Evergreen, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Evergreen, AL Real Estate Data


Evergreen Housing Market Information

With a population of 3,774, 1,492 total housing units (homes and apartments), and a median house value of $72,731, house prices in Evergreen are some of the most affordable in Alabama as well as the nation.

Single-family detached homes are the single most common housing type in Evergreen, accounting for 61.38% of the city's housing units. Other types of housing that are prevalent in Evergreen include duplexes, homes converted to apartments or other small apartment buildings ( 13.09%), large apartment complexes or high rise apartments ( 12.59%), and a few mobile homes or trailers ( 12.24%).

The most prevalent building size and type in Evergreen are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.56% owning and 46.44% renting.

There is a lot of housing in Evergreen 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 Evergreen built between 1940-1969 ( 26.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.79%). There's also some housing in Evergreen built before 1939 ( 12.24%).

Vacant housing appears to be an issue in Evergreen. Fully 24.87% of the housing stock is classified as vacant. Left unchecked, vacant Evergreen homes and apartments can be a drag on the real estate market, holding Evergreen 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.

Evergreen Home Appreciation Rates

Real estate appreciation rates in Evergreen's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.77% during the period.

Over the last year, Evergreen appreciation rates have trailed the rest of the nation. In the last twelve months, Evergreen's appreciation rate has been 0.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Evergreen were at -1.12%, which equates to an annual appreciation rate of -4.42%.

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

Relative to Alabama, our data show that Evergreen's latest annual appreciation rate is lower than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$72,731

Evergreen, AL HOME PRICES

Value Range
> $1,030,000 0.0
$772,001 - $1,030,000 0.0
$515,001 - $772,000 0.9
$412,001 - $515,000 2.0
$309,001 - $412,000 1.2
$206,001 - $309,000 9.6
$103,001 - $206,000 18.3
$51,001 - $103,000 37.7
$0 - $51,000 30.4

Very Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
94.0290636352982 85.25

Number Of Homes And Apartments:
1,492

Rent & Ownership

 

Average Market Rent:
$653 / per month

Homeownership Rate

Homeownership
Owners 53.56
Renters 46.44
Vacant 24.87

Housing Market Details

 

Age of Homes

AGE OF Evergreen HOMES
2000 or Newer 12.8
1970 - 1999 48.4
1940 - 1969 26.5
1939 or Older 12.2

Types of Homes

TYPE OF Evergreen HOMES
Single-Family 61.4
Townhomes 0.7
Small Apt. Buildings 13.1
Apt. Complexes 12.6
Mobile Homes 12.2
Other 0.0

Home Size

SIZE OF Evergreen HOMES
No Bedroom 1.26
1 Bedroom 4.23
2 Bedrooms 33.79
3 Bedrooms 52.57
4 Bedrooms 7.96
5 or more bedrooms 0.20

Evergreen 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
41.61% 2.04% 8 5
* 10 is highest

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Zip Codes in Evergreen, AL