Montevallo, AL Housing

The housing market in Montevallo, AL is currently thriving. The median value of a house in Montevallo is $220,800, which is significantly lower than the U.S. house median value of $338,100. Additionally, the 1 year appreciation rate for houses in Montevallo is 12.10%, which is significantly higher than the U.S. average of 8.27%. This shows that the housing market in Montevallo provides an excellent investment opportunity and is becoming increasingly desirable to potential buyers due to its comparatively low house prices and high appreciation rates.

The median home cost in Montevallo is $220,800. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Montevallo is up 18.4%.

Average Age of Homes

- The median age of Montevallo real estate is 29 years old

The Rental Market in Montevallo

- Renters make up 36.6% of the Montevallo population
- 2.2% of houses and apartments in Montevallo, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Montevallo, Alabama	United States
	2,526.0	139,647,020.0
	30	42
	$220,800	$338,100
	18.4%	16.6%
	54.7%	57.0%
	73.2%	101.1%
	$4.10	$10.98
	$669	$2,690
	59.2%	57.4%
	6.8%	11.2%
	33.9%	31.4%
Vacant Housing
	2.2%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.3%	3.6%
	3.3%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.7%	2.4%
	1.4%	2.8%
	3.7%	3.9%
	1.8%	4.5%
	26.7%	11.3%
	43.9%	13.0%
	15.5%	20.1%
	2.9%	13.6%
	1.3%	8.3%
	0.3%	9.7%
	0.3%	3.9%
	0.0%	2.2%
	0.8%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	22.6%	13.6%
	22.6%	13.6%
	22.8%	13.6%
	11.0%	13.2%
	12.7%	14.8%
	22.8%	13.6%
	8.0%	10.0%
	1.8%	4.7%
	9.1%	12.2%