The housing market in Black, AL is an attractive option for potential homeowners. The median value of homes is $156,400, which is significantly lower than the US median value of $338,100. In addition to this lower cost of entry, the 1 year appreciation rate in Black, AL is 10.93%, which is higher than the 8.27% rate seen nationally. This demonstrates a strong upward trend and makes Black a desirable location for those looking to invest in real estate.
The median home cost in Black is $156,400. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Black is up 12.8%.
Average Age of Homes
- The median age of Black real estate is 50 years old
The Rental Market in Black
- Renters make up 23.3% of the Black population
- 0.0% of houses and apartments in Black, 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.