Cities with the most expensive homes in the Yuma 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 Yuma metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 5 cities and towns with data available were included in the list.

#5. San Luis, AZ

– Typical home value: $238,894
– 1-year price change: +2.1%
– 5-year price change: +38.5%

#4. Gadsden, AZ

– Typical home value: $246,026
– 1-year price change: +1.3%
– 5-year price change: +39.6%

#3. Wellton, AZ

– Typical home value: $249,433
– 1-year price change: -1.2%
– 5-year price change: +31.2%

#2. Somerton, AZ

– Typical home value: $271,286
– 1-year price change: +3.6%
– 5-year price change: +40.6%

#1. Yuma, AZ

– Typical home value: $297,928
– 1-year price change: +0.9%
– 5-year price change: +35.2%