The housing in 36555 Magnolia Springs, AL is quite desirable. According to the given context, the median value of a house in this area is $338,700 which is slightly higher than the US House Median Value of $338,100. Moreover, the 1 year appreciation rate for houses in this area is also greater than the national average, standing at 14.17% compared to 8.27%. This makes investing in property in the 36555 Magnolia Springs area an attractive option for potential buyers as it promises a great return on investment.
The median home cost in Magnolia Springs (zip 36555) is $338,700. Home appreciation the last 10 years has been 97.4%. Home Appreciation in Magnolia Springs (zip 36555) is up 15.3%.
Average Age of Homes
- The median age of Magnolia Springs (zip 36555) real estate is 43 years old
The Rental Market in Magnolia Springs (zip 36555)
- Renters make up 6.2% of the Magnolia Springs (zip 36555) population
- 1.5% of houses and apartments in Magnolia Springs (zip 36555), 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.