The housing market in Trafford, AL is quite impressive. The median value for housing in the area is $86,200, which is significantly lower than the national median of $338,100. Although the national one year house appreciation rate was 8.27%, Trafford saw a much higher appreciation rate of 12.10%. This suggests that the housing market in this area is strong and growing quickly. It's a great place to invest in real estate as prices are likely to continue increasing over time.
The median home cost in Trafford is $86,200. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Trafford is up 18.4%.
Average Age of Homes
- The median age of Trafford real estate is 48 years old
The Rental Market in Trafford
- Renters make up 33.3% of the Trafford population
- 9.3% of houses and apartments in Trafford, 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.