Semmes appreciation rates and housing market information

Semmes housing market information

With 15,139 people, 4,801 houses or apartments, and a median cost of homes of $146,840, Semmes real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Semmes, accounting for 72.05% of the town's housing units. Other types of housing that are prevalent in Semmes include mobile homes or trailers (26.52%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.04%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Semmes. Owner-occupied housing accounts for 82.17% of Semmes's homes, and 78.96% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Semmes 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 Semmes built from 1995 and later (16.89%). A lesser amount of the housing stock also hails from 1940-1969 (15.52%), and some were built from 1939 and earlier (15.52%).

Semmes home appreciation rates

Real estate appreciation rates in Semmes have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.32% during the period.

NeighborhoodScout's data show that during the latest twelve months, Semmes home appreciation rates, at 0.89%, have been at or slightly above the national average. In the latest quarter, Semmes's appreciation rate has been 1.98%, which annualizes to a rate of 7.92%.

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

Relative to Alabama, our data show that Semmes's latest annual appreciation rate is higher than 35% of the other cities and towns in Alabama.