Athens, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Athens, AL Real Estate Data


Athens Housing Market Information

With 24,966 people, 9,203 houses or apartments, and a median cost of homes of $137,413, 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 74.33% of the city's housing units. Other types of housing that are prevalent in Athens include large apartment complexes or high rise apartments ( 11.96%), duplexes, homes converted to apartments or other small apartment buildings ( 6.91%), and a few mobile homes or trailers ( 3.43%).

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 62.78% owning and 37.22% 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 ( 26.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.40%). There's also some housing in Athens built before 1939 ( 5.56%).

Athens Home Appreciation Rates

Appreciation rates for homes in Athens have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.65%, which ranks in the top 50% nationwide. This equates to an annual average Athens house appreciation rate of 0.55%.

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 3.56%, 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 1.51%, which equates to an annual appreciation rate of 6.17%.

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:
$137,413

Athens, AL HOME PRICES

Value Range
> $1,041,000 0.2
$781,001 - $1,041,000 0.3
$521,001 - $781,000 1.3
$416,001 - $521,000 1.4
$312,001 - $416,000 6.0
$208,001 - $312,000 13.4
$104,001 - $208,000 40.6
$52,001 - $104,000 25.4
$0 - $52,000 11.4

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
56.9772208233296 22.5

Number Of Homes And Apartments:
9,203

Rent & Ownership

 

Average Market Rent:
$655 / per month

Homeownership Rate

Homeownership
Owners 62.78
Renters 37.22
Vacant 6.80

Housing Market Details

 

Age of Homes

AGE OF Athens HOMES
2000 or Newer 21.4
1970 - 1999 46.6
1940 - 1969 26.5
1939 or Older 5.6

Types of Homes

TYPE OF Athens HOMES
Single-Family 74.3
Townhomes 3.4
Small Apt. Buildings 6.9
Apt. Complexes 12.0
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Athens HOMES
No Bedroom 1.68
1 Bedroom 5.09
2 Bedrooms 21.86
3 Bedrooms 49.79
4 Bedrooms 17.69
5 or more bedrooms 3.89

Athens Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
30.31% 1.57% 5 3
* 10 is highest