Cities with the most expensive homes in the Owensboro 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 a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.

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 Owensboro metro area using data from Zillow. Charts show the monthly typical home value since January 2018.

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#12. Island, KY

– Typical home value: $106,454
– 1-year price change: +0.2%
– 5-year price change: +54.4%

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#11. Livermore, KY

– Typical home value: $108,070
– 1-year price change: -6.0%
– 5-year price change: +40.9%

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#10. Sacramento, KY

– Typical home value: $110,167
– 1-year price change: -5.3%
– 5-year price change: +43.0%

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#9. Fordsville, KY

– Typical home value: $123,014
– 1-year price change: -7.5%
– 5-year price change: -2.8%

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#8. Calhoun, KY

– Typical home value: $143,042
– 1-year price change: -0.9%
– 5-year price change: +44.6%

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#7. Maceo, KY

– Typical home value: $155,075
– 1-year price change: +3.5%
– 5-year price change: +49.0%

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#6. Whitesville, KY

– Typical home value: $165,246
– 1-year price change: +2.8%
– 5-year price change: +41.9%

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#5. Lewisport, KY

– Typical home value: $168,308
– 1-year price change: +2.3%
– 5-year price change: +49.6%

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#4. Hawesville, KY

– Typical home value: $180,605
– 1-year price change: +1.2%
– 5-year price change: +49.7%

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#3. Owensboro, KY

– Typical home value: $185,483
– 1-year price change: +4.3%
– 5-year price change: +49.5%

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#2. Utica, KY

– Typical home value: $200,637
– 1-year price change: +2.7%
– 5-year price change: +41.8%

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#1. Philpot, KY

– Typical home value: $225,021
– 1-year price change: +3.9%
– 5-year price change: +49.1%

This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.