Chatom, AL is a great place to consider when looking for a new home. The median value of the homes in Chatom is $140,400, which is significantly lower than the US median value of $338,100. In the past year alone, housing in Chatom has appreciated by 14.17%, which is higher than the national rate of 8.27%. This increase in appreciation indicates that investing in real estate in Chatom is a worthwhile endeavor and could potentially lead to gainful returns in the long run.
The median home cost in Chatom is $140,400. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Chatom is up 15.3%.
Average Age of Homes
- The median age of Chatom real estate is 48 years old
The Rental Market in Chatom
- Renters make up 25.7% of the Chatom population
- 4.3% of houses and apartments in Chatom, 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.