The housing market in Newbern, AL is very different from the national trend. The median value of houses in Newbern is about a quarter of the national median of $338,100. However, over the past year, house appreciation in Newbern has been much higher than the national rate of 8.27%, coming in at 14.92%. Despite the lower median value, this rapid appreciation shows that the housing market in Newbern is strong and growing quickly.
The median home cost in Newbern is $88,600. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Newbern is up 18.1%.
Average Age of Homes
- The median age of Newbern real estate is 50 years old
The Rental Market in Newbern
- Renters make up 12.8% of the Newbern population
- 0.0% of houses and apartments in Newbern, 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.