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 Q2 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:
$132,517

Number Of Homes And Apartments:
1,851,061

Alabama Home Prices

Value Range
> $1,100,847 0.6
$825,474 - $1,100,847 0.6
$550,425 - $825,473 1.8
$440,184 - $550,424 2.1
$330,176 - $440,183 5.6
$220,136 - $330,175 14.1
$110,001 - $220,135 34.5
$55,001 - $110,000 24.7
$0 - $55,000 15.9

Alabama Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
2.30% 9.53%
6
Last 12 Months:
2017 Q2 - 2018 Q2
4.66% 4.66%
4
Last 2 Years:
2016 Q2 - 2018 Q2
8.51% 4.17%
4
Last 5 Years:
2013 Q2 - 2018 Q2
16.07% 3.03%
2
Last 10 Years:
2008 Q2 - 2018 Q2
5.27% 0.51%
2
Since 2000:
2000 Q1 - 2018 Q2
53.28% 2.37%
2
* 10 is highest


Rent & Homeownership

Average Market Rent:
$964 / 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