Auburn, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Auburn, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Auburn Housing Market Information

With a population of 63,973, 22,588 total housing units (homes and apartments), and a median house value of $246,323, Auburn real estate is some of the most expensive in Alabama, although Auburn home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Auburn, accounting for 44.17% of the city's housing units. Other types of housing that are prevalent in Auburn include large apartment complexes or high rise apartments ( 34.08%), duplexes, homes converted to apartments or other small apartment buildings ( 13.15%), and a few row houses and other attached homes ( 4.35%).

The most prevalent building size and type in Auburn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.42% owning and 59.58% renting.

There is a lot of housing in Auburn 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 Auburn built between 2000 and later ( 39.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.09%). There's also some housing in Auburn built before 1939 ( 1.49%).

Vacant housing appears to be an issue in Auburn. Fully 14.98% of the housing stock is classified as vacant. Left unchecked, vacant Auburn homes and apartments can be a drag on the real estate market, holding Auburn 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.

Auburn Home Appreciation Rates

Real estate appreciation rates in Auburn's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.21% during the period.

Appreciation rates are so strong in Auburn that despite a nationwide downturn in the housing market, Auburn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Auburn appreciation rates continue to be some of the highest in America, at 8.45%, which is higher than appreciation rates in 84.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Auburn. Auburn appreciation rates in the latest quarter were at 3.42%, which equates to an annual appreciation rate of 14.38%.

Importantly, NeighborhoodScout’s exclusive research found that Auburn's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Alabama, our data show that Auburn's latest annual appreciation rate is higher than 90% 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 Auburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Auburn - 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 Auburn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$246,323

Auburn, AL HOME PRICES

Value Range
> $1,279,000 0.9
$959,001 - $1,279,000 3.2
$639,001 - $959,000 5.5
$511,001 - $639,000 6.8
$384,001 - $511,000 17.5
$256,001 - $384,000 27.5
$128,001 - $256,000 25.7
$64,001 - $128,000 4.7
$0 - $64,000 8.2

Very High for AL
High for Nation

Value Relative to Nation Value Relative to State
27.2 3.99002493765586

Number Of Homes And Apartments:
22,588

Auburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
60.82% 2.50%
9
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,050 / per month

Homeownership Rate

Homeownership
Owners 40.42
Renters 59.58
Vacant 14.98

Housing Market Details

 

Age of Homes

AGE OF Auburn HOMES
2000 or Newer 39.3
1970 - 1999 47.2
1940 - 1969 12.1
1939 or Older 1.5

Types of Homes

TYPE OF Auburn HOMES
Single-Family 44.2
Townhomes 4.4
Small Apt. Buildings 13.2
Apt. Complexes 34.1
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Auburn HOMES
No Bedroom 5.86
1 Bedroom 9.76
2 Bedrooms 27.72
3 Bedrooms 33.13
4 Bedrooms 18.72
5 or more bedrooms 4.82