The housing market in Alabama State is booming. The median value of a house in the state is $214,000, which is significantly lower than the US median house value of $338,100. Additionally, the one-year appreciation rate of houses in Alabama is 10.23%, which is even higher than the US average of 8.27%. This reflects the strong housing market in the state and suggests that it's a great time for potential buyers to invest in property in Alabama.
The median home cost in Alabama is $214,000. Home appreciation the last 10 years has been 72.1%. Home Appreciation in Alabama is up 17.3%.
Average Age of Homes
- The median age of Alabama real estate is 35 years old
The Rental Market in Alabama
- Renters make up 25.9% of the Alabama population
- 2.7% of houses and apartments in Alabama, 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.