The housing market in Alafaya, FL is booming. The median value of homes in this city is $359,400, which is higher than the US House median value of $338,100. This disparity increases when one compares the appreciation rates of each location; the US House Appreciation rate is 8.27%, while the House 1 year appreciation rate in Alafaya, FL sits at 18.11%. As a result, those looking to purchase or invest in real estate in Alafaya should do so soon to take advantage of these high rates before they may decline.
The median home cost in Alafaya is $359,400. Home appreciation the last 10 years has been 185.7%. Home Appreciation in Alafaya is up 22.4%.
Average Age of Homes
- The median age of Alafaya real estate is 16 years old
The Rental Market in Alafaya
- Renters make up 33.1% of the Alafaya population
- 1.5% of houses and apartments in Alafaya, 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.