Housing in Hobson City, AL is quite affordable compared to the US housing median value of $338,100. The median housing value in this area is only $87,700. In the past year, house appreciation has been very significant with an increase of 12.26% compared to 8.27% for the US overall. This makes Hobson City an attractive place to invest in housing, offering more potential for growth than the national average.
The median home cost in Hobson City is $87,700. Home appreciation the last 10 years has been 60.3%. Home Appreciation in Hobson City is up 17.7%.
Average Age of Homes
- The median age of Hobson City real estate is 43 years old
The Rental Market in Hobson City
- Renters make up 31.7% of the Hobson City population
- 1.3% of houses and apartments in Hobson City, 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.