The housing market in Selmont-West Selmont, AL is relatively affordable with a median value of $55,400 compared to the US median value of $338,100. Moreover, the 1 year house appreciation rate in Selmont-West Selmont is 14.92%, which is higher than the US house appreciation rate at 8.27%. This indicates that property values are rising faster than the national average and this makes it an attractive place for potential buyers who want to invest in real estate.
The median home cost in Selmont-West Selmont is $55,400. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Selmont-West Selmont is up 18.1%.
Average Age of Homes
- The median age of Selmont-West Selmont real estate is 44 years old
The Rental Market in Selmont-West Selmont
- Renters make up 35.9% of the Selmont-West Selmont population
- 6.4% of houses and apartments in Selmont-West Selmont, 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.