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 788, 288 total housing units (homes and apartments), and a median house value of $132,186, house prices in Gurley are solidly below the national average.
Single-family detached homes are the single most common housing type in Gurley, accounting for 80.76% of the town's housing units. Other types of housing that are prevalent in Gurley include duplexes, homes converted to apartments or other small apartment buildings ( 9.49%), large apartment complexes or high rise apartments ( 4.61%), and a few mobile homes or trailers ( 4.07%).
The most prevalent building size and type in Gurley are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.03% owning and 40.97% renting.
There is a lot of housing in Gurley 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 Gurley built between 1940-1969 ( 36.04%). A lesser amount of the housing stock also hails from before 1939 ( 18.16%). There's also some housing in Gurley built between 2000 and later ( 5.15%).
Vacant housing appears to be an issue in Gurley. Fully 21.95% of the housing stock is classified as vacant. Left unchecked, vacant Gurley homes and apartments can be a drag on the real estate market, holding Gurley 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.
Appreciation rates for homes in Gurley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.28%, which ranks in the top 50% nationwide. This equates to an annual average Gurley house appreciation rate of 0.23%.
NeighborhoodScout's data show that during the latest twelve months, Gurley's appreciation rate, at 5.21%, has been at or slightly above the national average. In the latest quarter, Gurley's appreciation rate has been 1.95%, which annualizes to a rate of 8.03%.
Importantly, this makes Gurley one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Alabama, our data show that Gurley's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.
|$823,001 - $1,097,000||0.0|
|$549,001 - $823,000||2.1|
|$439,001 - $549,000||3.7|
|$329,001 - $439,000||6.7|
|$220,001 - $329,000||7.6|
|$110,001 - $220,000||29.1|
|$55,001 - $110,000||34.8|
|$0 - $55,000||8.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Gurley HOMES|
|2000 or Newer||5.1|
|1970 - 1999||40.7|
|1940 - 1969||36.0|
|1939 or Older||18.2|
|TYPE OF Gurley HOMES|
|Small Apt. Buildings||9.5|
|SIZE OF Gurley HOMES|
|5 or more bedrooms||0.54|