Alabaster, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Alabaster, AL Real Estate Data


Alabaster Housing Market Information

With a population of 32,707, 10,556 total housing units (homes and apartments), and a median house value of $179,815, Alabaster real estate is some of the most expensive in Alabama, although Alabaster home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Alabaster, accounting for 83.95% of the city's housing units. Other types of housing that are prevalent in Alabaster include large apartment complexes or high rise apartments ( 5.84%), mobile homes or trailers ( 5.34%), and a few row houses and other attached homes ( 3.42%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Alabaster. Owner-occupied housing accounts for 82.15% of Alabaster's homes, and 80.31% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Alabaster built from 1970 to 1999 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 Alabaster built between 2000 and later ( 24.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.16%). There's also some housing in Alabaster built before 1939 ( 1.16%).

Alabaster Home Appreciation Rates

Real estate appreciation rates in Alabaster's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.25% during the period.

NeighborhoodScout's data show that during the latest twelve months, Alabaster's appreciation rate, at 5.05%, has been at or slightly above the national average. In the latest quarter, Alabaster's appreciation rate has been 0.40%, which annualizes to a rate of 1.60%.

Relative to Alabama, our data show that Alabaster's latest annual appreciation rate is higher than 70% 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 Alabaster differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Alabaster - 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 2000, to assist you in making the best Alabaster real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$179,815

Alabaster, AL HOME PRICES

Value Range
> $1,118,000 0.2
$839,001 - $1,118,000 0.3
$559,001 - $839,000 0.7
$447,001 - $559,000 1.7
$335,001 - $447,000 6.1
$223,001 - $335,000 18.7
$112,001 - $223,000 59.5
$56,001 - $112,000 6.8
$0 - $56,000 6.0

Very High for AL
High for Nation

Value Relative to Nation Value Relative to State
37.9702332122349 6.5

Number Of Homes And Apartments:
10,556

Rent & Ownership

 

Average Market Rent:
$1,324 / per month

Homeownership Rate

Homeownership
Owners 82.15
Renters 17.85
Vacant 6.44

Housing Market Details

 

Age of Homes

AGE OF Alabaster HOMES
2000 or Newer 24.8
1970 - 1999 67.9
1940 - 1969 6.2
1939 or Older 1.2

Types of Homes

TYPE OF Alabaster HOMES
Single-Family 83.9
Townhomes 3.4
Small Apt. Buildings 1.4
Apt. Complexes 5.8
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Alabaster HOMES
No Bedroom 0.00
1 Bedroom 1.75
2 Bedrooms 10.97
3 Bedrooms 54.94
4 Bedrooms 25.38
5 or more bedrooms 6.97

Alabaster Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
23.53% 1.23% 4 2
* 10 is highest