Theodore appreciation rates and housing market information

Theodore housing market information

With 6,714 people, 2,687 houses or apartments, and a median cost of homes of $136,877, house prices in Theodore are solidly below the national average.

single-family detached homes are the single most common housing type in Theodore, accounting for 70.86% of the town's housing units. Other types of housing that are prevalent in Theodore include mobile homes or trailers (20.32%), large apartment complexes or high rise apartments (7.52%), and a few duplexes, homes converted to apartments, or other small apartment buildings (0.97%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Theodore. Owner-occupied housing accounts for 69.22% of Theodore's homes, and 68.10% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Theodore 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 Theodore built from 1940-1969 (31.60%). A lesser amount of the housing stock also hails from 1995 and later (16.97%), and some were built from 1939 and earlier (16.97%).

Theodore home appreciation rates

Appreciation rates for homes in Theodore have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 80.24%, which ranks in the top 40% nationwide. This equates to an annual average Theodore house appreciation rate of 8.02%.

Appreciation rates are so strong in Theodore that despite a nationwide downturn in the housing market, Theodore real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Theodore appreciation rates continue to be some of the highest in America, at 2.59%, which is higher than appreciation rates in 71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Theodore. Theodore appreciation rates in the latest quarter were at 2.40%, which equates to an annual appreciation rate of 9.60%.

Importantly, this makes Theodore 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 Theodore's latest annual appreciation rate is higher than 63% of the other cities and towns in Alabama.