Chelsea, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Chelsea Neighborhoods Since 2000




Chelsea, 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

Chelsea Housing Market Information

With 12,059 people, 3,709 houses or apartments, and a median cost of homes of $241,590, Chelsea real estate is some of the most expensive in Alabama, although Chelsea home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Chelsea, accounting for 90.39% of the city's housing units. Other types of housing that are prevalent in Chelsea include mobile homes or trailers ( 6.45%), duplexes, homes converted to apartments or other small apartment buildings ( 1.48%), and a few row houses and other attached homes ( 1.37%).

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 88.85% of Chelsea's homes, and 85.09% 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. 69.42% 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 ( 27.68%), and between 1940-1969 ( 2.90%).

Chelsea Home Appreciation Rates

Real estate appreciation rates in Chelsea's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

NeighborhoodScout's data show that during the latest twelve months, Chelsea's appreciation rate, at 4.57%, has been at or slightly above the national average. In the latest quarter, Chelsea's appreciation rate has been 0.16%, which annualizes to a rate of 0.62%.

Relative to Alabama, our data show that Chelsea's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$241,590

Chelsea, AL HOME PRICES

Value Range
> $1,089,000 1.6
$816,001 - $1,089,000 1.3
$544,001 - $816,000 3.3
$435,001 - $544,000 2.6
$326,001 - $435,000 12.5
$218,001 - $326,000 29.0
$108,001 - $218,000 35.4
$54,001 - $108,000 6.9
$0 - $54,000 7.5

Very High for AL
High for Nation

Value Relative to Nation Value Relative to State
23.8661666471347 2.75

Number Of Homes And Apartments:
3,709

Chelsea 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
17.42% 0.94% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,805 / per month

Homeownership Rate

Homeownership
Owners 88.85
Renters 11.15
Vacant 3.96

Housing Market Details

 

Age of Homes

AGE OF Chelsea HOMES
2000 or Newer 69.4
1970 - 1999 27.7
1940 - 1969 2.9
1939 or Older 0.0

Types of Homes

TYPE OF Chelsea HOMES
Single-Family 90.4
Townhomes 1.4
Small Apt. Buildings 1.5
Apt. Complexes 0.3
Mobile Homes 6.4
Other 0.0

Home Size

SIZE OF Chelsea HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 8.75
3 Bedrooms 55.98
4 Bedrooms 29.10
5 or more bedrooms 6.16