The housing market in 36916 Pennington, AL is considerably strong compared to the national average. The median value of housing in the area is $87,400 while the US median value is $338,100. Furthermore, while the US House appreciation rate for the past year was 8.27%, houses in 36916 Pennington, AL experienced a 14.92% appreciation rate over the same period of time. This indicates that housing in 36916 Pennington, AL is doing better than the national average and could be a great investment opportunity for those looking to buy or rent real estate within this area.
The median home cost in Pennington (zip 36916) is $87,400. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Pennington (zip 36916) is up 18.1%.
Average Age of Homes
- The median age of Pennington (zip 36916) real estate is 33 years old
The Rental Market in Pennington (zip 36916)
- Renters make up 14.1% of the Pennington (zip 36916) population
- 0.0% of houses and apartments in Pennington (zip 36916), 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.