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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$134,168

Number Of Homes And Apartments:
1,855,417

Alabama Home Prices

Value Range
> $1,114,958 0.6
$836,355 - $1,114,958 0.6
$557,744 - $836,354 1.8
$446,283 - $557,743 2.1
$334,516 - $446,282 5.6
$223,078 - $334,515 14.1
$111,523 - $223,077 34.5
$55,738 - $111,522 24.7
$0 - $55,737 15.9

Alabama Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q2 - 2018 Q3
1.63% 6.67%
6
Last 12 Months:
2017 Q3 - 2018 Q3
5.34% 5.34%
5
Last 2 Years:
2016 Q3 - 2018 Q3
8.43% 4.13%
4
Last 5 Years:
2013 Q3 - 2018 Q3
18.22% 3.40%
3
Last 10 Years:
2008 Q3 - 2018 Q3
7.76% 0.75%
2
Since 2000:
2000 Q1 - 2018 Q3
55.73% 2.42%
2
* 10 is highest

Rent & Homeownership

Average Market Rent:
$980 / per month

Homeownership Rate

Homeownership
Owners 66.82
Renters 33.18
Vacant 16.22

Housing Details

Age of Homes

AGE OF Alabama HOMES
2000 or Newer 19.7
1970 - 1999 50.1
1940 - 1969 24.8
1939 or Older 5.5

Types of Homes

TYPE OF Alabama HOMES
Single-Family 68.6
Townhomes 1.6
Small Apt. Buildings 5.0
Apt. Complexes 11.3
Mobile Homes 13.4
Other 0.1

Home Size

SIZE OF Alabama HOMES
No Bedroom 1.19
1 Bedroom 6.08
2 Bedrooms 23.76
3 Bedrooms 49.92
4 Bedrooms 15.69
5 or more bedrooms 3.35