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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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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

$227,859

Number Of Homes And Apartments:

1,933,150

Alabama Home Prices

> $1,339,201
$1,004,460 - $1,339,201
$669,589 - $1,004,459
$535,767 - $669,588
$401,804 - $535,766
$267,736 - $401,803
$134,001 - $267,735
$66,966 - $134,000
$0 - $66,965
1.1%
1.1%
1.4%
1.4%
4.3%
4.3%
5.1%
5.1%
9.9%
9.9%
20.1%
20.1%
31.2%
31.2%
16.4%
16.4%
10.5%
10.5%
0% 100.0%
% of Homes

Alabama Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,498 / per month

Homeownership Rate

Owners
Renters
67.9%
67.9%
32.1%
32.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.8%
15.8%
84.2%
84.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.7%
25.7%
47.0%
47.0%
22.4%
22.4%
4.8%
4.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.0%
69.0%
1.8%
1.8%
4.8%
4.8%
11.7%
11.7%
12.6%
12.6%
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
1.5%
1.5%
6.2%
6.2%
22.0%
22.0%
48.8%
48.8%
17.5%
17.5%
4.1%
4.1%
0% 100.0%
% of Homes