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Alabama
Real Estate Appreciation & Housing Market Trends






Alabama Real Estate Market & Appreciation

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 Q2 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value

$210,062

Number Of Homes And Apartments:

1,902,983

Alabama Home Prices

> $1,413,525
$1,060,247 - $1,413,525
$706,699 - $1,060,246
$565,379 - $706,698
$424,075 - $565,378
$282,656 - $424,074
$141,392 - $282,655
$70,626 - $141,391
$0 - $70,625
0.8%
0.8%
1.0%
1.0%
3.1%
3.1%
3.7%
3.7%
8.2%
8.2%
17.7%
17.7%
33.8%
33.8%
19.8%
19.8%
11.9%
11.9%
0% 100.0%
% of Homes

Alabama Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,494 / per month

Homeownership Rate

Owners
Renters
Vacant
67.8%
67.8%
32.2%
32.2%
16.5%
16.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.3%
24.3%
47.9%
47.9%
22.9%
22.9%
4.9%
4.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.9%
68.9%
1.7%
1.7%
4.8%
4.8%
11.7%
11.7%
12.8%
12.8%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
6.1%
6.1%
22.2%
22.2%
49.1%
49.1%
17.1%
17.1%
3.9%
3.9%
0% 100.0%
% of Homes