The housing market in Lamar, AL County is thriving. The median value of a home in the county is $116,900 which is much lower than the national median value of $338,100. Additionally, the one-year house appreciation rate in Lamar County is 15.32%, more than double the national appreciation rate of 8.27%. This indicates that homes in Lamar County are increasing in value at a steady rate compared to other parts of the country and is an attractive area for prospective homeowners looking for a good investment.
The median home cost in Lamar County is $116,900. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Lamar County is up 18.1%.
Average Age of Homes
- The median age of Lamar County real estate is 40 years old
The Rental Market in Lamar County
- Renters make up 22.1% of the Lamar County population
- 5.1% of houses and apartments in Lamar 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.