The housing market in Monroeville, AL is doing very well compared to the national average. The median value of a house in Monroeville is $121,800, which is significantly lower than the national median value of $338,100. The US house appreciation rate over the past year has been 8.27%, but in Monroeville it has been even higher at 14.92%. This shows that the housing market in Monroeville is booming and offers an excellent opportunity for potential homebuyers who are looking for a great deal on their new home.
The median home cost in Monroeville is $121,800. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Monroeville is up 18.1%.
Average Age of Homes
- The median age of Monroeville real estate is 37 years old
The Rental Market in Monroeville
- Renters make up 26.7% of the Monroeville population
- 5.8% of houses and apartments in Monroeville, 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.