New Market, AL is a great place to invest in housing. The median value of housing in the area is currently $240,000, which is lower than the US median value of $338,100. What makes New Market particularly attractive is that the one-year appreciation rate for houses in the area has been 14.36%, higher than the US national average of 8.27%. This suggests that investing in New Market real estate may bring about a higher return on investment compared to elsewhere in the United States.
The median home cost in New Market is $240,000. Home appreciation the last 10 years has been 85.8%. Home Appreciation in New Market is up 23.2%.
Average Age of Homes
- The median age of New Market real estate is 29 years old
The Rental Market in New Market
- Renters make up 20.7% of the New Market population
- 0.0% of houses and apartments in New Market, 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.