The housing market in Bessemer, AL is an attractive option for many buyers due to its relatively low median home value of $108,600, which is much lower than the US median of $338,100. Additionally, the one year appreciation rate for homes in Bessemer is 13.53%, which significantly outpaces the 8.27% growth experienced nationally over the same period. This makes it an ideal time to purchase a home in Bessemer as buyers can anticipate further growth in their property value over time.
The median home cost in Bessemer is $108,600. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Bessemer is up 19.7%.
Average Age of Homes
- The median age of Bessemer real estate is 55 years old
The Rental Market in Bessemer
- Renters make up 35.3% of the Bessemer population
- 3.6% of houses and apartments in Bessemer, 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.