Tuscaloosa appreciation rates and housing market information

Tuscaloosa housing market information

With a population of 78,265, 34,969 total housing units (homes and apartments), and a median house value of $166,697, Tuscaloosa real estate is some of the most expensive in Alabama, although Tuscaloosa home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Tuscaloosa, accounting for 54.37% of the city's housing units. Other types of housing that are prevalent in Tuscaloosa include large apartment complexes or high rise apartments (28.49%), duplexes, homes converted to apartments, or other small apartment buildings (12.35%), row houses and other attached homes (2.40%), and a few mobile homes or trailers (2.36%).

People in Tuscaloosa primarily live in small (one, two, or no bedroom) single-family detached homes. Tuscaloosa has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Tuscaloosa 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 Tuscaloosa built from 1940-1969 (37.63%). A lesser amount of the housing stock also hails from 1995 and later (9.62%), and some were built from 1939 and earlier (9.62%).

Tuscaloosa home appreciation rates

Tuscaloosa's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tuscaloosa during the period has been just 5.52%, which is lower than % of US communities.

Appreciation rates are so strong in Tuscaloosa that despite a nationwide downturn in the housing market, Tuscaloosa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tuscaloosa appreciation rates continue to be some of the highest in America, at 3.39%, 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 Tuscaloosa. Tuscaloosa appreciation rates in the latest quarter were at -1.91%, which equates to an annual appreciation rate of -7.64%.

Notably, Tuscaloosa's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Tuscaloosa's latest annual appreciation rate is higher than 71% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Tuscaloosa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tuscaloosa - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Tuscaloosa real estate investment or home purchase decisions.