Foley, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Foley Neighborhoods Since 2000




Foley, 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 Q1 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

Foley Housing Market Information

With a population of 17,218, 7,022 total housing units (homes and apartments), and a median house value of $181,327, 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 Home Appreciation Rates

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 -1.81%, which is lower than 80% of US communities.

Over the last year, Foley appreciation rates have trailed the rest of the nation. In the last twelve months, Foley's appreciation rate has been 0.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Foley were at -0.36%, which equates to an annual appreciation rate of -1.45%.

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

Average Home Values

 

Median Home Value:
$181,327

Foley, AL HOME PRICES

Value Range
> $1,174,000 1.1
$881,001 - $1,174,000 0.4
$587,001 - $881,000 0.9
$470,001 - $587,000 0.2
$352,001 - $470,000 6.3
$235,001 - $352,000 18.8
$117,001 - $235,000 46.4
$59,001 - $117,000 15.1
$0 - $59,000 10.8

Very High for AL
High for Nation

Value Relative to Nation Value Relative to State
37.6889722254776 6.0

Number Of Homes And Apartments:
7,022

Foley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
35.98% 1.80% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,176 / per month

Homeownership Rate

Homeownership
Owners 65.20
Renters 34.80
Vacant 19.69

Housing Market Details

 

Age of Homes

AGE OF Foley HOMES
2000 or Newer 45.2
1970 - 1999 46.3
1940 - 1969 7.5
1939 or Older 1.0

Types of Homes

TYPE OF Foley HOMES
Single-Family 68.7
Townhomes 1.0
Small Apt. Buildings 8.9
Apt. Complexes 15.2
Mobile Homes 6.2
Other 0.0

Home Size

SIZE OF Foley HOMES
No Bedroom 0.51
1 Bedroom 7.61
2 Bedrooms 21.33
3 Bedrooms 55.32
4 Bedrooms 14.72
5 or more bedrooms 0.51