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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 27,978, 10,280 total housing units (homes and apartments), and a median house value of $159,748, Enterprise real estate is some of the most expensive in Alabama, although Enterprise home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Enterprise, accounting for 73.94% of the city's housing units. Other types of housing that are prevalent in Enterprise include large apartment complexes or high rise apartments ( 9.45%), duplexes, homes converted to apartments or other small apartment buildings ( 8.86%), and a few row houses and other attached homes ( 6.14%).
The most prevalent building size and type in Enterprise are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.97% owning and 40.03% renting.
There is a lot of housing in Enterprise 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 Enterprise built between 2000 and later ( 29.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.99%). There's also some housing in Enterprise built before 1939 ( 1.51%).
Vacant housing appears to be an issue in Enterprise. Fully 15.85% of the housing stock is classified as vacant. Left unchecked, vacant Enterprise homes and apartments can be a drag on the real estate market, holding Enterprise 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.
Appreciation rates for homes in Enterprise have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.66%, which ranks in the top 50% nationwide. This equates to an annual average Enterprise house appreciation rate of 0.26%.
Over the last year, Enterprise appreciation rates have trailed the rest of the nation. In the last twelve months, Enterprise's appreciation rate has been 2.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Enterprise were at -0.55%, which equates to an annual appreciation rate of -2.17%.
Notably, Enterprise's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Enterprise's latest annual appreciation rate is higher than 50% 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 Enterprise differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Enterprise - 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 Enterprise real estate investment or home purchase decisions.
|$779,001 - $1,039,000||0.1|
|$520,001 - $779,000||0.6|
|$416,001 - $520,000||1.1|
|$312,001 - $416,000||5.0|
|$208,001 - $312,000||24.1|
|$104,001 - $208,000||44.3|
|$52,001 - $104,000||17.1|
|$0 - $52,000||7.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Enterprise HOMES|
|2000 or Newer||29.3|
|1970 - 1999||47.2|
|1940 - 1969||22.0|
|1939 or Older||1.5|
|TYPE OF Enterprise HOMES|
|Small Apt. Buildings||8.9|
|SIZE OF Enterprise HOMES|
|5 or more bedrooms||4.13|