The housing market in Spruce Pine, AL is quite impressive. The median value of a house in the area is $178,600 which is significantly lower than the US House Median Value of $338,100. Yet despite the lower price point, the 1 year House Appreciation rate in Spruce Pine is 14.92%, much higher than the US rate of 8.27%. This indicates that home prices are rising quickly and that Spruce Pine offers an excellent investment opportunity for potential homeowners.
The median home cost in Spruce Pine is $178,600. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Spruce Pine is up 18.1%.
Average Age of Homes
- The median age of Spruce Pine real estate is 49 years old
The Rental Market in Spruce Pine
- Renters make up 0.0% of the Spruce Pine population
- 0.0% of houses and apartments in Spruce Pine, 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.