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 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

Chelsea Housing Market Information

With a population of 14,126, 4,108 total housing units (homes and apartments), and a median house value of $263,438, 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 96.50% of the city's housing units. Other types of housing that are prevalent in Chelsea include mobile homes or trailers ( 2.21%), row houses and other attached homes ( 1.30%).

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 90.90% of Chelsea's homes, and 85.95% 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. 74.26% 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 ( 23.92%), and between 1940-1969 ( 0.93%).

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 1.85% during the period.

NeighborhoodScout's data show that during the latest twelve months, Chelsea's appreciation rate, at 4.62%, has been at or slightly above the national average. In the latest quarter, Chelsea's appreciation rate has been 1.47%, which annualizes to a rate of 6.00%.

Relative to Alabama, our data show that Chelsea's latest annual appreciation rate is lower than 50% of the other cities and towns in Alabama.

Average Home Values

 
info

Median Home Value:
$263,438

Chelsea, AL HOME PRICES

> $1,183,000
2.1%
2.1%
$887,001 - $1,183,000
0.9%
0.9%
$591,001 - $887,000
3.3%
3.3%
$473,001 - $591,000
5.3%
5.3%
$355,001 - $473,000
9.6%
9.6%
$237,001 - $355,000
34.9%
34.9%
$118,001 - $237,000
34.6%
34.6%
$59,001 - $118,000
4.8%
4.8%
$0 - $59,000
4.5%
4.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for AL

Value Relative To Nation

Number Of Homes And Apartments:
4,108

Chelsea 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
37.53% 1.55%
2
2
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,453 / per month

Homeownership Rate

Owners
90.9%
90.9%
Renters
9.1%
9.1%
Vacant
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
74.3%
74.3%
1970 - 1999
23.9%
23.9%
1940 - 1969
0.9%
0.9%
1939 or Older
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
96.5%
96.5%
Townhomes
1.3%
1.3%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.0%
0.0%
Mobile Homes
2.2%
2.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.0%
0.0%
2 Bedrooms
5.5%
5.5%
3 Bedrooms
52.1%
52.1%
4 Bedrooms
33.8%
33.8%
5 or more bedrooms
8.5%
8.5%
0.0% 100.0%
% OF HOMES