Chelsea, Alabama is an affluent suburb of Birmingham and has a median housing value of $288,200. This is significantly lower than the US median housing value of $338,100 but over the last year the house appreciation rate in Chelsea has been greater at 12.10%, compared to 8.27% nationally. This shows that Chelsea's real estate market is on the rise and may be an attractive option for those looking to purchase a home in the Birmingham area.
The median home cost in Chelsea (zip 35147) is $288,200. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Chelsea (zip 35147) is up 18.4%.
Average Age of Homes
- The median age of Chelsea (zip 35147) real estate is 17 years old
The Rental Market in Chelsea (zip 35147)
- Renters make up 9.2% of the Chelsea (zip 35147) population
- 1.1% of houses and apartments in Chelsea (zip 35147), 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.