Lowndes County in Alabama has a median housing value of $119,300, which is significantly lower than the US median housing value of $338,100. However, the 1 year house appreciation rate in Lowndes County is 15.24%, which is higher than the US average of 8.27%. This suggests that Lowndes County has recently seen an increase in the value of real estate over the past year. The relatively low median housing value and strong appreciation rate make Lowndes County a desirable place for those looking to buy or invest in property.
The median home cost in Lowndes County is $119,300. Home appreciation the last 10 years has been 50.1%. Home Appreciation in Lowndes County is up 14.6%.
Average Age of Homes
- The median age of Lowndes County real estate is 29 years old
The Rental Market in Lowndes County
- Renters make up 21.7% of the Lowndes County population
- 0.9% of houses and apartments in Lowndes 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.