Median price for residential apartments in Opelika, AL as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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550 Opelika, AL, USA apartments for sale
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Opelika
According to statistics, the population in Opelika, AL amounts to 29,372, which shows growth 1% compared to the previous year. The median age of the city’s residents is 38. The average household income is $44,527, shifting growth 7% from the past year, and the average property value in Opelika, AL decline -1% to $151,400 throughout the year.
| Population | 29,372 |
| Median Age | 37.7 |
| Poverty Rate | 20% |
| Household Income | $44,527 |
| Number Of Employees | 13,492 |
| Median Property Value | $151,400 |
Household Income
The average household income in Opelika, AL grew from $41,566 to $44,527 in the past year. This data is an estimate based upon 11,905 households in Opelika, AL . The chart below presents how household income is distributed in Opelika, AL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Opelika, AL shifted from $153,400 to $151,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Opelika, AL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Opelika, AL properties falls in the '$150,000 to $174,999' 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 Opelika, AL compared to median property taxes around the country. The prevalent amount of property taxes in Opelika, AL equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Opelika, AL, USA
Average apartment sale in Opelika: $352,177 (-0.8%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $207,220 | +31.3% |
| 2-bed apartments | $240,782 | -1.9% |
| 3-bed apartments | $277,462 | +1.9% |
| 4+ bed apartments | $404,328 | +0.4% |
During Dec 2022, the average price for an apartment in/near Opelika, AL decreased by 0.8% to $352,177.
Knowing the current property prices is key if you plan to buy a studio in Opelika, AL. The average price for a studio has increased since the last month, currently being $207,220. Asking price for 2-bed apartment also decreased by 1.9% and a place of this size will now cost you $240,782. A 3-bed apartment goes for $277,462, it increased by 1.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 0.4% and made it up to $404,328.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Condos for sale | $234,224 | -2.6% |
| Houses for sale | $359,930 | -0.1% |
| Townhouses for sale | $255,000 | +0% |
| Land for sale | $175,975 | +185.4% |
| Lofts for sale | $372,913 | +0% |
| Other for sale | $265,928 | +0% |
Price reports demonstrate that house price decreased by 0.1% this month making it up to $359,930. Condos faced an upward trend these days. The median price for a condo decreased by 2.6%, it’s now available for $234,224. The price statistics of lofts have not significantly changed, it now still goes for $372,913. Value of the townhouses didn’t change, the price still starts at $255,000. The average price of the land for sale in Opelika, AL has increased by 185.4%, and now equals $175,975. Other types of properties for sale would cost $265,928 on average. Our data shows that this amount has stayed roughly the same compared to Nov.
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