The housing market in 36093 Redland, AL is quite promising. The median value of the area is $286,000, which is significantly lower than the US house median value of $338,100. However, what makes this area particularly attractive is the one-year appreciation rate of 16.13%, which is much higher than the US average one-year appreciation rate of 8.27%. This suggests that investing in real estate in Redland would be a wise decision for anyone interested in growing their wealth through property investments.
The median home cost in Redland (zip 36093) is $286,000. Home appreciation the last 10 years has been 46.0%. Home Appreciation in Redland (zip 36093) is up 13.3%.
Average Age of Homes
- The median age of Redland (zip 36093) real estate is 18 years old
The Rental Market in Redland (zip 36093)
- Renters make up 8.8% of the Redland (zip 36093) population
- 1.3% of houses and apartments in Redland (zip 36093), 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.