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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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:
$156,346

Number Of Homes And Apartments:
1,867,893

Alabama Home Prices

> $1,177,408
0.7%
0.7%
$883,001 - $1,177,408
0.8%
0.8%
$588,605 - $883,000
2.3%
2.3%
$471,001 - $588,604
2.6%
2.6%
$353,235 - $471,000
6.5%
6.5%
$235,490 - $353,234
15.4%
15.4%
$117,758 - $235,489
34.4%
34.4%
$58,848 - $117,757
23.3%
23.3%
$0 - $58,847
14.0%
14.0%
0.0% 100.0%
% OF HOMES

Alabama Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q4 - 2021 Q1
1.69% 6.93%
4
Last 12 Months:
2020 Q1 - 2021 Q1
7.17% 7.17%
6
Last 2 Years:
2019 Q1 - 2021 Q1
13.02% 6.31%
7
Last 5 Years:
2016 Q1 - 2021 Q1
27.24% 4.94%
5
Last 10 Years:
2011 Q1 - 2021 Q1
31.75% 2.80%
3
Since 2000:
2000 Q1 - 2021 Q1
76.36% 2.74%
2
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,052 / per month

Homeownership Rate

Owners
67.1%
67.1%
Renters
32.9%
32.9%
Vacant
17.2%
17.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
22.0%
22.0%
1970 - 1999
49.0%
49.0%
1940 - 1969
23.8%
23.8%
1939 or Older
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.6%
68.6%
Townhomes
1.6%
1.6%
Small Apt. Buildings
4.9%
4.9%
Apt. Complexes
11.5%
11.5%
Mobile Homes
13.2%
13.2%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.4%
1.4%
1 Bedroom
6.1%
6.1%
2 Bedrooms
22.9%
22.9%
3 Bedrooms
49.8%
49.8%
4 Bedrooms
16.3%
16.3%
5 or more bedrooms
3.5%
3.5%
0.0% 100.0%
% OF HOMES