Gurley, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gurley, 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 Q2 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

Gurley Housing Market Information

With a population of 788, 288 total housing units (homes and apartments), and a median house value of $133,073, 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.

Gurley Home Appreciation Rates

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 2.36%, 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 3.87%, has been at or slightly above the national average. In the latest quarter, Gurley's appreciation rate has been 1.17%, which annualizes to a rate of 4.75%.

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

Average Home Values

 

Median Home Value:
$133,073

Gurley, AL HOME PRICES

Value Range
> $1,105,000 7.9
$829,001 - $1,105,000 0.0
$552,001 - $829,000 2.1
$442,001 - $552,000 3.7
$331,001 - $442,000 6.7
$221,001 - $331,000 7.6
$111,001 - $221,000 29.1
$55,001 - $111,000 34.8
$0 - $55,000 8.2

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
59.5995081679255 27.25

Number Of Homes And Apartments:
288

Gurley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q2
25.47% 1.31% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$730 / per month

Homeownership Rate

Homeownership
Owners 59.03
Renters 40.97
Vacant 21.95

Housing Market Details

 

Age of Homes

AGE OF Gurley HOMES
2000 or Newer 5.1
1970 - 1999 40.7
1940 - 1969 36.0
1939 or Older 18.2

Types of Homes

TYPE OF Gurley HOMES
Single-Family 80.8
Townhomes 0.5
Small Apt. Buildings 9.5
Apt. Complexes 4.6
Mobile Homes 4.1
Other 0.5

Home Size

SIZE OF Gurley HOMES
No Bedroom 0.00
1 Bedroom 2.17
2 Bedrooms 25.20
3 Bedrooms 61.25
4 Bedrooms 10.84
5 or more bedrooms 0.54

Popular Neighborhoods in Gurley

Zip Codes in Gurley, AL