In 36474 Red Level, AL the median housing value is $120,200 which is significantly lower than the US median housing value of $338,100. Despite this difference in cost, the appreciation rate for homes in Red Level has been rising at a faster rate than the national average over the past year; 14.92%, compared to 8.27%. This makes investing in Real Estate a tempting opportunity for those wishing to gain returns on their investments. With prices staying low and appreciation rates high, it appears that now may be an ideal time to invest in property in Red Level.
The median home cost in Red Level (zip 36474) is $120,200. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Red Level (zip 36474) is up 18.1%.
Average Age of Homes
- The median age of Red Level (zip 36474) real estate is 30 years old
The Rental Market in Red Level (zip 36474)
- Renters make up 10.4% of the Red Level (zip 36474) population
- 2.7% of houses and apartments in Red Level (zip 36474), 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.