Oneonta appreciation rates and housing market information

Oneonta housing market information

With a population of 14,359, 5,678 total housing units (homes and apartments), and a median house value of $125,900, house prices in Oneonta are solidly below the national average.

single-family detached homes are the single most common housing type in Oneonta, accounting for 67.95% of the town's housing units. Other types of housing that are prevalent in Oneonta include mobile homes or trailers (20.89%), duplexes, homes converted to apartments, or other small apartment buildings (5.79%), large apartment complexes or high rise apartments (4.26%), and a few row houses and other attached homes (0.97%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Oneonta. Owner-occupied housing accounts for 70.25% of Oneonta's homes, and 57.85% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Oneonta 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 Oneonta built from 1940-1969 (31.33%). A lesser amount of the housing stock also hails from 1995 and later (14.81%), and some were built from 1939 and earlier (14.81%).

Oneonta home appreciation rates

Real estate appreciation rates in Oneonta have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 8.43% during the period.

Appreciation rates are so strong in Oneonta that despite a nationwide downturn in the housing market, Oneonta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oneonta appreciation rates continue to be some of the highest in America, at 5.06%, which is higher than appreciation rates in 78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oneonta. Oneonta appreciation rates in the latest quarter were at 0.36%, which equates to an annual appreciation rate of 1.44%.

Relative to Alabama, our data show that Oneonta's latest annual appreciation rate is higher than 55% of the other cities and towns in Alabama.