The housing market in Section, AL is in a great position with the median value of $162,400 being significantly lower than the US median house value of $338,100. This provides an excellent opportunity for potential buyers to purchase a home at a much lower cost. Furthermore, the appreciation over the past year has been even more impressive as house values have increased by 14.36%, which is 6% higher than the national average of 8.27%. This strong rate of appreciation suggests that now is a great time to invest in real estate in Section, AL.
The median home cost in Section is $162,400. Home appreciation the last 10 years has been 85.8%. Home Appreciation in Section is up 23.2%.
Average Age of Homes
- The median age of Section real estate is 40 years old
The Rental Market in Section
- Renters make up 27.0% of the Section population
- 0.0% of houses and apartments in Section, 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.