Daphne, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Daphne, AL Real Estate Data


Daphne Housing Market Information

With 24,896 people, 8,731 houses or apartments, and a median cost of homes of $214,925, Daphne real estate is some of the most expensive in Alabama, although Daphne home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Daphne, accounting for 71.70% of the city's housing units. Other types of housing that are prevalent in Daphne include large apartment complexes or high rise apartments ( 18.63%), duplexes, homes converted to apartments or other small apartment buildings ( 6.81%), and a few row houses and other attached homes ( 1.91%).

The most prevalent building size and type in Daphne are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.50% owning and 36.50% renting.

There is a lot of housing in Daphne 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 Daphne built between 2000 and later ( 28.06%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.72%). There's also some housing in Daphne built before 1939 ( 1.63%).

Vacant housing appears to be an issue in Daphne. Fully 11.48% of the housing stock is classified as vacant. Left unchecked, vacant Daphne homes and apartments can be a drag on the real estate market, holding Daphne 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.

Daphne Home Appreciation Rates

Daphne's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Daphne during the period has been just -1.13%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Daphne's appreciation rate, at 5.04%, has been at or slightly above the national average. In the latest quarter, Daphne's appreciation rate has been 1.24%, which annualizes to a rate of 5.03%.

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

Average Home Values

 

Median Home Value:
$214,925

Daphne, AL HOME PRICES

Value Range
> $1,142,000 0.5
$857,001 - $1,142,000 0.5
$571,001 - $857,000 2.0
$457,001 - $571,000 4.1
$343,001 - $457,000 9.0
$229,001 - $343,000 15.2
$115,001 - $229,000 54.5
$57,001 - $115,000 7.7
$0 - $57,000 6.5

Very High for AL
High for Nation

Value Relative to Nation Value Relative to State
29.6597763073139 4.0

Number Of Homes And Apartments:
8,731

Rent & Ownership

 

Average Market Rent:
$1,274 / per month

Homeownership Rate

Homeownership
Owners 63.50
Renters 36.50
Vacant 11.48

Housing Market Details

 

Age of Homes

AGE OF Daphne HOMES
2000 or Newer 28.1
1970 - 1999 63.6
1940 - 1969 6.7
1939 or Older 1.6

Types of Homes

TYPE OF Daphne HOMES
Single-Family 71.7
Townhomes 1.9
Small Apt. Buildings 6.8
Apt. Complexes 18.6
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Daphne HOMES
No Bedroom 2.31
1 Bedroom 8.58
2 Bedrooms 16.19
3 Bedrooms 48.15
4 Bedrooms 21.51
5 or more bedrooms 3.25

Daphne 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
28.09% 1.47% 5 3
* 10 is highest