Housing in Steele, AL is booming! The median value of homes in Steele is $188,500, which is significantly lower than the US median of $338,100. But this lower price point hasn't hampered the real estate market here; in fact, over the past year, home values have appreciated by an impressive 17.72%, compared to the US average of 8.27%. This shows that Steele is a great option for those looking for affordable yet rapidly appreciating real estate investments.
The median home cost in Steele is $188,500. Home appreciation the last 10 years has been 65.1%. Home Appreciation in Steele is up 17.9%.
Average Age of Homes
- The median age of Steele real estate is 41 years old
The Rental Market in Steele
- Renters make up 18.7% of the Steele population
- 2.0% of houses and apartments in Steele, 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.