Atmore, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Atmore Neighborhoods Since 2000




Atmore, 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

Atmore Housing Market Information

With a population of 10,049, 3,246 total housing units (homes and apartments), and a median house value of $105,460, house prices in Atmore are solidly below the national average.

Single-family detached homes are the single most common housing type in Atmore, accounting for 73.90% of the city's housing units. Other types of housing that are prevalent in Atmore include large apartment complexes or high rise apartments ( 11.34%), mobile homes or trailers ( 7.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.14%).

The most prevalent building size and type in Atmore are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.96% owning and 51.04% renting.

There is a lot of housing in Atmore 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 Atmore built between 1940-1969 ( 38.78%). A lesser amount of the housing stock also hails from before 1939 ( 4.17%). There's also some housing in Atmore built between 2000 and later ( 3.79%).

Vacant housing appears to be an issue in Atmore. Fully 16.36% of the housing stock is classified as vacant. Left unchecked, vacant Atmore homes and apartments can be a drag on the real estate market, holding Atmore 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.

Atmore Home Appreciation Rates

Appreciation rates for homes in Atmore have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.31%, which ranks in the top 50% nationwide. This equates to an annual average Atmore house appreciation rate of 0.23%.

Appreciation rates are so strong in Atmore that despite a nationwide downturn in the housing market, Atmore real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Atmore appreciation rates continue to be some of the highest in America, at 8.66%, which is higher than appreciation rates in 89.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Atmore. Atmore appreciation rates in the latest quarter were at 0.55%, which equates to an annual appreciation rate of 2.22%.

Relative to Alabama, our data show that Atmore's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$105,460

Atmore, AL HOME PRICES

Value Range
> $1,095,000 0.9
$821,001 - $1,095,000 0.4
$547,001 - $821,000 0.4
$438,001 - $547,000 0.3
$329,001 - $438,000 2.0
$219,001 - $329,000 6.2
$109,001 - $219,000 36.5
$55,001 - $109,000 31.8
$0 - $55,000 21.5

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
74.0360951599672 50.5

Number Of Homes And Apartments:
3,246

Atmore 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
43.81% 2.13% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$789 / per month

Homeownership Rate

Homeownership
Owners 48.96
Renters 51.04
Vacant 16.36

Housing Market Details

 

Age of Homes

AGE OF Atmore HOMES
2000 or Newer 3.8
1970 - 1999 53.3
1940 - 1969 38.8
1939 or Older 4.2

Types of Homes

TYPE OF Atmore HOMES
Single-Family 73.9
Townhomes 0.0
Small Apt. Buildings 7.1
Apt. Complexes 11.3
Mobile Homes 7.6
Other 0.0

Home Size

SIZE OF Atmore HOMES
No Bedroom 0.54
1 Bedroom 5.82
2 Bedrooms 29.45
3 Bedrooms 50.24
4 Bedrooms 12.42
5 or more bedrooms 1.52

Zip Codes in Atmore, AL