The housing in Morrison Crossroads, AL is very desirable and has been steadily increasing in value. The median value of housing in this area is currently $218,700, which is significantly lower than the US house median of $338,100. This allows buyers to purchase more house for their money while still enjoying a higher quality of living. Over the last year, the appreciation rate for housing in Morrison Crossroads has been 12.26%, nearly four percent higher than that of the national average at 8.27%. Investing in real estate here can be a great financial decision for those looking to increase their wealth and find a home they love.
The median home cost in Morrison Crossroads is $218,700. Home appreciation the last 10 years has been 60.3%. Home Appreciation in Morrison Crossroads is up 17.7%.
Average Age of Homes
- The median age of Morrison Crossroads real estate is 26 years old
The Rental Market in Morrison Crossroads
- Renters make up 19.0% of the Morrison Crossroads population
- 0.0% of houses and apartments in Morrison Crossroads, 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.