Median price for residential in as of Jul, 2022.
Take into account that the price depends on the location and condition of the . The size and amenities might have a large influence on the asking price as well.
270 Bessemer, AL, USA apartments for sale
Bessemer
According to statistics, the population in Bessemer, AL amounts to 26,697, which shows decline -1% compared to the previous year. The median age of the city’s residents is 41. The average household income is $31,308, shifting growth 2% from the past year, and the average property value in Bessemer, AL decline -2% to $84,000 throughout the year.
| Population | 26,697 |
| Median Age | 40.5 |
| Poverty Rate | 30% |
| Household Income | $31,308 |
| Number Of Employees | 9,884 |
| Median Property Value | $84,000 |
Household Income
The average household income in Bessemer, AL grew from $30,682 to $31,308 in the past year. This data is an estimate based upon 10,469 households in Bessemer, AL . The chart below presents how household income is distributed in Bessemer, AL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Bessemer, AL shifted from $85,300 to $84,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bessemer, AL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bessemer, AL properties falls in the '$60,000 to $69,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Bessemer, AL compared to median property taxes around the country. The prevalent amount of property taxes in Bessemer, AL equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Bessemer, AL, USA
Average sale in Bessemer: $234,537 (+33.1%)
| Apartment Size | Jul | vs Last Month |
|---|---|---|
| 2 bed for sale | $151,983 | -4.2% |
| 3 bed for sale | $225,377 | +36.6% |
| 4+ bed for sale | $277,483 | +39.7% |
During Jul 2022, the average price for an apartment in/near Bessemer, AL increased by 33.1% to $234,537.
Asking price for 2-bed apartment also decreased by 4.2% and a place of this size will now cost you $151,983. A 3-bed apartment goes for $225,377, it increased by 36.6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 39.7% and made it up to $277,483.
| Listing Type | Jul | vs Last Month |
|---|---|---|
| Houses for sale | $254,681 | +26% |
| Land for sale | $113,562 | +215% |
| Condos for sale | $350,000 | N/A |
| Townhouses for sale | $175,000 | N/A |
Price reports demonstrate that house price increased by 26% this month making it up to $254,681. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $350,000. Value of the townhouses didn’t change, the price still starts at $175,000.