The housing in Glencoe, AL is a great investment opportunity. The median value of houses in the city is $170,200, which is significantly lower than the US House Median Value of $338,100. Furthermore, the 1-year house appreciation rate in Glencoe, AL was 17.72%, more than double the 8.27% appreciation rate for the US as a whole over the same period. This demonstrates that investing in housing in Glencoe would be a wise decision as property values are steadily increasing with time.
The median home cost in Glencoe is $170,200. Home appreciation the last 10 years has been 65.1%. Home Appreciation in Glencoe is up 17.9%.
Average Age of Homes
- The median age of Glencoe real estate is 38 years old
The Rental Market in Glencoe
- Renters make up 25.6% of the Glencoe population
- 0.9% of houses and apartments in Glencoe, 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.