The housing market in Edgewater, AL is a great option for potential home buyers. The median value of homes in Edgewater is significantly lower than the national average at $61,800 compared to $338,100. Despite the lower cost, homes in Edgewater have still appreciated over the last year by 8.80%, which is higher than the national average appreciation of 8.27%. Therefore, Edgewater offers a great opportunity to purchase a house that will be an asset and has potential to appreciate in value over time.
The median home cost in Edgewater is $61,800. Home appreciation the last 10 years has been 83.0%. Home Appreciation in Edgewater is up 14.3%.
Average Age of Homes
- The median age of Edgewater real estate is 29 years old
The Rental Market in Edgewater
- Renters make up 40.9% of the Edgewater population
- 0.0% of houses and apartments in Edgewater, 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.