Chickasaw, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chickasaw, AL Real Estate Data


Chickasaw Housing Market Information

With 5,954 people, 2,208 houses or apartments, and a median cost of homes of $87,635, house prices in Chickasaw are solidly below the national average.

Single-family detached homes are the single most common housing type in Chickasaw, accounting for 80.71% of the city's housing units. Other types of housing that are prevalent in Chickasaw include duplexes, homes converted to apartments or other small apartment buildings ( 16.65%), large apartment complexes or high rise apartments ( 1.19%), and a few row houses and other attached homes ( 1.15%).

The most prevalent building size and type in Chickasaw are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.00% owning and 42.00% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Chickasaw's housing was primarily built during this period, from the '40s through the '60s. A full 66.48% of the city's housing hails from this era. Other housing ages represented in Chickasaw include homes built between 1970-1999 ( 22.01%) and housing constructed before 1939 ( 9.57%). There's also some housing in Chickasaw built between 2000 and later ( 1.95%).

Vacant housing appears to be an issue in Chickasaw. Fully 15.50% of the housing stock is classified as vacant. Left unchecked, vacant Chickasaw homes and apartments can be a drag on the real estate market, holding Chickasaw 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.

Chickasaw Home Appreciation Rates

Chickasaw's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chickasaw during the period has been just -0.91%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Chickasaw's appreciation rate, at 5.67%, has been at or slightly above the national average. In the latest quarter, Chickasaw's appreciation rate has been 0.73%, which annualizes to a rate of 2.95%.

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

Average Home Values

 

Median Home Value:
$87,635

Chickasaw, AL HOME PRICES

Value Range
> $1,071,000 0.3
$803,001 - $1,071,000 0.9
$535,001 - $803,000 0.2
$428,001 - $535,000 0.0
$321,001 - $428,000 0.3
$214,001 - $321,000 1.1
$107,001 - $214,000 20.8
$53,001 - $107,000 60.7
$0 - $53,000 15.6

Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
85.5267783897809 65.25

Number Of Homes And Apartments:
2,208

Rent & Ownership

 

Average Market Rent:
$1,273 / per month

Homeownership Rate

Homeownership
Owners 58.00
Renters 42.00
Vacant 15.50

Housing Market Details

 

Age of Homes

AGE OF Chickasaw HOMES
2000 or Newer 2.0
1970 - 1999 22.0
1940 - 1969 66.5
1939 or Older 9.6

Types of Homes

TYPE OF Chickasaw HOMES
Single-Family 80.7
Townhomes 1.1
Small Apt. Buildings 16.6
Apt. Complexes 1.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Chickasaw HOMES
No Bedroom 0.38
1 Bedroom 6.51
2 Bedrooms 27.02
3 Bedrooms 57.29
4 Bedrooms 7.19
5 or more bedrooms 1.61

Chickasaw Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
34.41% 1.73% 7 4
* 10 is highest

Popular Neighborhoods in Chickasaw

Zip Codes in Chickasaw, AL