River Falls, AL is an attractive place to purchase a home due to its relatively low median housing value compared to the national median. With a median house value of $89,300, River Falls offers plenty of budget options for potential home owners. While the national house appreciation rate over the past year stands at 8.27%, River Falls has seen an impressive 14.92% appreciation rate in its housing market. This speaks to the strength and potential of the economic activity in this city, making it a great opportunity for anyone looking to buy into the real estate market.
The median home cost in River Falls is $89,300. Home appreciation the last 10 years has been 61.6%. Home Appreciation in River Falls is up 18.1%.
Average Age of Homes
- The median age of River Falls real estate is 40 years old
The Rental Market in River Falls
- Renters make up 19.5% of the River Falls population
- 1.2% of houses and apartments in River Falls, 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.