Midland City, AL is a great place to invest in housing. The median value of housing in the area is $124,300, which is noticeably lower than the national median value of $338,100. However, in the last year the appreciation rate of houses in Midland City has been 10.93%, which is higher than the national average of 8.27%. This makes now an ideal time for anyone looking to invest in real estate in Midland City as there is potential for excellent yields on investment.
The median home cost in Midland City is $124,300. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Midland City is up 12.8%.
Average Age of Homes
- The median age of Midland City real estate is 38 years old
The Rental Market in Midland City
- Renters make up 46.6% of the Midland City population
- 5.5% of houses and apartments in Midland 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.