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It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.
The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.
Stacker compiled a list of cities with the fastest-growing home prices in Mansfield, OH metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 9 cities and towns with data available were included in the list.
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– 1-year price change: +$12,181 (+9.8%)
– 5-year price change: +$42,301 (+44.8%)
– Typical home value: $136,779 (#8 most expensive city in metro)
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– 1-year price change: +$17,698 (+16.1%)
– 5-year price change: +$42,559 (+49.9%)
– Typical home value: $127,825 (#9 most expensive city in metro)
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– 1-year price change: +$18,319 (+13.2%)
– 5-year price change: +$60,016 (+61.6%)
– Typical home value: $157,437 (#7 most expensive city in metro)
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– 1-year price change: +$23,986 (+13.8%)
– 5-year price change: +$73,383 (+59.2%)
– Typical home value: $197,305 (#6 most expensive city in metro)
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– 1-year price change: +$25,645 (+13.7%)
– 5-year price change: +$78,473 (+58.2%)
– Typical home value: $213,292 (#4 most expensive city in metro)
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– 1-year price change: +$27,042 (+15.2%)
– 5-year price change: +$77,129 (+60.1%)
– Typical home value: $205,407 (#5 most expensive city in metro)
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– 1-year price change: +$28,346 (+14.3%)
– 5-year price change: +$88,511 (+63.9%)
– Typical home value: $227,031 (#2 most expensive city in metro)
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– 1-year price change: +$29,234 (+13.6%)
– 5-year price change: +$97,421 (+66.1%)
– Typical home value: $244,744 (#1 most expensive city in metro)
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– 1-year price change: +$31,807 (+17.4%)
– 5-year price change: +$77,946 (+56.9%)
– Typical home value: $214,953 (#3 most expensive city in metro)
Cities with the fastest growing home prices in Mansfield metro area
