The housing market in Bakerhill, AL is thriving. The median value of a house in the area is $135,900, which is significantly lower than the US median value of $338,100. This provides an attractive opportunity for potential buyers looking for affordable real estate. House prices in Bakerhill have also appreciated by 16.13% over the past year while the US average appreciation rate was 8.27%. This higher appreciation rate shows that demand for housing in the area has been very strong and suggests that investments made here are likely to be profitable.
The median home cost in Bakerhill is $135,900. Home appreciation the last 10 years has been 46.0%. Home Appreciation in Bakerhill is up 13.3%.
Average Age of Homes
- The median age of Bakerhill real estate is 37 years old
The Rental Market in Bakerhill
- Renters make up 12.2% of the Bakerhill population
- 2.3% of houses and apartments in Bakerhill, 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.