The housing market in Daphne-Fairhope-Foley, AL Metro Area is one of the most desirable in the country. The median value for a house here is $357,700, much higher than the US median value of $338,100. In addition to having higher values overall, houses have seen an appreciation of 16.13% within the last year, which is much higher than the 8.27% national average. With these impressive figures, Daphne-Fairhope-Foley is quickly becoming a sought after community for potential homeowners looking for a home with good value and potential for ROI.
The median home cost in Daphne-Fairhope-Foley Metro Area is $357,700. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Daphne-Fairhope-Foley Metro Area is up 15.3%.
Average Age of Homes
- The median age of Daphne-Fairhope-Foley Metro Area real estate is 23 years old
The Rental Market in Daphne-Fairhope-Foley Metro Area
- Renters make up 19.8% of the Daphne-Fairhope-Foley Metro Area population
- 13.7% of houses and apartments in Daphne-Fairhope-Foley Metro Area, 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.