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 Q1 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:
$131,499

Number Of Homes And Apartments:
1,851,061

Alabama Home Prices

Value Range
> $1,090,792 0.6
$818,027 - $1,090,792 0.6
$545,336 - $818,026 1.8
$436,335 - $545,335 2.1
$327,263 - $436,334 5.6
$218,154 - $327,262 14.1
$109,059 - $218,153 34.5
$54,547 - $109,058 24.7
$0 - $54,546 15.9

Alabama Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q4 - 2018 Q1
0.26% 1.03%
2
Last 12 Months:
2017 Q1 - 2018 Q1
3.79% 3.79%
3
Last 2 Years:
2016 Q1 - 2018 Q1
7.23% 3.55%
3
Last 5 Years:
2013 Q1 - 2018 Q1
13.61% 2.59%
2
Last 10 Years:
2008 Q1 - 2018 Q1
2.38% 0.24%
3
Since 2000:
2000 Q1 - 2018 Q1
49.70% 2.27%
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