McKenzie, AL is a great place to invest in real estate. The median value of housing in McKenzie is significantly lower than the US median at just over $98,100. This makes buying an affordable option for those looking to own their homes. Over the last year, house appreciation rates have been quite high at 14.92%, more than 6% higher than the national average of 8.27%. Investing in real estate in McKenzie is sure to be a good decision for those looking for a great return on investment.
The median home cost in McKenzie is $98,100. Home appreciation the last 10 years has been 61.6%. Home Appreciation in McKenzie is up 18.1%.
Average Age of Homes
- The median age of McKenzie real estate is 40 years old
The Rental Market in McKenzie
- Renters make up 24.5% of the McKenzie population
- 3.8% of houses and apartments in McKenzie, 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.