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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.



Phenix City, 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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Phenix City, AL Housing Market Trends

With a population of 38,267, 15,409 total housing units (homes and apartments), and a median house value of $192,115, house prices in Phenix City are solidly below the national average.

Single-family detached homes are the single most common housing type in Phenix City, accounting for 68.91% of the city's housing units. Other types of housing that are prevalent in Phenix City include large apartment complexes or high rise apartments ( 17.92%), duplexes, homes converted to apartments or other small apartment buildings ( 10.91%), and a few mobile homes or trailers ( 1.33%).

The most prevalent building size and type in Phenix City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.42% owning and 48.58% renting.

There is a lot of housing in Phenix City 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 Phenix City built between 2000 and later ( 28.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.88%). There's also some housing in Phenix City built before 1939 ( 5.28%).

Vacant housing appears to be an issue in Phenix City. Fully 14.34% of the housing stock is classified as vacant. Left unchecked, vacant Phenix City homes and apartments can be a drag on the real estate market, holding Phenix City 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.

Phenix City Home Appreciation Rates

Phenix City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Phenix City during the period has been just 5.13%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Phenix City's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Phenix City's appreciation rate has been 1.80%, which annualizes to a rate of 7.41%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Phenix City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Phenix City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Phenix City real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$192,115

Phenix City, AL Home Prices
> $1,447,000
$1,086,001 - $1,447,000
$724,001 - $1,086,000
$579,001 - $724,000
$434,001 - $579,000
$290,001 - $434,000
$145,001 - $290,000
$73,001 - $145,000
$0 - $73,000
0.8%
0.8%
0.5%
0.5%
1.3%
1.3%
2.5%
2.5%
3.9%
3.9%
13.9%
13.9%
43.6%
43.6%
24.0%
24.0%
9.3%
9.3%
0% 100.0%
% of Homes
Average

for Alabama

Low

for nation

Number of Homes And Apartments:

15,409

Phenix City Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,516 / per month

Homeownership Rate

Owners
Renters
Vacant
51.4%
51.4%
48.6%
48.6%
14.3%
14.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
28.7%
28.7%
39.1%
39.1%
26.9%
26.9%
5.3%
5.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.9%
68.9%
0.9%
0.9%
10.9%
10.9%
17.9%
17.9%
1.3%
1.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.9%
2.9%
7.3%
7.3%
27.0%
27.0%
47.4%
47.4%
10.9%
10.9%
4.5%
4.5%
0% 100.0%
% of Homes