The housing market in Opelika, AL is flourishing. The median value of a house in the city is $249,500, which is significantly lower than the US median value of $338,100. However, this difference results in higher appreciation rates for Opelika's housing market when compared to the national average. Specifically, houses in Opelika have appreciated at a rate of 11.26% over the past year whereas homes across the United States have only increased by 8.27%. Therefore, individuals looking to purchase a home may do well to investigate real estate opportunities in Opelika as it looks to be a hot spot for housing appreciation and investment.
The median home cost in Opelika is $249,500. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Opelika is up 13.5%.
Average Age of Homes
- The median age of Opelika real estate is 35 years old
The Rental Market in Opelika
- Renters make up 34.5% of the Opelika population
- 3.3% of houses and apartments in Opelika, 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.