Auburn appreciation rates and housing market information

Auburn housing market information

With 42,896 people, 20,082 houses or apartments, and a median cost of homes of $214,043, Auburn real estate is some of the most expensive in Alabama, although Auburn home values aren't among America's most expensive.

large apartment complexes or high rise apartments are the single most common housing type in Auburn, accounting for 35.95% of the city's housing units. Other types of housing that are prevalent in Auburn include single-family detached homes (35.30%), mobile homes or trailers (12.46%), duplexes, homes converted to apartments, or other small apartment buildings (12.25%), and a few row houses and other attached homes (3.93%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Auburn primarily live in small (one, two, or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Auburn has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Auburn built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Auburn built from 1940-1969 (19.76%). A lesser amount of the housing stock also hails from 1995 and later (16.91%), and some were built from 1939 and earlier (16.91%).

Auburn home appreciation rates

Appreciation rates for homes in Auburn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 85.41%, which ranks in the top 40% nationwide. This equates to an annual average Auburn house appreciation rate of 8.54%.

NeighborhoodScout's data show that during the latest twelve months, Auburn home appreciation rates, at 1.92%, have been at or slightly above the national average. In the latest quarter, Auburn's appreciation rate has been 0.22%, which annualizes to a rate of 0.88%.

Relative to Alabama, our data show that Auburn's latest annual appreciation rate is higher than 52% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Auburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Auburn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Auburn real estate investment or home purchase decisions.