The housing market in 35401 Tuscaloosa, AL is performing better than the national average, according to the given content. The median value of a house in this area is $139,700, which is significantly lower than the US median house value of $338,100. However, the one year appreciation rate for housing in 35401 Tuscaloosa, AL is 10.84%, higher than the US 1 year appreciation rate of 8.27%. This suggests that despite a lower median house value compared to the national level, housing in this area has experienced greater growth over the past year.
The median home cost in Tuscaloosa (zip 35401) is $139,700. Home appreciation the last 10 years has been 56.4%. Home Appreciation in Tuscaloosa (zip 35401) is up 13.6%.
Average Age of Homes
- The median age of Tuscaloosa (zip 35401) real estate is 40 years old
The Rental Market in Tuscaloosa (zip 35401)
- Renters make up 36.3% of the Tuscaloosa (zip 35401) population
- 2.8% of houses and apartments in Tuscaloosa (zip 35401), 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.