The housing market in Bessemer, AL (zip code 35022) is doing well. The median value of a house here is $245,500, significantly lower than the US median value of $338,100. The US has seen an 8.27% house appreciation rate over the past year, while Bessemer's appreciation rate has been even higher at 13.55%. This indicates that people are continuing to invest in homes in this area, making it attractive for potential purchasers and current homeowners alike.
The median home cost in Bessemer (zip 35022) is $245,500. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Bessemer (zip 35022) is up 19.7%.
Average Age of Homes
- The median age of Bessemer (zip 35022) real estate is 22 years old
The Rental Market in Bessemer (zip 35022)
- Renters make up 17.5% of the Bessemer (zip 35022) population
- 0.7% of houses and apartments in Bessemer (zip 35022), 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.