The housing market in Newville, AL is thriving. The median value of a home is $121,800, which is substantially lower than the US housing median value of $338,100. Home values have appreciated in the last year by 10.93%, which is higher than the national appreciation rate of 8.27%. This suggests that Newville's housing market is an attractive option for potential buyers looking for an affordable place to live with great appreciation potential.
The median home cost in Newville is $121,800. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Newville is up 12.8%.
Average Age of Homes
- The median age of Newville real estate is 46 years old
The Rental Market in Newville
- Renters make up 23.3% of the Newville population
- 8.0% of houses and apartments in Newville, 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.