The housing market in Cottondale, AL is thriving. The median value of homes in the area is $172,600, which is significantly lower than the US median of $338,100. Despite this lower cost of housing, appreciation rates are actually higher than the US average. In fact, in the last year alone, house appreciation in Cottondale has been an impressive 10.84%, compared to 8.27% nationally. This indicates a strong and growing housing market in Cottondale that is outpacing the rest of the country.
The median home cost in Cottondale is $172,600. Home appreciation the last 10 years has been 56.4%. Home Appreciation in Cottondale is up 13.6%.
Average Age of Homes
- The median age of Cottondale real estate is 36 years old
The Rental Market in Cottondale
- Renters make up 26.7% of the Cottondale population
- 3.1% of houses and apartments in Cottondale, 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.