The housing market in Foley, AL is booming. The median value of a house in Foley is $276,300, which is significantly lower than the US house median value of $338,100. However, the 1 year house appreciation rate for the US is 8.27%, while that of Foley is 14.17% - indicating a much healthier growth in property prices in this area. With such an impressive rate of growth and competitive prices, it's no wonder why so many people are looking to invest in real estate in Foley.
The median home cost in Foley is $276,300. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Foley is up 15.3%.
Average Age of Homes
- The median age of Foley real estate is 20 years old
The Rental Market in Foley
- Renters make up 30.2% of the Foley population
- 4.8% of houses and apartments in Foley, 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.