Zip 36005 (Banks, AL) Housing

The housing market in Banks, AL (36005) is thriving. The median value for homes in the area is $132,600, which is significantly lower than the US House Median Value of $338,100. Additionally, the 1 year house appreciation in Banks has been 16.13%, which is almost double the US 1 year house appreciation rate of 8.27%. This indicates an optimistic outlook on real estate investments for those looking to purchase property in Banks, AL.

The median home cost in Banks (zip 36005) is $132,600. Home appreciation the last 10 years has been 46.0%. Home Appreciation in Banks (zip 36005) is up 13.3%.

Average Age of Homes

- The median age of Banks (zip 36005) real estate is 28 years old

The Rental Market in Banks (zip 36005)

- Renters make up 18.9% of the Banks (zip 36005) population
- 0.6% of houses and apartments in Banks (zip 36005), 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	Banks, Alabama	United States
	874.0	139,647,020.0
	41	42
	$132,600	$338,100
	13.3%	16.6%
	37.2%	57.0%
	46.0%	101.1%
	$3.01	$10.98
	$355	$2,690
	54.8%	57.4%
	35.6%	11.2%
	9.6%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	3.9%	0.4%
	7.9%	3.6%
	22.3%	4.1%
Value of Owner-Occupied Housing
	17.1%	2.6%
	6.1%	2.4%
	3.8%	2.8%
	12.3%	3.9%
	5.0%	4.5%
	12.9%	11.3%
	9.0%	13.0%
	20.9%	20.1%
	3.5%	13.6%
	1.7%	8.3%
	2.3%	9.7%
	3.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	1.7%	1.1%
Housing Units by Year Structure Built
	1.4%	0.2%
	12.4%	13.6%
	12.4%	13.6%
	10.2%	13.6%
	20.1%	13.2%
	18.1%	14.8%
	10.2%	13.6%
	4.3%	10.0%
	6.3%	4.7%
	9.2%	12.2%

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