Eufaula, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Eufaula, 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

Eufaula Housing Market Information

With a population of 12,596, 4,962 total housing units (homes and apartments), and a median house value of $115,107, house prices in Eufaula are solidly below the national average.

Single-family detached homes are the single most common housing type in Eufaula, accounting for 66.06% of the city's housing units. Other types of housing that are prevalent in Eufaula include mobile homes or trailers ( 13.21%), duplexes, homes converted to apartments or other small apartment buildings ( 9.71%), and a few large apartment complexes or high rise apartments ( 9.68%).

The most prevalent building size and type in Eufaula are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.10% owning and 43.90% renting.

There is a lot of housing in Eufaula 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 Eufaula built between 1940-1969 ( 28.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.82%). There's also some housing in Eufaula built before 1939 ( 6.61%).

Vacant housing appears to be an issue in Eufaula. Fully 15.88% of the housing stock is classified as vacant. Left unchecked, vacant Eufaula homes and apartments can be a drag on the real estate market, holding Eufaula 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.

Eufaula Home Appreciation Rates

Eufaula's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Eufaula during the period has been just -0.93%, which is lower than 70% of US communities.

Over the last year, Eufaula appreciation rates have trailed the rest of the nation. In the last twelve months, Eufaula's appreciation rate has been -0.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Eufaula were at -0.55%, which equates to an annual appreciation rate of -2.17%.

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

Relative to Alabama, our data show that Eufaula's latest annual appreciation rate is lower than 90% 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 Eufaula differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Eufaula - 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 Eufaula real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$115,107

Eufaula, AL HOME PRICES

Value Range
> $992,000 0.8
$744,001 - $992,000 0.6
$496,001 - $744,000 2.6
$397,001 - $496,000 1.0
$298,001 - $397,000 5.0
$198,001 - $298,000 10.7
$99,001 - $198,000 38.8
$49,001 - $99,000 25.6
$0 - $49,000 15.0

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
69.4829908074243 42.5

Number Of Homes And Apartments:
4,962

Eufaula 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
22.51% 1.17% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$729 / per month

Homeownership Rate

Homeownership
Owners 56.10
Renters 43.90
Vacant 15.88

Housing Market Details

 

Age of Homes

AGE OF Eufaula HOMES
2000 or Newer 8.8
1970 - 1999 56.1
1940 - 1969 28.4
1939 or Older 6.6

Types of Homes

TYPE OF Eufaula HOMES
Single-Family 66.1
Townhomes 1.3
Small Apt. Buildings 9.7
Apt. Complexes 9.7
Mobile Homes 13.2
Other 0.1

Home Size

SIZE OF Eufaula HOMES
No Bedroom 1.85
1 Bedroom 7.09
2 Bedrooms 26.34
3 Bedrooms 45.80
4 Bedrooms 16.63
5 or more bedrooms 2.29

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Zip Codes in Eufaula, AL