Compare: Alabama vs Terrace Hills
Home Values in Alabama and Terrace Hills
|Zillow Home Value IndexWhat's this?||$114,500||vs||$106,700|
|Median List Price||$164,900||vs||$134,800|
|Median Sale Price||$154,000||vs||$110,000|
|Total Homes Sold in Oct||3800 homes||vs||16 homes|
Alabama tends to be more expensive for home buyers than Terrace Hills, Mobile. During the last year, Alabama home values have fallen by 0.8%, while Terrace Hills home values have risen by 3.2%. The median sale price in Alabama is $154,000, but the median listing price was $164,900, a 6.6% discount. Meanwhile in Terrace Hills, the median selling price is $110,000, and the starting price had a median of $134,800, a 18.4% discount. In October, Alabama home sellers managed to move 3800 houses, while Terrace Hills saw 16 transactions.
Demographics in Alabama and Terrace Hills
|Median Household Income||$35,361||vs||$46,085|
|Homes with Kids||30.7%||vs||25.9%|
|Average Household Size||2.5||vs||2.4|
|Average Commute Time (Minutes)||25||vs||22|
At $46,085, the median income in Terrace Hills is $10,724 more than in Alabama, and $1,573 higher than the national average. Alabama has a younger median age, at 36, compared to 40 in Terrace Hills, and a longer average commute. The average commute in Terrace Hills is 22 minutes and the average commute in Alabama is 25 minutes.