Bay Minette, AL is an excellent place to invest in a home due to its comparatively low median value of $198,800 compared to the US median value of $338,100. On top of that, the housing appreciation rate for Bay Minette is even higher than the US average at 14.17%, making it a great option for those looking to increase their equity in a given year. With all these factors taken into consideration, it is clear why Bay Minette is a desirable community for potential homeowners and investors alike.
The median home cost in Bay Minette is $198,800. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Bay Minette is up 15.3%.
Average Age of Homes
- The median age of Bay Minette real estate is 37 years old
The Rental Market in Bay Minette
- Renters make up 34.8% of the Bay Minette population
- 1.6% of houses and apartments in Bay Minette, 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.