The housing market in Enterprise, AL is booming. The median value of homes in Enterprise is $191,100, which is significantly lower than the US median house value of $338,100. Over the last year, house appreciation in Enterprise has been 10.93%, much higher than the US average of 8.27%. This impressive increase in value indicates that this area is quickly becoming an attractive place to purchase a home. This trend shows no signs of stopping, making it a great time to invest in real estate in Enterprise now before prices continue to rise.
The median home cost in Enterprise is $191,100. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Enterprise is up 12.8%.
Average Age of Homes
- The median age of Enterprise real estate is 33 years old
The Rental Market in Enterprise
- Renters make up 31.0% of the Enterprise population
- 2.9% of houses and apartments in Enterprise, 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.