The housing market in Vance, AL is thriving, with a median value of $194,500 that surpasses the US house median value of $338,100. The 1-year appreciation rate in Vance has also been higher than the national average at 10.89%, compared to 8.27%. This bodes well for those looking to invest in real estate in Vance as it suggests that values will continue to increase in the near future.
The median home cost in Vance is $194,500. Home appreciation the last 10 years has been 57.0%. Home Appreciation in Vance is up 13.8%.
Average Age of Homes
- The median age of Vance real estate is 16 years old
The Rental Market in Vance
- Renters make up 14.0% of the Vance population
- 1.8% of houses and apartments in Vance, 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.