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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 16,193, 5,209 total housing units (homes and apartments), and a median house value of $368,364, Chelsea real estate is some of the most expensive in Alabama, although Chelsea home values aren't among America's most expensive.
Chelsea is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Chelsea than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chelsea. Owner-occupied housing accounts for 88.40% of Chelsea's homes, and 82.29% have either three or four bedrooms, which is average sized relative to America.
Chelsea homes and real estate are some of the newest in America. 74.84% of Chelsea's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Chelsea real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 21.23%), and between 1940-1969 ( 2.71%). There's also some housing in Chelsea built before 1939 ( 1.23%).
Chelsea's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chelsea during the period has been just 5.08%, which is lower than 70% of US communities.
Over the last year, Chelsea appreciation rates have trailed the rest of the nation. In the last twelve months, Chelsea's appreciation rate has been 3.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chelsea were at -0.87%, which equates to an annual appreciation rate of -3.42%.
Notably, Chelsea's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Chelsea's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.
$368,364
for Alabama
for nation
5,209
$2,445 / per month