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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Henagar, AL Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Henagar, AL Housing Market Trends

With 2,295 people, 855 houses or apartments, and a median cost of homes of $161,544, house prices in Henagar are solidly below the national average.

Single-family detached homes are the single most common housing type in Henagar, accounting for 74.92% of the city's housing units. Other types of housing that are prevalent in Henagar include mobile homes or trailers ( 20.93%), duplexes, homes converted to apartments or other small apartment buildings ( 2.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Henagar. Owner-occupied housing accounts for 73.57% of Henagar's homes, and 69.26% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Henagar 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 Henagar built between 1940-1969 ( 27.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.00%). There's also some housing in Henagar built before 1939 ( 6.77%).

Vacant housing appears to be an issue in Henagar. Fully 13.55% of the housing stock is classified as vacant. Left unchecked, vacant Henagar homes and apartments can be a drag on the real estate market, holding Henagar 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.

Henagar Home Appreciation Rates

Real estate appreciation rates in Henagar's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.91% during the period.

NeighborhoodScout's data show that during the latest twelve months, Henagar's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Henagar's appreciation rate has been 1.28%, which annualizes to a rate of 5.24%.

Relative to Alabama, our data show that Henagar's latest annual appreciation rate is lower than 50% of the other cities and towns in Alabama.

Average Home Values

Median Home Value

$161,544

Henagar, AL Home Prices
> $1,332,000
$999,001 - $1,332,000
$666,001 - $999,000
$533,001 - $666,000
$400,001 - $533,000
$267,001 - $400,000
$133,001 - $267,000
$67,001 - $133,000
$0 - $67,000
1.8%
1.8%
0.0%
0.0%
0.4%
0.4%
3.4%
3.4%
0.8%
0.8%
20.4%
20.4%
35.0%
35.0%
20.3%
20.3%
17.9%
17.9%
0% 100.0%
% of Homes
Low

for Alabama

Very Low

for nation

Number of Homes And Apartments:

855

Henagar Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,224 / per month

Homeownership Rate

Owners
Renters
73.6%
73.6%
26.4%
26.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.5%
13.5%
86.5%
86.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.0%
9.0%
56.7%
56.7%
27.5%
27.5%
6.8%
6.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.9%
74.9%
0.5%
0.5%
2.9%
2.9%
0.0%
0.0%
20.9%
20.9%
0.7%
0.7%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
4.9%
4.9%
20.3%
20.3%
52.8%
52.8%
16.5%
16.5%
4.4%
4.4%
0% 100.0%
% of Homes