The housing market in Lynn, AL is thriving. In comparison to the US median value of $338,100, the median value of homes in Lynn is currently at $120,700. This is considerably lower than the national average and an attractive prospect for individuals looking to purchase a home in this area. Moreover, the 1 year appreciation rate for houses in Lynn has been estimated at 14.92%, which is much higher than the US average of 8.27%. This indicates that investing in property here could be very profitable and potentially yield great returns on investments. All these factors make Lynn a desirable place to buy a home or invest in real estate.
The median home cost in Lynn is $120,700. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Lynn is up 18.1%.
Average Age of Homes
- The median age of Lynn real estate is 45 years old
The Rental Market in Lynn
- Renters make up 24.5% of the Lynn population
- 1.7% of houses and apartments in Lynn, 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.