Hanceville, AL is an attractive housing market due to its affordability and appreciation rate. The median value of houses in Hanceville is $191,500, which is far lower than the US median value of $338,100. Additionally, the 1 year house appreciation rate in Hanceville is 13.55%, which is much higher than the US average of 8.27%. This combination makes Hanceville ideal for those looking for a more affordable option with strong potential for house price gains in the short-term.
The median home cost in Hanceville is $191,500. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Hanceville is up 19.7%.
Average Age of Homes
- The median age of Hanceville real estate is 39 years old
The Rental Market in Hanceville
- Renters make up 40.1% of the Hanceville population
- 6.2% of houses and apartments in Hanceville, 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.