Median price for residential apartments in Spanish Fort, AL as of Jan, 2023.
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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150 Spanish Fort, AL, USA apartments for sale
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Spanish Fort
According to statistics, the population in Spanish Fort, AL amounts to 8,017, which shows growth 2% compared to the previous year. The median age of the city’s residents is 40. The average household income is $74,731, shifting growth 6% from the past year, and the average property value in Spanish Fort, AL growth 7% to $259,200 throughout the year.
| Population | 8,017 |
| Median Age | 40.3 |
| Poverty Rate | 5% |
| Household Income | $74,731 |
| Number Of Employees | 3,975 |
| Median Property Value | $259,200 |
Household Income
The average household income in Spanish Fort, AL grew from $70,448 to $74,731 in the past year. This data is an estimate based upon 3,230 households in Spanish Fort, AL . The chart below presents how household income is distributed in Spanish Fort, AL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Spanish Fort, AL shifted from $241,500 to $259,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Spanish Fort, AL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Spanish Fort, AL properties falls in the '$250,000 to $299,999' 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 Spanish Fort, AL compared to median property taxes around the country. The prevalent amount of property taxes in Spanish Fort, AL equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Spanish Fort, AL, USA
Average apartment sale in Spanish Fort: $673,875 (+8.4%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $667,519 | +17.2% |
| 3-bed apartments | $292,500 | +30% |
| 4+ bed apartments | $694,717 | -0.8% |
During Jan 2023, the average price for an apartment in/near Spanish Fort, AL increased by 8.4% to $673,875.
Knowing the current property prices is key if you plan to buy a studio in Spanish Fort, AL. The average price for a studio has increased since the last month, currently being $667,519. A 3-bed apartment goes for $292,500, it increased by 30% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 0.8% and made it down to $694,717.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Land for sale | $667,519 | +17.2% |
| Houses for sale | $676,841 | +4.2% |
Price reports demonstrate that house price increased by 4.2% this month making it up to $676,841. The average price of the land for sale in Spanish Fort, AL has increased by 17.2%, and now equals $667,519.
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