Semmes, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Semmes Neighborhoods Since 2000




Semmes, 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

Semmes Housing Market Information

With 17,188 people, 3,086 houses or apartments, and a median cost of homes of $144,159, Semmes real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Semmes, accounting for 79.41% of the town's housing units. Other types of housing that are prevalent in Semmes include mobile homes or trailers ( 18.46%), duplexes, homes converted to apartments or other small apartment buildings ( 1.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Semmes. Owner-occupied housing accounts for 84.11% of Semmes's homes, and 87.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Semmes 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 Semmes built between 2000 and later ( 30.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.37%).

Semmes Home Appreciation Rates

Semmes's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Semmes during the period has been just -0.72%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Semmes's appreciation rate, at 4.53%, has been at or slightly above the national average. In the latest quarter, Semmes's appreciation rate has been 1.80%, which annualizes to a rate of 7.38%.

Relative to Alabama, our data show that Semmes's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$144,159

Semmes, AL HOME PRICES

Value Range
> $1,111,000 0.1
$833,001 - $1,111,000 0.0
$556,001 - $833,000 0.3
$444,001 - $556,000 1.4
$333,001 - $444,000 4.2
$222,001 - $333,000 17.6
$111,001 - $222,000 48.6
$55,001 - $111,000 13.9
$0 - $55,000 14.0

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
54.1366590549798 20.25

Number Of Homes And Apartments:
3,086

Semmes 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
30.82% 1.55% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,160 / per month

Homeownership Rate

Homeownership
Owners 84.11
Renters 15.89
Vacant 9.54

Housing Market Details

 

Age of Homes

AGE OF Semmes HOMES
2000 or Newer 30.8
1970 - 1999 63.7
1940 - 1969 5.4
1939 or Older 0.1

Types of Homes

TYPE OF Semmes HOMES
Single-Family 79.4
Townhomes 0.8
Small Apt. Buildings 1.1
Apt. Complexes 0.3
Mobile Homes 18.5
Other 0.0

Home Size

SIZE OF Semmes HOMES
No Bedroom 0.00
1 Bedroom 1.00
2 Bedrooms 9.20
3 Bedrooms 69.26
4 Bedrooms 17.77
5 or more bedrooms 2.78