The housing market in Fayette, AL is a great place to invest. The median value of homes in Fayette is $112,400, compared to the national median of $338,100. In the last year alone, home appreciation has been 14.92%, much higher than the 8.27% national average. Investing in Fayette's housing market is a great way to build wealth and capitalize on strong returns with minimal risk.
The median home cost in Fayette is $112,400. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Fayette is up 18.1%.
Average Age of Homes
- The median age of Fayette real estate is 45 years old
The Rental Market in Fayette
- Renters make up 44.5% of the Fayette population
- 7.4% of houses and apartments in Fayette, 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.