Guntersville appreciation rates and housing market information

Guntersville housing market information

With 7,214 people, 3,529 houses or apartments, and a median cost of homes of $173,077, Guntersville real estate is some of the most expensive in Alabama, although Guntersville home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Guntersville, accounting for 65.71% of the city's housing units. Other types of housing that are prevalent in Guntersville include duplexes, homes converted to apartments, or other small apartment buildings (13.52%), large apartment complexes or high rise apartments (10.91%), mobile homes or trailers (7.48%), and a few row houses and other attached homes (2.15%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Guntersville. Owner-occupied housing accounts for 56.53% of Guntersville's homes, and 52.14% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Guntersville 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 Guntersville built from 1940-1969 (38.82%). A lesser amount of the housing stock also hails from 1995 and later (7.57%), and some were built from 1939 and earlier (7.57%).

Vacant housing appears to be an issue in Guntersville. Fully 13.35% of the housing stock is classified as vacant. Left unchecked, vacant Guntersville homes and apartments can be a drag on the real estate market, holding Guntersville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Guntersville home appreciation rates

Real estate appreciation rates in Guntersville have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.71% during the period.

NeighborhoodScout's data show that during the latest twelve months, Guntersville home appreciation rates, at 1.38%, have been at or slightly above the national average. In the latest quarter, Guntersville's appreciation rate has been 0.26%, which annualizes to a rate of 1.04%.

Relative to Alabama, our data show that Guntersville's latest annual appreciation rate is higher than 44% of the other cities and towns in Alabama.