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 17,218, 7,022 total housing units (homes and apartments), and a median house value of $188,865, Foley real estate is some of the most expensive in Alabama, although Foley home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Foley, accounting for 68.69% of the city's housing units. Other types of housing that are prevalent in Foley include large apartment complexes or high rise apartments ( 15.20%), duplexes, homes converted to apartments or other small apartment buildings ( 8.92%), and a few mobile homes or trailers ( 6.16%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Foley. Owner-occupied housing accounts for 65.20% of Foley's homes, and 70.04% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Foley 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 Foley built between 2000 and later ( 45.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.51%).
Vacant housing appears to be an issue in Foley. Fully 19.69% of the housing stock is classified as vacant. Left unchecked, vacant Foley homes and apartments can be a drag on the real estate market, holding Foley 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.
Foley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Foley during the period has been just -1.38%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Foley's appreciation rate, at 4.56%, has been at or slightly above the national average. In the latest quarter, Foley's appreciation rate has been 4.08%, which annualizes to a rate of 17.35%.
Importantly, this makes Foley one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Alabama, our data show that Foley's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.
|$917,001 - $1,223,000||0.4|
|$612,001 - $917,000||0.9|
|$489,001 - $612,000||0.2|
|$367,001 - $489,000||6.3|
|$245,001 - $367,000||18.8|
|$122,001 - $245,000||46.4|
|$61,001 - $122,000||15.1|
|$0 - $61,000||10.8|
|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 Foley HOMES|
|2000 or Newer||45.2|
|1970 - 1999||46.3|
|1940 - 1969||7.5|
|1939 or Older||1.0|
|TYPE OF Foley HOMES|
|Small Apt. Buildings||8.9|
|SIZE OF Foley HOMES|
|5 or more bedrooms||0.51|