The housing market in Ridgeville, AL is booming. The median value of homes in the area is currently $95,300 - a significantly lower amount than the US median value of $338,100. This past year, house appreciation across the US was 8.27%, but in Ridgeville, it was even higher at 17.72%. This indicates that real estate in this area is highly desirable and could provide great potential for growth over the next few years.
The median home cost in Ridgeville is $95,300. Home appreciation the last 10 years has been 65.1%. Home Appreciation in Ridgeville is up 17.9%.
Average Age of Homes
- The median age of Ridgeville real estate is 42 years old
The Rental Market in Ridgeville
- Renters make up 23.6% of the Ridgeville population
- 6.3% of houses and apartments in Ridgeville, 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.