Guntersville, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Guntersville, AL Real Estate Data


Guntersville Housing Market Information

With a population of 8,385, 3,196 total housing units (homes and apartments), and a median house value of $138,096, house prices in Guntersville are solidly below the national average.

Single-family detached homes are the single most common housing type in Guntersville, accounting for 76.98% of the city's housing units. Other types of housing that are prevalent in Guntersville include large apartment complexes or high rise apartments ( 9.94%), duplexes, homes converted to apartments or other small apartment buildings ( 9.91%), and a few mobile homes or trailers ( 1.64%).

The most prevalent building size and type in Guntersville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.14% owning and 38.86% renting.

There is a lot of housing in Guntersville 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 Guntersville built between 1940-1969 ( 34.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.13%). There's also some housing in Guntersville built before 1939 ( 6.44%).

Vacant housing appears to be an issue in Guntersville. Fully 18.34% of the housing stock is classified as vacant. Left unchecked, vacant Guntersville homes and apartments can be a drag on the real estate market, holding Guntersville 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.

Guntersville Home Appreciation Rates

Real estate appreciation rates in Guntersville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.13% during the period.

Over the last year, Guntersville appreciation rates have trailed the rest of the nation. In the last twelve months, Guntersville's appreciation rate has been 1.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Guntersville were at -0.25%, which equates to an annual appreciation rate of -1.00%.

Relative to Alabama, our data show that Guntersville's latest annual appreciation rate is lower than 60% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$138,096

Guntersville, AL HOME PRICES

Value Range
> $1,038,000 0.8
$779,001 - $1,038,000 0.2
$519,001 - $779,000 2.3
$416,001 - $519,000 4.7
$311,001 - $416,000 6.3
$208,001 - $311,000 16.7
$104,001 - $208,000 30.3
$52,001 - $104,000 18.7
$0 - $52,000 19.9

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
55.4435720145318 22.5

Number Of Homes And Apartments:
3,196

Rent & Ownership

 

Average Market Rent:
$861 / per month

Homeownership Rate

Homeownership
Owners 61.14
Renters 38.86
Vacant 18.34

Housing Market Details

 

Age of Homes

AGE OF Guntersville HOMES
2000 or Newer 13.1
1970 - 1999 46.2
1940 - 1969 34.2
1939 or Older 6.4

Types of Homes

TYPE OF Guntersville HOMES
Single-Family 77.0
Townhomes 1.5
Small Apt. Buildings 9.9
Apt. Complexes 9.9
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Guntersville HOMES
No Bedroom 1.10
1 Bedroom 6.59
2 Bedrooms 28.39
3 Bedrooms 45.04
4 Bedrooms 15.25
5 or more bedrooms 3.63

Guntersville 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
18.45% 0.99% 2 2
* 10 is highest

Popular Neighborhoods in Guntersville

Zip Codes in Guntersville, AL