Cities with the most expensive homes in the El Centro 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 $360,999 in September, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 17, the 30-year fixed mortgage rate sits at 6.44%.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 El Centro metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.
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#7. Calipatria, CA
- Typical home value: $242,566
- 1-year price change: +5.2%
- 5-year price change: +34.9%
#6. Holtville, CA
- Typical home value: $323,025
- 1-year price change: +2.5%
- 5-year price change: +27.9%
#5. Brawley, CA
- Typical home value: $326,710
- 1-year price change: +5.1%
- 5-year price change: +40.8%
#4. Heber, CA
- Typical home value: $351,874
- 1-year price change: +6.7%
- 5-year price change: +39.6%
#3. Calexico, CA
- Typical home value: $358,833
- 1-year price change: +5.9%
- 5-year price change: +43.0%
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#2. El Centro, CA
- Typical home value: $359,731
- 1-year price change: +6.8%
- 5-year price change: +43.7%
#1. Imperial, CA
- Typical home value: $397,535
- 1-year price change: +6.8%
- 5-year price change: +56.3%