The housing market in Redland, AL is booming. The median value of a house in the area is $287,800, which is much lower than the national median value of $338,100. This makes it an attractive option for both buyers and sellers. In the past year alone, the US housing appreciation rate has been 8.27%. However, the appreciation rate in Redland has been even higher at 16.13%, demonstrating that this is an area that has seen great growth in recent times. Thus, investing in real estate in Redland appears to be a wise decision for those looking to capitalize on market trends.
The median home cost in Redland is $287,800. Home appreciation the last 10 years has been 46.0%. Home Appreciation in Redland is up 13.3%.
Average Age of Homes
- The median age of Redland real estate is 15 years old
The Rental Market in Redland
- Renters make up 12.1% of the Redland population
- 0.0% of houses and apartments in Redland, 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.