The housing market in Flomaton, AL is very attractive. The median value of a house is $132,900 which is significantly lower than the US median value of $338,100. Additionally, the 1 year house appreciation rate in Flomaton is 14.92%, which is much higher than the US average of 8.27%. This makes it an excellent investment opportunity and an ideal place for those looking to purchase a home or invest in real estate.
The median home cost in Flomaton is $132,900. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Flomaton is up 18.1%.
Average Age of Homes
- The median age of Flomaton real estate is 35 years old
The Rental Market in Flomaton
- Renters make up 34.5% of the Flomaton population
- 2.1% of houses and apartments in Flomaton, 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.