The housing market in Lanett, AL is thriving with a median value of $93,100. This is significantly lower than the US median value of $338,100 and makes Lanett an attractive option for potential homebuyers looking for a good deal. Additionally, the 1 year house appreciation in Lanett is 11.26%, which is higher than the US 1 year house appreciation of 8.27%. This means that homes in Lanett are increasing in value faster than they are across the country, making it a great place to invest in property.
The median home cost in Lanett is $93,100. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Lanett is up 13.5%.
Average Age of Homes
- The median age of Lanett real estate is 51 years old
The Rental Market in Lanett
- Renters make up 37.3% of the Lanett population
- 1.5% of houses and apartments in Lanett, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.