The housing market in 36862 Lafayette, AL is looking quite strong compared to the US median. The median housing value in the area is $117,300, significantly lower than the US median of $338,100. However, over the past year, the house appreciation rate has been much higher in 36862 Lafayette than across the United States. In fact, it was 11.26%, while the appreciation rate for houses across the country was 8.27%. This indicates that homes are increasing in value faster in 36862 Lafayette than they are nationwide. It looks like a great time to invest in real estate in this area!
The median home cost in Lafayette (zip 36862) is $117,300. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Lafayette (zip 36862) is up 13.5%.
Average Age of Homes
- The median age of Lafayette (zip 36862) real estate is 41 years old
The Rental Market in Lafayette (zip 36862)
- Renters make up 26.7% of the Lafayette (zip 36862) population
- 0.7% of houses and apartments in Lafayette (zip 36862), 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.