Millbrook, AL is seeing a faster growth in housing value than the US overall. The median value of houses in Millbrook is $181,000 - significantly lower than the US median of $338,100. However, over the past year, house appreciation in Millbrook has been 16.13% compared to 8.27% for the US overall. This indicates that there are great investment opportunities in Millbrook right now as housing prices continue to rise significantly higher than the national average.
The median home cost in Millbrook is $181,000. Home appreciation the last 10 years has been 46.0%. Home Appreciation in Millbrook is up 13.3%.
Average Age of Homes
- The median age of Millbrook real estate is 22 years old
The Rental Market in Millbrook
- Renters make up 28.4% of the Millbrook population
- 1.5% of houses and apartments in Millbrook, 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.