Saraland, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Saraland, AL Real Estate 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Saraland Housing Market Information

With a population of 13,906, 5,168 total housing units (homes and apartments), and a median house value of $121,908, house prices in Saraland are solidly below the national average.

Single-family detached homes are the single most common housing type in Saraland, accounting for 78.36% of the city's housing units. Other types of housing that are prevalent in Saraland include large apartment complexes or high rise apartments ( 14.53%), duplexes, homes converted to apartments or other small apartment buildings ( 3.49%), and a few mobile homes or trailers ( 3.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Saraland. Owner-occupied housing accounts for 72.01% of Saraland's homes, and 70.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Saraland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Saraland built between 1940-1969 ( 23.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.71%). There's also some housing in Saraland built before 1939 ( 1.35%).

Vacant housing appears to be an issue in Saraland. Fully 10.37% of the housing stock is classified as vacant. Left unchecked, vacant Saraland homes and apartments can be a drag on the real estate market, holding Saraland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Saraland Home Appreciation Rates

Real estate appreciation rates in Saraland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.52% during the period.

NeighborhoodScout's data show that during the latest twelve months, Saraland's appreciation rate, at 4.24%, has been at or slightly above the national average. In the latest quarter, Saraland's appreciation rate has been 1.80%, which annualizes to a rate of 7.38%.

Relative to Alabama, our data show that Saraland's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$121,908

Saraland, AL HOME PRICES

Value Range
> $1,101,000 0.3
$826,001 - $1,101,000 0.0
$551,001 - $826,000 0.4
$440,001 - $551,000 0.2
$330,001 - $440,000 3.4
$220,001 - $330,000 7.1
$110,001 - $220,000 53.3
$55,001 - $110,000 26.1
$0 - $55,000 9.1

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
65.5512617834768 35.5

Number Of Homes And Apartments:
5,168

Saraland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
31.03% 1.56% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,261 / per month

Homeownership Rate

Homeownership
Owners 72.01
Renters 27.99
Vacant 10.37

Housing Market Details

 

Age of Homes

AGE OF Saraland HOMES
2000 or Newer 18.7
1970 - 1999 56.7
1940 - 1969 23.2
1939 or Older 1.4

Types of Homes

TYPE OF Saraland HOMES
Single-Family 78.4
Townhomes 0.5
Small Apt. Buildings 3.5
Apt. Complexes 14.5
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Saraland HOMES
No Bedroom 0.45
1 Bedroom 8.86
2 Bedrooms 18.24
3 Bedrooms 58.60
4 Bedrooms 11.57
5 or more bedrooms 2.27