Special to 1812Blockhouse
It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not 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 using data from Zillow. Cities are ranked by 1-year price change as of April 2022. The charts in this story were created automatically using Matplotlib. The typical home value in the United States increased over the last year by +20.9% to $334,141.
Mansfield
1-year price change: +$17,087 (+16.8%)- 5-year price change: +$37,935 (+46.9%)- Typical home value: $118,895
Plymouth
1-year price change: +$17,237 (+15.5%)- 5-year price change: +$42,009 (+48.7%)- Typical home value: $128,326
Shelby
1-year price change: +$19,292 (+14.9%)- 5-year price change: +$56,169 (+60.5%)- Typical home value: $148,998
Ontario
1-year price change: +$20,938 (+12.9%)- 5-year price change: +$67,528 (+58.3%)- Typical home value: $183,387
Lexington
1-year price change: +$23,537 (+13.9%)- 5-year price change: +$71,988 (+59.4%)- Typical home value: $193,202
Shiloh
1-year price change: +$23,548 (+13.3%)- 5-year price change: +$77,829 (+63.1%)- Typical home value: $201,222
Lucas
1-year price change: +$32,708 (+19.1%)- 5-year price change: +$74,865 (+57.9%)- Typical home value: $204,188
Bellville
1-year price change: +$32,708 (+19.1%)- 5-year price change: +$74,865 (+57.9%)- Typical home value: $204,188
Butler
1-year price change: +$37,710 (+20.9%)- 5-year price change: +$89,193 (+69.2%)- Typical home value: $218,021
This story originally appeared in ZeroDown and was produced and distributed in partnership with Slacker Studio. This article has been republished pursuant to a CC BY NC 4.0 License.
