Alexander City, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Alexander City Neighborhoods Since 2000




Alexander City, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Alexander City Housing Market Information

With a population of 14,718, 5,759 total housing units (homes and apartments), and a median house value of $100,742, house prices in Alexander City are solidly below the national average.

Single-family detached homes are the single most common housing type in Alexander City, accounting for 72.21% of the city's housing units. Other types of housing that are prevalent in Alexander City include duplexes, homes converted to apartments or other small apartment buildings ( 11.97%), large apartment complexes or high rise apartments ( 8.98%), and a few mobile homes or trailers ( 5.71%).

The most prevalent building size and type in Alexander City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.64% owning and 44.36% renting.

There is a lot of housing in Alexander City 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 Alexander City built between 1940-1969 ( 36.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.67%). There's also some housing in Alexander City built before 1939 ( 4.73%).

Alexander City Home Appreciation Rates

Real estate appreciation rates in Alexander City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.09% during the period.

Over the last year, Alexander City appreciation rates have trailed the rest of the nation. In the last twelve months, Alexander City's appreciation rate has been 3.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alexander City were at -0.55%, which equates to an annual appreciation rate of -2.17%.

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

Relative to Alabama, our data show that Alexander City's latest annual appreciation rate is higher than 60% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$100,742

Alexander City, AL HOME PRICES

Value Range
> $1,029,000 0.1
$771,001 - $1,029,000 2.1
$515,001 - $771,000 0.5
$411,001 - $515,000 2.3
$309,001 - $411,000 3.5
$206,001 - $309,000 10.9
$103,001 - $206,000 28.7
$52,001 - $103,000 33.0
$0 - $52,000 18.7

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
78.0695591076761 55.5

Number Of Homes And Apartments:
5,759

Alexander City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
36.83% 1.81% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$795 / per month

Homeownership Rate

Homeownership
Owners 55.64
Renters 44.36
Vacant 8.60

Housing Market Details

 

Age of Homes

AGE OF Alexander City HOMES
2000 or Newer 7.7
1970 - 1999 51.0
1940 - 1969 36.6
1939 or Older 4.7

Types of Homes

TYPE OF Alexander City HOMES
Single-Family 72.2
Townhomes 0.9
Small Apt. Buildings 12.0
Apt. Complexes 9.0
Mobile Homes 5.7
Other 0.2

Home Size

SIZE OF Alexander City HOMES
No Bedroom 9.73
1 Bedroom 4.29
2 Bedrooms 25.68
3 Bedrooms 49.34
4 Bedrooms 7.71
5 or more bedrooms 3.25

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Zip Codes in Alexander City, AL