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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$136,574

Number Of Homes And Apartments:
1,856,695

Alabama Home Prices

Value Range
> $1,108,285 0.7
$831,079 - $1,108,285 0.7
$554,069 - $831,078 1.9
$443,399 - $554,068 2.2
$332,611 - $443,398 5.8
$221,700 - $332,610 14.4
$110,786 - $221,699 34.6
$55,416 - $110,785 24.3
$0 - $55,415 15.4

Alabama Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q4 - 2019 Q1
1.80% 7.41%
10
Last 12 Months:
2018 Q1 - 2019 Q1
6.00% 6.00%
8
Last 2 Years:
2017 Q1 - 2019 Q1
10.15% 4.95%
5
Last 5 Years:
2014 Q1 - 2019 Q1
19.94% 3.70%
4
Last 10 Years:
2009 Q1 - 2019 Q1
8.25% 0.80%
2
Since 2000:
2000 Q1 - 2019 Q1
58.42% 2.45%
2
* 10 is highest

Rent & Homeownership

Average Market Rent:
$981 / per month

Homeownership Rate

Homeownership
Owners 66.89
Renters 33.11
Vacant 16.78

Housing Details

Age of Homes

AGE OF Alabama HOMES
2000 or Newer 20.5
1970 - 1999 49.8
1940 - 1969 24.4
1939 or Older 5.3

Types of Homes

TYPE OF Alabama HOMES
Single-Family 68.6
Townhomes 1.5
Small Apt. Buildings 5.0
Apt. Complexes 11.4
Mobile Homes 13.4
Other 0.1

Home Size

SIZE OF Alabama HOMES
No Bedroom 1.24
1 Bedroom 5.95
2 Bedrooms 23.62
3 Bedrooms 49.93
4 Bedrooms 15.84
5 or more bedrooms 3.42