Tuskegee appreciation rates and housing market information

Tuskegee housing market information

With a population of 12,062, 5,139 total housing units (homes and apartments), and a median house value of $116,600, house prices in Tuskegee are solidly below the national average.

single-family detached homes are the single most common housing type in Tuskegee, accounting for 59.72% of the city's housing units. Other types of housing that are prevalent in Tuskegee include duplexes, homes converted to apartments, or other small apartment buildings (17.65%), large apartment complexes or high rise apartments (17.44%), mobile homes or trailers (3.31%), and a few row houses and other attached homes (1.89%).

The most prevalent building size and type in Tuskegee are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 43.39% owning, and 39.07% renting.

There is a lot of housing in Tuskegee 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 Tuskegee built from 1940-1969 (40.20%). A lesser amount of the housing stock also hails from 1995 and later (6.89%), and some were built from 1939 and earlier (6.89%).

Vacant housing appears to be an issue in Tuskegee. Fully 17.54% of the housing stock is classified as vacant. Left unchecked, vacant Tuskegee homes and apartments can be a drag on the real estate market, holding Tuskegee 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.

Tuskegee home appreciation rates

Tuskegee's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Tuskegee during the period has been just 4.77%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Tuskegee home appreciation rates, at 1.77%, have been at or slightly above the national average. In the latest quarter, Tuskegee's appreciation rate has been -0.18%, which annualizes to a rate of -0.72%.

Relative to Alabama, our data show that Tuskegee's latest annual appreciation rate is higher than 10% 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 Tuskegee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tuskegee - 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 Tuskegee real estate investment or home purchase decisions.