Fayette County, AL Housing

Fayette, AL County is known for its affordable housing market. The median value of a single family home in the area is $112,600, which is substantially lower than the US median house value of $338,100. Moreover, the house appreciation rate in Fayette County over the past year was 14.92%, much higher than the US average of 8.27%. Clearly, Fayette County is an attractive market for people looking to purchase property at an affordable price with good potential for appreciation over time.

The median home cost in Fayette County is $112,600. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Fayette County is up 18.1%.

Average Age of Homes

- The median age of Fayette County real estate is 37 years old

The Rental Market in Fayette County

- Renters make up 22.7% of the Fayette County population
- 2.2% of houses and apartments in Fayette County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Fayette, Alabama	United States
	7,836.0	139,647,020.0
	41	42
	$112,600	$338,100
	18.1%	16.6%
	51.1%	57.0%
	61.6%	101.1%
	$3.15	$10.98
	$310	$2,690
	59.4%	57.4%
	20.8%	11.2%
	19.8%	31.4%
Vacant Housing
	2.2%	1.9%
	0.0%	0.4%
	2.6%	0.7%
	0.4%	0.4%
	3.1%	3.6%
	12.6%	4.1%
Value of Owner-Occupied Housing
	7.4%	2.6%
	13.8%	2.4%
	5.2%	2.8%
	12.0%	3.9%
	12.5%	4.5%
	19.3%	11.3%
	14.6%	13.0%
	8.4%	20.1%
	3.6%	13.6%
	0.5%	8.3%
	1.9%	9.7%
	0.3%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	11.4%	13.6%
	11.4%	13.6%
	13.9%	13.6%
	19.6%	13.2%
	15.9%	14.8%
	13.9%	13.6%
	8.1%	10.0%
	5.4%	4.7%
	7.9%	12.2%

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