Cities with the most expensive homes in the Norwich 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 $362,117 in October, 0.1% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of November 20, the 30-year fixed mortgage rate

sits at 6.26%.

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

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