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 11,131, 4,667 total housing units (homes and apartments), and a median house value of $259,644, Gulf Shores real estate is some of the most expensive in Alabama, although Gulf Shores home values aren't among America's most expensive.
Large apartment complexes or high rise apartments are the single most common housing type in Gulf Shores, accounting for 50.38% of the city's housing units. Other types of housing that are prevalent in Gulf Shores include single-family detached homes ( 34.85%), duplexes, homes converted to apartments or other small apartment buildings ( 10.04%), and a few row houses and other attached homes ( 2.38%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Gulf Shores primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Gulf Shores has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Gulf Shores 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 Gulf Shores built between 2000 and later ( 40.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.29%). There's also some housing in Gulf Shores built before 1939 ( 1.54%).
Vacant housing appears to be an issue in Gulf Shores. Fully 60.39% of the housing stock is classified as vacant. Left unchecked, vacant Gulf Shores homes and apartments can be a drag on the real estate market, holding Gulf Shores 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.
Homes have actually lost value in Gulf Shores over the last then years, as home values have seen a decline of 17.75% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Gulf Shores home appreciation rates at 4.08%, which equates to an annual appreciation rate of 17.35%.
NeighborhoodScout's data show that during the latest twelve months, Gulf Shores's appreciation rate, at 6.09%, has been at or slightly above the national average. In the latest quarter, Gulf Shores's appreciation rate has been 4.08%, which annualizes to a rate of 17.35%.
Importantly, this makes Gulf Shores 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 Gulf Shores's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.
|$949,001 - $1,266,000||4.4|
|$633,001 - $949,000||4.9|
|$506,001 - $633,000||5.8|
|$380,001 - $506,000||14.3|
|$253,001 - $380,000||21.6|
|$126,001 - $253,000||37.7|
|$63,001 - $126,000||5.9|
|$0 - $63,000||4.9|
|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 Gulf Shores HOMES|
|2000 or Newer||40.8|
|1970 - 1999||52.4|
|1940 - 1969||5.3|
|1939 or Older||1.5|
|TYPE OF Gulf Shores HOMES|
|Small Apt. Buildings||10.0|
|SIZE OF Gulf Shores HOMES|
|5 or more bedrooms||2.71|