Housing in Cottonwood, AL is very affordable compared to the US median house value of $338,100. The median housing value in Cottonwood, AL is $133,200 which is significantly lower than the national average. In addition to this affordability, homeowners in Cottonwood have seen a 10.93% appreciation in their homes over the past year which is higher than the 8.27% national average for 1-year house appreciation. This makes Cottonwood an attractive option for those looking for a more affordable housing market with good investment potential.
The median home cost in Cottonwood is $133,200. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Cottonwood is up 12.8%.
Average Age of Homes
- The median age of Cottonwood real estate is 40 years old
The Rental Market in Cottonwood
- Renters make up 27.9% of the Cottonwood population
- 1.7% of houses and apartments in Cottonwood, 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.