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 $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the 30-year fixed mortgage rate sits at 6.95%.

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: $263,958
– 1-year price change: +3.1%
– 5-year price change: +10.2%

#8. American Falls, ID

– Typical home value: $282,048
– 1-year price change: +2.5%
– 5-year price change: +21.2%

#7. Downey, ID

– Typical home value: $337,684
– 1-year price change: +3.9%
– 5-year price change: +22.5%

#6. Pocatello, ID

– Typical home value: $343,159
– 1-year price change: +1.6%
– 5-year price change: +22.3%

#5. Chubbuck, ID

– Typical home value: $385,513
– 1-year price change: +1.5%
– 5-year price change: +18.7%

#4. Fort Hall, ID

– Typical home value: $403,938
– 1-year price change: +0.1%
– 5-year price change: +24.4%

#3. McCammon, ID

– Typical home value: $439,833
– 1-year price change: +1.5%
– 5-year price change: +22.6%

#2. Lava Hot Springs, ID

– Typical home value: $456,416
– 1-year price change: -0.8%
– 5-year price change: +16.6%

#1. Inkom, ID

– Typical home value: $487,239
– 1-year price change: +1.6%
– 5-year price change: +23.8%