Rainbow City, AL is a great place to invest in real estate. Its housing median value is much lower than the US median value, making it an affordable option for homeowners. In addition, the appreciation rate of housing in Rainbow City, AL is more than double that of the US average - increasing by 17.72%, compared to 8.27%. This makes Rainbow City, AL an ideal place for people looking to invest in real estate and benefit from higher returns in a short period of time.
The median home cost in Rainbow City is $214,900. Home appreciation the last 10 years has been 65.1%. Home Appreciation in Rainbow City is up 17.9%.
Average Age of Homes
- The median age of Rainbow City real estate is 32 years old
The Rental Market in Rainbow City
- Renters make up 32.5% of the Rainbow City population
- 4.4% of houses and apartments in Rainbow 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.