Chickasaw appreciation rates and housing market information

Chickasaw housing market information

With 6,305 people, 3,020 houses or apartments, and a median cost of homes of $106,180, house prices in Chickasaw are solidly below the national average.

single-family detached homes are the single most common housing type in Chickasaw, accounting for 83.28% of the city's housing units. Other types of housing that are prevalent in Chickasaw include duplexes, homes converted to apartments, or other small apartment buildings (12.28%), row houses and other attached homes (2.28%), and a few large apartment complexes or high rise apartments (1.69%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Chickasaw. Owner-occupied housing accounts for 59.87% of Chickasaw's homes, and 63.37% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Chickasaw's housing was primarily built during this period, from the '40s through the '60s. A full 77.32% of the city's housing hails from this era. Other housing ages represented in Chickasaw include homes built between 1970-1994 (12.68%), and housing constructed from 1939 and earlier (9.04%). There's also some housing in Chickasaw built between 1995 and later (.96%).

Chickasaw home appreciation rates

Chickasaw's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chickasaw during the period has been just 5.68%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Chickasaw home appreciation rates, at 0.25%, have been at or slightly above the national average. In the latest quarter, Chickasaw's appreciation rate has been 1.82%, which annualizes to a rate of 7.28%.

Importantly, this makes Chickasaw one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Alabama, our data show that Chickasaw's latest annual appreciation rate is higher than 22% of the other cities and towns in Alabama.