Housing in Bon Air, AL is more affordable than the US median value at $96,300. Additionally, the house appreciation rate in Bon Air is higher than the US rate at 13.08% compared to 8.27%. This suggests that investing in housing in Bon Air could potentially yield a greater return than investing in other areas of the United States. Moreover, considering the lower median value of homes in Bon Air it can be argued that there is a potential for higher returns on investment due to the decreased entry cost into real estate market.
The median home cost in Bon Air is $96,300. Home appreciation the last 10 years has been 75.9%. Home Appreciation in Bon Air is up 19.3%.
Average Age of Homes
- The median age of Bon Air real estate is 46 years old
The Rental Market in Bon Air
- Renters make up 22.0% of the Bon Air population
- 0.0% of houses and apartments in Bon Air, 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.