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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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:
$189,589

Number Of Homes And Apartments:
1,888,504

Alabama Home Prices

> $1,308,539
$981,362 - $1,308,539
$654,131 - $981,361
$523,442 - $654,130
$392,598 - $523,441
$261,851 - $392,597
$130,943 - $261,850
$65,418 - $130,942
$0 - $65,417
0.8%
0.8%
0.9%
0.9%
2.6%
2.6%
3.2%
3.2%
7.5%
7.5%
17.1%
17.1%
34.7%
34.7%
20.8%
20.8%
12.3%
12.3%
0.0% 100.0%
% OF HOMES

Alabama Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q4 - 2022 Q1
2.83% 11.80%
5
Last 12 Months:
2021 Q1 - 2022 Q1
18.25% 18.25%
6
Last 2 Years:
2020 Q1 - 2022 Q1
27.35% 12.85%
6
Last 5 Years:
2017 Q1 - 2022 Q1
45.75% 7.83%
6
Last 10 Years:
2012 Q1 - 2022 Q1
56.85% 4.60%
3
Since 2000:
2000 Q1 - 2022 Q1
108.17% 3.39%
3
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,220 / per month

Homeownership Rate

Owners
Renters
Vacant
67.5%
67.5%
32.5%
32.5%
16.8%
16.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.7%
22.7%
48.8%
48.8%
23.4%
23.4%
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.7%
68.7%
1.6%
1.6%
4.9%
4.9%
11.6%
11.6%
13.0%
13.0%
0.1%
0.1%
0.0% 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%
22.4%
22.4%
49.4%
49.4%
16.8%
16.8%
3.8%
3.8%
0.0% 100.0%
% OF HOMES