The housing market in New Union, AL is thriving. The median value of homes in the area is $150,300, which is significantly lower than the US median value of $338,100. In the past year, the appreciation rate for house prices in New Union has been an impressive 17.72%, much higher than the US average of 8.27%. This indicates that people are investing heavily into real estate in New Union, with prices steadily increasing. It is a great time to buy a home in this area and profits can be expected for future investments.
The median home cost in New Union is $150,300. Home appreciation the last 10 years has been 65.1%. Home Appreciation in New Union is up 17.9%.
Average Age of Homes
- The median age of New Union real estate is 38 years old
The Rental Market in New Union
- Renters make up 17.0% of the New Union population
- 0.0% of houses and apartments in New Union, 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.