Cullman, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cullman Neighborhoods Since 2000




Cullman, AL Real Estate Data


Cullman Housing Market Information

With 15,350 people, 6,109 houses or apartments, and a median cost of homes of $140,896, house prices in Cullman are solidly below the national average.

Single-family detached homes are the single most common housing type in Cullman, accounting for 67.02% of the city's housing units. Other types of housing that are prevalent in Cullman include large apartment complexes or high rise apartments ( 18.84%), duplexes, homes converted to apartments or other small apartment buildings ( 9.74%), and a few row houses and other attached homes ( 2.23%).

The most prevalent building size and type in Cullman are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.82% owning and 45.18% renting.

There is a lot of housing in Cullman 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 Cullman built between 1940-1969 ( 38.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.77%). There's also some housing in Cullman built before 1939 ( 3.39%).

Cullman Home Appreciation Rates

Appreciation rates for homes in Cullman have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.23%, which ranks in the top 30% nationwide. This equates to an annual average Cullman house appreciation rate of 1.16%.

NeighborhoodScout's data show that during the latest twelve months, Cullman's appreciation rate, at 4.46%, has been at or slightly above the national average. In the latest quarter, Cullman's appreciation rate has been 1.31%, which annualizes to a rate of 5.35%.

Relative to Alabama, our data show that Cullman's latest annual appreciation rate is higher than 70% 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 Cullman differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cullman - 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 Cullman real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$140,896

Cullman, AL HOME PRICES

Value Range
> $1,095,000 1.1
$821,001 - $1,095,000 0.7
$548,001 - $821,000 1.8
$438,001 - $548,000 0.6
$329,001 - $438,000 4.9
$219,001 - $329,000 13.8
$109,001 - $219,000 40.8
$55,001 - $109,000 24.1
$0 - $55,000 12.2

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
55.1853370029865 20.75

Number Of Homes And Apartments:
6,109

Rent & Ownership

 

Average Market Rent:
$729 / per month

Homeownership Rate

Homeownership
Owners 54.82
Renters 45.18
Vacant 7.93

Housing Market Details

 

Age of Homes

AGE OF Cullman HOMES
2000 or Newer 8.8
1970 - 1999 49.8
1940 - 1969 38.0
1939 or Older 3.4

Types of Homes

TYPE OF Cullman HOMES
Single-Family 67.0
Townhomes 2.2
Small Apt. Buildings 9.7
Apt. Complexes 18.8
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Cullman HOMES
No Bedroom 1.79
1 Bedroom 11.76
2 Bedrooms 29.56
3 Bedrooms 41.88
4 Bedrooms 12.19
5 or more bedrooms 2.82

Cullman Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
23.96% 1.27% 3 2
* 10 is highest