typical home value: $445,639
– 1-year price change: +0.6%
– 5-year price change: +24.6%

#2. Lava Hot Springs, ID

– Typical home value: $457,187
– 1-year price change: -1.4%
– 5-year price change: +19.0%

#1. Inkom, ID

– Typical home value: $489,050
– 1-year price change: +1.0%
– 5-year price change: +26.5%