The housing market in 35555 Fayette, AL is thriving compared to the US median value. Currently, the housing median value in 35555 Fayette is $110,600, while the US house median value is $338,100. The US 1 year house appreciation rate is 8.27%, whereas the house 1 year appreciation rate in 35555 Fayette is 14.92%. These numbers indicate that the housing market in 35555 Fayette has had a significantly higher rate of growth than the nation's average rate of appreciation. This difference could be attributed to several factors including population growth and local government initiatives designed to promote economic stability and growth. As such, those looking for a stable investment opportunity may benefit from investing in real estate in 35555 Fayette, AL.
The median home cost in Fayette (zip 35555) is $110,600. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Fayette (zip 35555) is up 18.1%.
Average Age of Homes
- The median age of Fayette (zip 35555) real estate is 41 years old
The Rental Market in Fayette (zip 35555)
- Renters make up 28.3% of the Fayette (zip 35555) population
- 3.5% of houses and apartments in Fayette (zip 35555), 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.