Alabama
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Top Ten Highest Appreciating AL Cities Since 2000




Alabama Real Estate Values & Housing Market 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 Q3 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

Average Home Values

Median Home Value:
$127,151

Number Of Homes And Apartments:
1,848,325

Alabama Home Prices

Value Range
> $1,078,000 0.6
$808,001 - $1,078,000 0.6
$539,001 - $808,000 1.8
$431,001 - $539,000 2.0
$323,001 - $431,000 5.4
$216,001 - $323,000 13.8
$108,001 - $216,000 34.5
$54,001 - $108,000 25.0
$0 - $54,000 16.2

Alabama Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q2 - 2017 Q3
0.82% 3.31% 2
Last 12 Months:
2016 Q3 - 2017 Q3
2.94% 2.94% 2
Last 2 Years:
2015 Q3 - 2017 Q3
7.17% 3.52% 3
Last 5 Years:
2012 Q3 - 2017 Q3
11.67% 2.23% 2
Last 10 Years:
2007 Q3 - 2017 Q3
2.99% 0.29% 3
Since 2000:
2000 Q1 - 2017 Q3
48.39% 2.28% 2
* 10 is highest

Rent & Homeownership

Average Market Rent:
$953 / per month

Homeownership Rate

Homeownership
Owners 67.00
Renters 33.00
Vacant 15.96

Housing Details

Age of Homes

AGE OF Alabama HOMES
2000 or Newer 19.0
1970 - 1999 50.3
1940 - 1969 25.1
1939 or Older 5.6

Types of Homes

TYPE OF Alabama HOMES
Single-Family 68.6
Townhomes 1.6
Small Apt. Buildings 5.0
Apt. Complexes 11.2
Mobile Homes 13.5
Other 0.1

Home Size

SIZE OF Alabama HOMES
No Bedroom 1.20
1 Bedroom 6.10
2 Bedrooms 23.92
3 Bedrooms 49.94
4 Bedrooms 15.50
5 or more bedrooms 3.33