Center Point, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Center Point Housing Market Information

With 16,110 people, 6,129 houses or apartments, and a median cost of homes of $119,035, house prices in Center Point are solidly below the national average.

Single-family detached homes are the single most common housing type in Center Point, accounting for 71.90% of the city's housing units. Other types of housing that are prevalent in Center Point include large apartment complexes or high rise apartments ( 16.61%), duplexes, homes converted to apartments or other small apartment buildings ( 8.35%), and a few row houses and other attached homes ( 2.53%).

The most prevalent building size and type in Center Point are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.02% owning and 41.98% renting.

There is a lot of housing in Center Point 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 Center Point built between 1940-1969 ( 41.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.51%).

Vacant housing appears to be an issue in Center Point. Fully 14.95% of the housing stock is classified as vacant. Left unchecked, vacant Center Point homes and apartments can be a drag on the real estate market, holding Center Point 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.

Center Point Home Appreciation Rates

Center Point's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Center Point during the period has been just 1.11%, which is lower than 80% of US communities.

Over the last year, Center Point appreciation rates have trailed the rest of the nation. In the last twelve months, Center Point's appreciation rate has been 3.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Center Point were at 1.42%, which equates to an annual appreciation rate of 5.79%.

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

Average Home Values

 
info

Median Home Value:
$119,035

Center Point, AL HOME PRICES

> $1,152,000
0.2%
0.2%
$864,001 - $1,152,000
0.0%
0.0%
$576,001 - $864,000
0.5%
0.5%
$461,001 - $576,000
0.0%
0.0%
$345,001 - $461,000
0.2%
0.2%
$230,001 - $345,000
1.8%
1.8%
$115,001 - $230,000
43.6%
43.6%
$57,001 - $115,000
48.0%
48.0%
$0 - $57,000
5.7%
5.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for AL

Value Relative To Nation

Number Of Homes And Apartments:
6,129

Center Point Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
20.10% 0.89%
1
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,277 / per month

Homeownership Rate

Owners
58.0%
58.0%
Renters
42.0%
42.0%
Vacant
14.9%
14.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
8.5%
8.5%
1970 - 1999
48.9%
48.9%
1940 - 1969
41.9%
41.9%
1939 or Older
0.7%
0.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.9%
71.9%
Townhomes
2.5%
2.5%
Small Apt. Buildings
8.4%
8.4%
Apt. Complexes
16.6%
16.6%
Mobile Homes
0.6%
0.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
3.7%
3.7%
2 Bedrooms
27.1%
27.1%
3 Bedrooms
57.6%
57.6%
4 Bedrooms
9.1%
9.1%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES