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 Q4 2017. 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:
$129,975

Number Of Homes And Apartments:
1,851,061

Alabama Home Prices

Value Range
> $1,076,000 0.4
$807,001 - $1,076,000 0.7
$538,001 - $807,000 2.0
$430,001 - $538,000 2.3
$323,001 - $430,000 6.1
$215,001 - $323,000 15.2
$108,001 - $215,000 34.7
$54,001 - $108,000 22.9
$0 - $54,000 15.5

Alabama Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q3 - 2017 Q4
0.82%
3.34%
6
Last 12 Months:
2016 Q4 - 2017 Q4
4.09%
4.09%
3
Last 2 Years:
2015 Q4 - 2017 Q4
7.61%
3.74%
3
Last 5 Years:
2012 Q4 - 2017 Q4
12.38%
2.36%
2
Last 10 Years:
2007 Q4 - 2017 Q4
3.01%
0.30%
3
Since 2000:
2000 Q1 - 2017 Q4
49.64%
2.30%
2
* 10 is highest

Rent & Homeownership

Average Market Rent:
$943 / 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