Citronelle appreciation rates and housing market information

Citronelle housing market information

With a population of 3,587, 1,419 total housing units (homes and apartments), and a median house value of $116,546, house prices in Citronelle are solidly below the national average.

single-family detached homes are the single most common housing type in Citronelle, accounting for 70.89% of the city's housing units. Other types of housing that are prevalent in Citronelle include mobile homes or trailers (14.59%), duplexes, homes converted to apartments, or other small apartment buildings (8.03%), and a few large apartment complexes or high rise apartments (4.58%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Citronelle. Owner-occupied housing accounts for 69.20% of Citronelle's homes, and 64.13% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Citronelle 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 Citronelle built from 1940-1969 (27.84%). A lesser amount of the housing stock also hails from 1939 and earlier (11.42%), and some were built from 1995 and later (11.42%).

Citronelle home appreciation rates

Citronelle's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Citronelle during the period has been just 5.47%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Citronelle home appreciation rates, at 0.04%, have been at or slightly above the national average. In the latest quarter, Citronelle's appreciation rate has been 1.77%, which annualizes to a rate of 7.08%.

Importantly, this makes Citronelle 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 Citronelle's latest annual appreciation rate is higher than 19% of the other cities and towns in Alabama.