The housing market in Mountain Brook, AL (35223) is incredibly strong. According to recent data, the median value of a home in this area is $685,200, which is more than double the national average. Furthermore, the US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate for homes in Mountain Brook is a staggering 8.80%. This indicates that housing prices have been steadily increasing over the last year and are likely to continue to do so in the future. Therefore, investing in real estate here can be a worthwhile endeavor.
The median home cost in Mountain Brook (zip 35223) is $685,200. Home appreciation the last 10 years has been 83.0%. Home Appreciation in Mountain Brook (zip 35223) is up 14.3%.
Average Age of Homes
- The median age of Mountain Brook (zip 35223) real estate is 50 years old
The Rental Market in Mountain Brook (zip 35223)
- Renters make up 12.4% of the Mountain Brook (zip 35223) population
- 3.3% of houses and apartments in Mountain Brook (zip 35223), 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.