The housing market in 35116 Morris, AL is on the rise. The median value for houses in the area is currently $228,700, well below the US median value of $338,100. However, in the past year, the local housing appreciation has been 12.10%, which is higher than the national average of 8.27%. This steady growth indicates that Morris is becoming an attractive area for those looking for good value when purchasing a home. With its lower house prices and impressive appreciation rates, Morris could be a great option for those looking to invest in real estate.
The median home cost in Morris (zip 35116) is $228,700. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Morris (zip 35116) is up 18.4%.
Average Age of Homes
- The median age of Morris (zip 35116) real estate is 29 years old
The Rental Market in Morris (zip 35116)
- Renters make up 12.2% of the Morris (zip 35116) population
- 1.3% of houses and apartments in Morris (zip 35116), 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.