The housing in Magnolia Springs, AL is experiencing a high level of appreciation compared to the rest of the US. The median value for houses in Magnolia Springs has been estimated at $227,700, which is significantly lower than the US median house value of $338,100. In the last year, the US housing market has seen an appreciation of 8.27%, but Magnolia Springs has seen an even higher rate of appreciation at 14.17%. This could be indicative of a strong real estate market in the area that may be attractive to potential homebuyers. With house values that remain significantly lower than other parts of the country and a higher rate of appreciation, Magnolia Springs appears to be an ideal location for those looking to invest in or purchase a home.
The median home cost in Magnolia Springs is $227,700. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Magnolia Springs is up 15.3%.
Average Age of Homes
- The median age of Magnolia Springs real estate is 40 years old
The Rental Market in Magnolia Springs
- Renters make up 7.6% of the Magnolia Springs population
- 1.7% of houses and apartments in Magnolia Springs, 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.