The housing market in 35670 Somerville, AL is very strong and growing. The median value of a house in this area is $202,900, which is significantly lower than the national median of $338,100. However, the appreciation rate for houses in this area over the past year has been 15.32%, compared to the US 1 year appreciation rate of 8.27%. This suggests that real estate values in Somerville have grown at a much faster pace than the national average, making it an attractive investment destination for those looking to capitalize on a hot housing market.
The median home cost in Somerville (zip 35670) is $202,900. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Somerville (zip 35670) is up 19.8%.
Average Age of Homes
- The median age of Somerville (zip 35670) real estate is 30 years old
The Rental Market in Somerville (zip 35670)
- Renters make up 15.2% of the Somerville (zip 35670) population
- 0.0% of houses and apartments in Somerville (zip 35670), 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.