Anniston, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Anniston, AL Real Estate Data


Anniston Housing Market Information

With 22,347 people, 9,602 houses or apartments, and a median cost of homes of $71,968, house prices in Anniston are some of the most affordable in Alabama as well as the nation.

Single-family detached homes are the single most common housing type in Anniston, accounting for 73.71% of the city's housing units. Other types of housing that are prevalent in Anniston include large apartment complexes or high rise apartments ( 13.41%), duplexes, homes converted to apartments or other small apartment buildings ( 9.87%), and a few row houses and other attached homes ( 2.07%).

The most prevalent building size and type in Anniston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.42% owning and 46.58% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Anniston's housing was primarily built during this period, from the '40s through the '60s. A full 47.17% of the city's housing hails from this era. Other housing ages represented in Anniston include homes built between 1970-1999 ( 33.92%) and housing constructed before 1939 ( 12.52%). There's also some housing in Anniston built between 2000 and later ( 6.38%).

Vacant housing appears to be an issue in Anniston. Fully 19.37% of the housing stock is classified as vacant. Left unchecked, vacant Anniston homes and apartments can be a drag on the real estate market, holding Anniston 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.

Anniston Home Appreciation Rates

Real estate appreciation rates in Anniston's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.73% during the period.

Over the last year, Anniston appreciation rates have trailed the rest of the nation. In the last twelve months, Anniston's appreciation rate has been 0.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Anniston were at -1.45%, which equates to an annual appreciation rate of -5.67%.

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

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

Average Home Values

 

Median Home Value:
$71,968

Anniston, AL HOME PRICES

Value Range
> $1,016,000 0.0
$762,001 - $1,016,000 0.0
$508,001 - $762,000 1.2
$406,001 - $508,000 0.7
$305,001 - $406,000 3.3
$203,001 - $305,000 8.2
$101,001 - $203,000 26.4
$51,001 - $101,000 32.1
$0 - $51,000 27.5

Very Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
94.3161842259463 86.0

Number Of Homes And Apartments:
9,602

Rent & Ownership

 

Average Market Rent:
$775 / per month

Homeownership Rate

Homeownership
Owners 53.42
Renters 46.58
Vacant 19.37

Housing Market Details

 

Age of Homes

AGE OF Anniston HOMES
2000 or Newer 6.4
1970 - 1999 33.9
1940 - 1969 47.2
1939 or Older 12.5

Types of Homes

TYPE OF Anniston HOMES
Single-Family 73.7
Townhomes 2.1
Small Apt. Buildings 9.9
Apt. Complexes 13.4
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Anniston HOMES
No Bedroom 1.43
1 Bedroom 8.56
2 Bedrooms 33.68
3 Bedrooms 41.36
4 Bedrooms 12.13
5 or more bedrooms 2.84

Anniston 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
16.79% 0.90% 2 2
* 10 is highest