Housing in Nanafalia, AL is quite desirable due to its low median value of $193,700 compared to the US house median value of $338,100. Furthermore, while the US experienced an average 1 year house appreciation rate of 8.27%, houses in Nanafalia saw an even greater appreciation rate of 14.92%. This suggests that housing values are on the rise and people may wish to take advantage of this trend by investing in real estate within the area.
The median home cost in Nanafalia is $193,700. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Nanafalia is up 18.1%.
Average Age of Homes
- The median age of Nanafalia real estate is 41 years old
The Rental Market in Nanafalia
- Renters make up 28.6% of the Nanafalia population
- 0.0% of houses and apartments in Nanafalia, 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.