Alabama
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$144,031

Number Of Homes And Apartments:
1,860,269

Alabama Home Prices

Value Range
> $1,132,527 0.7
$849,615 - $1,132,527 0.7
$566,264 - $849,614 2.1
$453,082 - $566,263 2.4
$339,836 - $453,081 6.1
$226,501 - $339,835 14.9
$113,197 - $226,500 34.4
$56,693 - $113,196 23.9
$0 - $56,692 14.8

Alabama Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q3 - 2019 Q4
1.11% 4.51%
8
Last 12 Months:
2018 Q4 - 2019 Q4
6.31% 6.31%
9
Last 2 Years:
2017 Q4 - 2019 Q4
11.38% 5.54%
6
Last 5 Years:
2014 Q4 - 2019 Q4
22.37% 4.12%
4
Last 10 Years:
2009 Q4 - 2019 Q4
17.04% 1.59%
2
Since 2000:
2000 Q1 - 2019 Q4
64.74% 2.56%
2
* 10 is highest

Rent & Homeownership

Average Market Rent:
$985 / per month

Homeownership Rate

Homeownership
Owners 66.88
Renters 33.12
Vacant 17.12

Housing Details

Age of Homes

AGE OF Alabama HOMES
2000 or Newer 21.3
1970 - 1999 49.3
1940 - 1969 24.1
1939 or Older 5.2

Types of Homes

TYPE OF Alabama HOMES
Single-Family 68.6
Townhomes 1.5
Small Apt. Buildings 5.0
Apt. Complexes 11.5
Mobile Homes 13.3
Other 0.1

Home Size

SIZE OF Alabama HOMES
No Bedroom 1.34
1 Bedroom 6.02
2 Bedrooms 23.34
3 Bedrooms 49.79
4 Bedrooms 16.03
5 or more bedrooms 3.48