The housing market in Semmes, AL is thriving compared to the US average. The median value of a house in Semmes is $227,600, slightly lower than the national median of $338,100. However, the appreciation rate of houses in Semmes over the last year was 12.69%, much higher than the national average of 8.27%. This indicates that the housing market in Semmes is booming and could be a great place to invest in real estate.
The median home cost in Semmes is $227,600. Home appreciation the last 10 years has been 87.1%. Home Appreciation in Semmes is up 14.6%.
Average Age of Homes
- The median age of Semmes real estate is 29 years old
The Rental Market in Semmes
- Renters make up 42.7% of the Semmes population
- 1.3% of houses and apartments in Semmes, 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.