The housing market in Colony, AL is on the rise. The median value of a home in Colony, AL is currently $116,000, which is significantly lower than the US house median value of $338,100. In addition to being more affordable, the appreciation rate of homes in Colony, AL has been higher as well. Over the past year, house appreciation has increased by 13.55%, which is substantially more than the US 1 year house appreciation rate of 8.27%. This makes Colony, AL a great place to buy or invest in a home for those looking for an excellent return on investment.
The median home cost in Colony is $116,000. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Colony is up 19.7%.
Average Age of Homes
- The median age of Colony real estate is 31 years old
The Rental Market in Colony
- Renters make up 17.1% of the Colony population
- 0.0% of houses and apartments in Colony, 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.