The housing market in 36541 Grand Bay, AL is considerably more robust than the national average. According to the data, the median housing value of this area currently stands at $183,200 which is significantly lower than the US median of $338,100. However, when looking at the rate of growth over the past year, Grand Bay has seen an impressive 14.17% appreciation rate compared to the US' 8.27%. This indicates that while homes may be cheaper in Grand Bay right now, they are increasing in value faster than their counterparts across the country.
The median home cost in Grand Bay (zip 36541) is $183,200. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Grand Bay (zip 36541) is up 15.3%.
Average Age of Homes
- The median age of Grand Bay (zip 36541) real estate is 26 years old
The Rental Market in Grand Bay (zip 36541)
- Renters make up 12.6% of the Grand Bay (zip 36541) population
- 2.7% of houses and apartments in Grand Bay (zip 36541), 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.