Median price for residential apartments in as of Sep, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
45 Spanish Fort, AL, USA apartments for sale
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.
- USA
- Spanish Fort, AL
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.
- USA
- Spanish Fort, AL
Rent vs. Own
- Rent58%
- Own42%
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.
- USA
- Spanish Fort, AL
Housing Trends
Spanish Fort, AL, USA Housing Trends
Average sale in Spanish Fort: $339,505 (-14.5%)
| Apartment Size | Sep | vs Last Month |
|---|---|---|
| 3 bed apartments | $394,225 | +0.7% |
| 4+ bed apartments | $319,606 | -22.4% |
During Sep 2021, the average price for an apartment in/near Spanish Fort, AL decreased by 14.5% to $339,505.
Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $394,225. 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 $319,606 for a big-family home.
| Listing Type | Sep | vs Last Month |
|---|---|---|
| Houses for sale | $382,059 | -3.7% |
| Apartments for sale | $62,900 | N/A |
While assessing the property pricing Spanish Fort, AL, you can note that it remains flat with a price tag of $62,900. According to statistics, average house is still $382,059 with no significant changes this month.
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