Ranburne, AL is a great place to own a home. The median value of homes in Ranburne is lower than the US median at $233,100 compared to $338,100 for the country as a whole. Despite this lower cost of living, homeowners in Ranburne have seen higher appreciation over the past year than the US average with a 12.26% increase compared to 8.27%. This makes investing in housing in Ranburne an attractive option for those looking for a good return on their investment.
The median home cost in Ranburne is $233,100. Home appreciation the last 10 years has been 60.3%. Home Appreciation in Ranburne is up 17.7%.
Average Age of Homes
- The median age of Ranburne real estate is 41 years old
The Rental Market in Ranburne
- Renters make up 18.4% of the Ranburne population
- 3.6% of houses and apartments in Ranburne, 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.