The housing in Lipscomb, AL is quite affordable compared to the US median value. The median value of a home in Lipscomb is $77,100 which is significantly lower than the US median value of $338,100. In the past year, house appreciation in Lipscomb has been 13.55%, higher than the national average of 8.27%. However, despite this increase in value, it remains much lower than other parts of the US making it an attractive option for those looking for a more affordable place to buy or rent a home.
The median home cost in Lipscomb is $77,100. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Lipscomb is up 19.7%.
Average Age of Homes
- The median age of Lipscomb real estate is 53 years old
The Rental Market in Lipscomb
- Renters make up 27.1% of the Lipscomb population
- 1.5% of houses and apartments in Lipscomb, 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.