Housing in Florala, AL is considerably more affordable than the national median value at $338,100. The median value in Florala is $112,200, and the appreciation rate of 1 year for housing has been 14.92%. This appreciation rate is significantly higher than the US average of 8.27%, making it an attractive option to potential home buyers looking for a bargain. The median value of homes in Florala makes it a desirable place for people looking for affordable housing options.
The median home cost in Florala is $112,200. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Florala is up 18.1%.
Average Age of Homes
- The median age of Florala real estate is 38 years old
The Rental Market in Florala
- Renters make up 29.4% of the Florala population
- 1.5% of houses and apartments in Florala, 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.