(STACKER) — 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 Myrtle Beach metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
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#30. Green Sea, SC
– Typical home value: $232,408
– 1-year price change: +0.4%
– 5-year price change: +75.1%
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#29. Navassa, NC
– Typical home value: $248,301
– 1-year price change: +5.9%
– 5-year price change: +86.8%
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#28. Loris, SC
– Typical home value: $255,865
– 1-year price change: +0.8%
– 5-year price change: +77.6%
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#27. Conway, SC
– Typical home value: $284,564
– 1-year price change: -0.7%
– 5-year price change: +67.8%
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#26. Longs, SC
– Typical home value: $291,837
– 1-year price change: -0.5%
– 5-year price change: +67.1%
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#25. Galivants Ferry, SC
– Typical home value: $292,041
– 1-year price change: +0.2%
– 5-year price change: +83.3%
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#24. Aynor, SC
– Typical home value: $298,599
– 1-year price change: +1.7%
– 5-year price change: +79.1%
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#23. Varnamtown, NC
– Typical home value: $301,492
– 1-year price change: -0.3%
– 5-year price change: +76.8%
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#22. Ash, NC
– Typical home value: $301,645
– 1-year price change: -0.8%
– 5-year price change: +54.4%
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#21. Myrtle Beach, SC
– Typical home value: $302,107
– 1-year price change: +0.3%
– 5-year price change: +63.6%
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#20. Little River, SC
– Typical home value: $307,420
– 1-year price change: +1.5%
– 5-year price change: +68.8%
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#19. Atlantic Beach, SC
– Typical home value: $308,055
– 1-year price change: +1.7%
– 5-year price change: +54.3%
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#18. Boiling Spring Lakes, NC
– Typical home value: $311,609
– 1-year price change: +1.0%
– 5-year price change: +70.7%
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#17. Calabash, NC
– Typical home value: $321,711
– 1-year price change: +3.8%
– 5-year price change: +81.1%
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#16. Shallotte, NC
– Typical home value: $322,246
– 1-year price change: +1.4%
– 5-year price change: +68.0%
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#15. Belville, NC
– Typical home value: $325,326
– 1-year price change: +3.1%
– 5-year price change: +75.5%
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#14. Carolina Shores, NC
– Typical home value: $329,623
– 1-year price change: +1.4%
– 5-year price change: +64.8%
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#13. Winnabow, NC
– Typical home value: $344,391
– 1-year price change: -3.3%
– 5-year price change: +56.8%
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#12. Leland, NC
– Typical home value: $382,451
– 1-year price change: +2.2%
– 5-year price change: +60.9%
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#11. Surfside Beach, SC
– Typical home value: $383,632
– 1-year price change: +2.3%
– 5-year price change: +73.8%
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#10. North Myrtle Beach, SC
– Typical home value: $398,113
– 1-year price change: +3.4%
– 5-year price change: +77.3%
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#9. Southport, NC
– Typical home value: $408,550
– 1-year price change: +2.0%
– 5-year price change: +65.9%
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#8. Sunset Beach, NC
– Typical home value: $430,543
– 1-year price change: +2.8%
– 5-year price change: +68.2%
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#7. Oak Island, NC
– Typical home value: $530,175
– 1-year price change: +1.2%
– 5-year price change: +96.4%
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#6. Ocean Isle Beach, NC
– Typical home value: $576,707
– 1-year price change: +1.2%
– 5-year price change: +70.3%
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#5. Caswell Beach, NC
– Typical home value: $625,977
– 1-year price change: +1.8%
– 5-year price change: +81.5%
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#4. Saint James, NC
– Typical home value: $698,331
– 1-year price change: +2.5%
– 5-year price change: +69.9%
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#3. Briarcliffe Acres, SC
– Typical home value: $772,404
– 1-year price change: +1.4%
– 5-year price change: +80.4%
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#2. Holden Beach, NC
– Typical home value: $838,959
– 1-year price change: -0.3%
– 5-year price change: +84.8%
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#1. Bald Head Island, NC
– Typical home value: $1,276,418
– 1-year price change: -1.1%
– 5-year price change: +73.4%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.
