The housing market in 35016 Arab, AL is thriving. The median value of homes here is $211,000, which is significantly lower than the US median home value of $338,100. Not only that, but house appreciation in Arab over the last year has been 13.55%, compared to the US average of 8.27%. This means that people who have invested in housing here are seeing strong returns on their investments despite the relatively low entry cost of buying a home in this area. Arab's strong economy and vibrant housing market make it an ideal place for prospective homeowners to start their search for a new property.
The median home cost in Arab (zip 35016) is $211,000. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Arab (zip 35016) is up 19.7%.
Average Age of Homes
- The median age of Arab (zip 35016) real estate is 35 years old
The Rental Market in Arab (zip 35016)
- Renters make up 22.2% of the Arab (zip 35016) population
- 0.3% of houses and apartments in Arab (zip 35016), 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.