Median price for residential apartments in Reform, 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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10 Reform, AL, USA apartments for sale
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Reform
According to statistics, the population in Reform, AL amounts to 1,862, which shows growth 6% compared to the previous year. The median age of the city’s residents is 47. The average household income is $22,963, shifting growth 8% from the past year, and the average property value in Reform, AL growth 10% to $84,900 throughout the year.
| Population | 1,862 |
| Median Age | 46.6 |
| Poverty Rate | 34% |
| Household Income | $22,963 |
| Number Of Employees | 529 |
| Median Property Value | $84,900 |
Household Income
The average household income in Reform, AL grew from $21,228 to $22,963 in the past year. This data is an estimate based upon 746 households in Reform, AL . The chart below presents how household income is distributed in Reform, AL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Reform, AL shifted from $77,300 to $84,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Reform, AL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Reform, AL properties falls in the '$100,000 to $124,999' 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 Reform, AL compared to median property taxes around the country. The prevalent amount of property taxes in Reform, AL equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Reform, AL, USA
Average apartment sale in Reform: $86,817 (-32.7%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $86,817 | -12.9% |
During Dec 2022, the average price for an apartment in/near Reform, AL decreased by 32.7% to $86,817.
Knowing the current property prices is key if you plan to buy a studio in Reform, AL. The average price for a studio has decreased since the last month, currently being $86,817. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $290,000 for a big-family home.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $99,900 | -38.8% |
| Land for sale | $71,400 | -43.2% |
| Townhouses for sale | $79,900 | +0% |
Price reports demonstrate that house price decreased by 38.8% this month making it up to $99,900. Value of the townhouses didn’t change, the price still starts at $79,900. The average price of the land for sale in Reform, AL has decreased by 43.2%, and now equals $71,400.
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