Metropolitan Statistical Area (MSA):
Cullman, AL is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Cullman, AL metropolitan statistical area (MSA) is a hotbed for real estate activity. The area has seen a surge in home sales and prices over the past few years, and there is no sign of this trend slowing down anytime soon.
The Cullman MSA is located in the heart of Alabama, and it is made up of several smaller towns and cities. The area is known for its beautiful scenery, mild climate, and friendly people. It is also a great place to live if you are looking for affordable housing.
The median home price in the Cullman MSA is $142,000, which is much lower than the national median home price of $219,700. The low cost of living combined with the strong job market makes the Cullman MSA an attractive place to live for families and individuals alike.
The real estate market in the Cullman MSA has been booming over the past few years. Home sales have increased by double digits each year since 2013, and prices have followed suit. The average sale price of a home in the Cullman MSA was $168,000 in 2017, which was up from $149,000 in 2016.
There are several factors that have contributed to this strong real estate market. First, there has been an influx of people moving to the area from other parts of Alabama and other states due to the strong job market. Second, many baby boomers are reaching retirement age and are downsizing their homes or moving closer to family members who live in the Cullman MSA. Lastly, there has been an increase in investment activity from both local and out-of-state investors who are taking advantage of low interest rates and high rental demand.