Athens, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Athens Neighborhoods Since 2000




Athens, 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 Q1 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

Athens Housing Market Information

With 24,966 people, 9,326 houses or apartments, and a median cost of homes of $121,225, house prices in Athens are solidly below the national average.

Single-family detached homes are the single most common housing type in Athens, accounting for 73.30% of the city's housing units. Other types of housing that are prevalent in Athens include large apartment complexes or high rise apartments ( 13.92%), duplexes, homes converted to apartments or other small apartment buildings ( 5.63%), and a few row houses and other attached homes ( 3.78%).

The most prevalent building size and type in Athens are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.97% owning and 36.03% renting.

There is a lot of housing in Athens 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 Athens built between 1940-1969 ( 28.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.89%). There's also some housing in Athens built before 1939 ( 5.49%).

Athens Home Appreciation Rates

Real estate appreciation rates in Athens's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.12% during the period.

Over the last year, Athens appreciation rates have trailed the rest of the nation. In the last twelve months, Athens's appreciation rate has been 1.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Athens were at 1.95%, which equates to an annual appreciation rate of 8.03%.

Importantly, this makes Athens one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Alabama, our data show that Athens's latest annual appreciation rate is lower than 60% 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 Athens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Athens - 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 Athens real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$121,225

Athens, AL HOME PRICES

Value Range
> $1,019,000 0.5
$764,001 - $1,019,000 0.6
$509,001 - $764,000 1.5
$407,001 - $509,000 1.3
$306,001 - $407,000 5.3
$204,001 - $306,000 13.5
$102,001 - $204,000 40.1
$51,001 - $102,000 27.4
$0 - $51,000 9.9

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
64.6900269541779 36.25

Number Of Homes And Apartments:
9,326

Athens Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
25.79% 1.34% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$722 / per month

Homeownership Rate

Homeownership
Owners 63.97
Renters 36.03
Vacant 7.36

Housing Market Details

 

Age of Homes

AGE OF Athens HOMES
2000 or Newer 23.9
1970 - 1999 42.1
1940 - 1969 28.5
1939 or Older 5.5

Types of Homes

TYPE OF Athens HOMES
Single-Family 73.3
Townhomes 3.8
Small Apt. Buildings 5.6
Apt. Complexes 13.9
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Athens HOMES
No Bedroom 1.47
1 Bedroom 6.03
2 Bedrooms 22.26
3 Bedrooms 47.41
4 Bedrooms 18.37
5 or more bedrooms 4.46