Dora, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dora, 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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Dora Housing Market Information

With 1,960 people, 812 houses or apartments, and a median cost of homes of $118,650, house prices in Dora are solidly below the national average.

Single-family detached homes are the single most common housing type in Dora, accounting for 66.99% of the city's housing units. Other types of housing that are prevalent in Dora include mobile homes or trailers ( 22.40%), duplexes, homes converted to apartments or other small apartment buildings ( 7.30%), and a few large apartment complexes or high rise apartments ( 3.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dora. Owner-occupied housing accounts for 78.08% of Dora's homes, and 70.59% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Dora 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 Dora built between 2000 and later ( 25.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.05%). There's also some housing in Dora built before 1939 ( 10.91%).

Vacant housing appears to be an issue in Dora. Fully 20.93% of the housing stock is classified as vacant. Left unchecked, vacant Dora homes and apartments can be a drag on the real estate market, holding Dora 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.

Dora Home Appreciation Rates

Real estate appreciation rates in Dora'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, Dora appreciation rates have trailed the rest of the nation. In the last twelve months, Dora's appreciation rate has been 3.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dora were at 2.24%, which equates to an annual appreciation rate of 9.29%.

Relative to Alabama, our data show that Dora's latest annual appreciation rate is higher than 60% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$118,650

Dora, AL HOME PRICES

Value Range
> $1,099,000 1.0
$824,001 - $1,099,000 0.6
$549,001 - $824,000 1.0
$439,001 - $549,000 0.4
$330,001 - $439,000 7.1
$220,001 - $330,000 11.3
$110,001 - $220,000 29.5
$55,001 - $110,000 27.1
$0 - $55,000 21.9

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
67.4863867907957 39.75

Number Of Homes And Apartments:
812

Dora Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
38.75% 1.89% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$860 / per month

Homeownership Rate

Homeownership
Owners 78.08
Renters 21.92
Vacant 20.93

Housing Market Details

 

Age of Homes

AGE OF Dora HOMES
2000 or Newer 25.0
1970 - 1999 40.0
1940 - 1969 24.1
1939 or Older 10.9

Types of Homes

TYPE OF Dora HOMES
Single-Family 67.0
Townhomes 0.0
Small Apt. Buildings 7.3
Apt. Complexes 3.3
Mobile Homes 22.4
Other 0.0

Home Size

SIZE OF Dora HOMES
No Bedroom 0.00
1 Bedroom 2.82
2 Bedrooms 25.41
3 Bedrooms 51.31
4 Bedrooms 19.28
5 or more bedrooms 1.17