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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Eclectic, AL Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Eclectic, AL Housing Market Trends

With 1,198 people, 461 houses or apartments, and a median cost of homes of $359,498, Eclectic real estate is some of the most expensive in Alabama, although Eclectic home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Eclectic, accounting for 87.25% of the town's housing units. Other types of housing that are prevalent in Eclectic include mobile homes or trailers ( 6.10%), duplexes, homes converted to apartments or other small apartment buildings ( 5.75%).

The most prevalent building size and type in Eclectic are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.86% owning and 35.14% renting.

There is a lot of housing in Eclectic 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 Eclectic built between 1940-1969 ( 35.19%). A lesser amount of the housing stock also hails from before 1939 ( 12.39%). There's also some housing in Eclectic built between 2000 and later ( 9.52%).

Vacant housing appears to be an issue in Eclectic. Fully 17.24% of the housing stock is classified as vacant. Left unchecked, vacant Eclectic homes and apartments can be a drag on the real estate market, holding Eclectic 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.

Eclectic Home Appreciation Rates

Real estate appreciation rates in Eclectic's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.00% during the period.

Appreciation rates are so strong in Eclectic that despite a nationwide downturn in the housing market, Eclectic real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Eclectic appreciation rates continue to be some of the highest in America, at 10.00%, which is higher than appreciation rates in 94.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Eclectic. Eclectic appreciation rates in the latest quarter were at 2.19%, which equates to an annual appreciation rate of 9.05%.

Relative to Alabama, our data show that Eclectic's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.

Average Home Values

Median Home Value

$359,498

Eclectic, AL Home Prices
> $1,980,000
$1,485,001 - $1,980,000
$990,001 - $1,485,000
$792,001 - $990,000
$594,001 - $792,000
$396,001 - $594,000
$198,001 - $396,000
$99,001 - $198,000
$0 - $99,000
0.0%
0.0%
0.0%
0.0%
1.3%
1.3%
4.1%
4.1%
13.0%
13.0%
27.6%
27.6%
19.8%
19.8%
22.9%
22.9%
11.3%
11.3%
0% 100.0%
% of Homes
Very High

for Alabama

High

for nation

Number of Homes And Apartments:

461

Eclectic Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,704 / per month

Homeownership Rate

Owners
Renters
Vacant
64.9%
64.9%
35.1%
35.1%
17.2%
17.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.5%
9.5%
42.9%
42.9%
35.2%
35.2%
12.4%
12.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
87.3%
87.3%
0.0%
0.0%
5.7%
5.7%
0.9%
0.9%
6.1%
6.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.4%
0.4%
24.4%
24.4%
58.0%
58.0%
16.7%
16.7%
0.5%
0.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Eclectic

Zip Codes in Eclectic, AL