Zip 35115 (Montevallo, AL) Housing

The housing market in 35115 Montevallo, AL has been performing very well. According to the data given, the median value of housing is $208,900, which is significantly lower than the US median value of $338,100. Despite this lower median value, the 1-year appreciation rate for houses in 35115 Montevallo has been 12.10%, significantly higher than the US appreciation rate of 8.27%. This suggests that there are a lot of opportunities available for buyers and investors in Montevallo right now.

The median home cost in Montevallo (zip 35115) is $208,900. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Montevallo (zip 35115) is up 18.4%.

Average Age of Homes

- The median age of Montevallo (zip 35115) real estate is 29 years old

The Rental Market in Montevallo (zip 35115)

- Renters make up 27.3% of the Montevallo (zip 35115) population
- 0.8% of houses and apartments in Montevallo (zip 35115), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Montevallo, Alabama	United States
	6,518.0	139,647,020.0
	34	42
	$208,900	$338,100
	18.4%	16.6%
	54.7%	57.0%
	73.2%	101.1%
	$3.92	$10.98
	$539	$2,690
	63.7%	57.4%
	7.2%	11.2%
	29.0%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	1.4%	0.4%
	0.8%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	9.0%	2.6%
	3.6%	2.4%
	7.2%	2.8%
	5.3%	3.9%
	9.0%	4.5%
	22.1%	11.3%
	23.1%	13.0%
	14.6%	20.1%
	2.2%	13.6%
	1.2%	8.3%
	1.3%	9.7%
	0.1%	3.9%
	0.3%	2.2%
	0.3%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	18.2%	13.6%
	18.2%	13.6%
	21.8%	13.6%
	17.5%	13.2%
	15.9%	14.8%
	21.8%	13.6%
	4.6%	10.0%
	3.4%	4.7%
	7.0%	12.2%

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