Demopolis, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Demopolis, AL Real Estate Data


Demopolis Housing Market Information

With a population of 7,148, 2,929 total housing units (homes and apartments), and a median house value of $86,594, house prices in Demopolis are solidly below the national average.

Single-family detached homes are the single most common housing type in Demopolis, accounting for 66.00% of the city's housing units. Other types of housing that are prevalent in Demopolis include large apartment complexes or high rise apartments ( 16.28%), duplexes, homes converted to apartments or other small apartment buildings ( 7.06%), and a few mobile homes or trailers ( 6.44%).

The most prevalent building size and type in Demopolis are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.36% owning and 44.64% renting.

There is a lot of housing in Demopolis 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 Demopolis built between 1940-1969 ( 29.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.92%). There's also some housing in Demopolis built before 1939 ( 7.32%).

Vacant housing appears to be an issue in Demopolis. Fully 14.23% of the housing stock is classified as vacant. Left unchecked, vacant Demopolis homes and apartments can be a drag on the real estate market, holding Demopolis 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.

Demopolis Home Appreciation Rates

Real estate appreciation rates in Demopolis's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.25% during the period.

Over the last year, Demopolis appreciation rates have trailed the rest of the nation. In the last twelve months, Demopolis's appreciation rate has been -0.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Demopolis were at -0.96%, which equates to an annual appreciation rate of -3.80%.

Notably, Demopolis's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$86,594

Demopolis, AL HOME PRICES

Value Range
> $1,002,000 0.0
$751,001 - $1,002,000 0.6
$501,001 - $751,000 1.3
$401,001 - $501,000 0.2
$300,001 - $401,000 4.6
$200,001 - $300,000 10.4
$100,001 - $200,000 38.0
$50,001 - $100,000 24.7
$0 - $50,000 20.3

Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
86.2885268955819 66.0

Number Of Homes And Apartments:
2,929

Rent & Ownership

 

Average Market Rent:
$656 / per month

Homeownership Rate

Homeownership
Owners 55.36
Renters 44.64
Vacant 14.23

Housing Market Details

 

Age of Homes

AGE OF Demopolis HOMES
2000 or Newer 10.9
1970 - 1999 52.2
1940 - 1969 29.6
1939 or Older 7.3

Types of Homes

TYPE OF Demopolis HOMES
Single-Family 66.0
Townhomes 4.2
Small Apt. Buildings 7.1
Apt. Complexes 16.3
Mobile Homes 6.4
Other 0.0

Home Size

SIZE OF Demopolis HOMES
No Bedroom 1.14
1 Bedroom 8.84
2 Bedrooms 26.44
3 Bedrooms 48.52
4 Bedrooms 12.62
5 or more bedrooms 2.43

Demopolis 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
24.23% 1.27% 4 3
* 10 is highest

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Zip Codes in Demopolis, AL