The housing market in 36863 Lanett, AL is flourishing. The median value of housing in this area is $108,000, which is much lower than the US median value of $338,100. In just 1 year, house appreciation in this area has increased by 11.26%, while the US median only rose 8.27%. This marks a huge amount of growth and potential for those looking to invest in the area. With prices still relatively low and appreciation rates higher than average, 36863 Lanett, AL provides ample opportunity for those looking to purchase real estate.
The median home cost in Lanett (zip 36863) is $108,000. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Lanett (zip 36863) is up 13.5%.
Average Age of Homes
- The median age of Lanett (zip 36863) real estate is 44 years old
The Rental Market in Lanett (zip 36863)
- Renters make up 32.8% of the Lanett (zip 36863) population
- 2.2% of houses and apartments in Lanett (zip 36863), 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.