Semmes, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Semmes Neighborhoods Since 2000




Semmes, AL Real Estate Data


Semmes Housing Market Information

With a population of 17,188, 3,086 total housing units (homes and apartments), and a median house value of $142,578, 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

Real estate appreciation rates in Semmes's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.56% during the period.

Appreciation rates are so strong in Semmes that despite a nationwide downturn in the housing market, Semmes real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Semmes appreciation rates continue to be some of the highest in America, at 7.05%, which is higher than appreciation rates in 80.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Semmes. Semmes appreciation rates in the latest quarter were at 1.33%, which equates to an annual appreciation rate of 5.42%.

Relative to Alabama, our data show that Semmes's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$142,578

Semmes, AL HOME PRICES

Value Range
> $1,099,000 0.0
$824,001 - $1,099,000 0.0
$550,001 - $824,000 0.3
$440,001 - $550,000 1.4
$330,001 - $440,000 4.2
$220,001 - $330,000 17.6
$110,001 - $220,000 48.6
$55,001 - $110,000 13.9
$0 - $55,000 14.0

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
53.2227821399273 20.25

Number Of Homes And Apartments:
3,086

Rent & Ownership

 

Average Market Rent:
$1,085 / 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

Semmes Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
29.95% 1.53% 6 3
* 10 is highest