The housing market in Luverne, AL is thriving. The median value of homes in the area is $126,200, which is significantly lower than the US median house value of $338,100. In addition to offering an affordable option on home ownership in comparison to other parts of the country, Luverne residents have enjoyed a rate of appreciation that has far outpaced the national average. Over the past year, US housing prices have appreciated by 8.27%, while those in Luverne have risen by 16.13%. This trend suggests that Luverne is likely to become an increasingly attractive option for people looking for a place to call home.
The median home cost in Luverne is $126,200. Home appreciation the last 10 years has been 46.0%. Home Appreciation in Luverne is up 13.3%.
Average Age of Homes
- The median age of Luverne real estate is 43 years old
The Rental Market in Luverne
- Renters make up 42.5% of the Luverne population
- 4.5% of houses and apartments in Luverne, 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.