Theodore, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Theodore Neighborhoods Since 2000




Theodore, AL Real Estate Data


Theodore Housing Market Information

With 6,179 people, 2,213 houses or apartments, and a median cost of homes of $107,347, house prices in Theodore are solidly below the national average.

Single-family detached homes are the single most common housing type in Theodore, accounting for 76.60% of the town's housing units. Other types of housing that are prevalent in Theodore include mobile homes or trailers ( 19.74%), large apartment complexes or high rise apartments ( 3.30%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Theodore. Owner-occupied housing accounts for 78.99% of Theodore's homes, and 81.64% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Theodore 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 Theodore built between 2000 and later ( 23.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.75%). There's also some housing in Theodore built before 1939 ( 1.14%).

Theodore Home Appreciation Rates

Theodore's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Theodore during the period has been just -1.71%, which is lower than 80% of US communities.

Over the last year, Theodore appreciation rates have trailed the rest of the nation. In the last twelve months, Theodore's appreciation rate has been -0.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Theodore were at -0.80%, which equates to an annual appreciation rate of -3.15%.

Notably, Theodore's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$107,347

Theodore, AL HOME PRICES

Value Range
> $1,030,000 0.9
$772,001 - $1,030,000 0.0
$515,001 - $772,000 0.0
$412,001 - $515,000 0.0
$309,001 - $412,000 0.0
$206,001 - $309,000 1.1
$103,001 - $206,000 52.7
$51,001 - $103,000 27.8
$0 - $51,000 17.5

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
72.8143677487402 48.75

Number Of Homes And Apartments:
2,213

Rent & Ownership

 

Average Market Rent:
$1,017 / per month

Homeownership Rate

Homeownership
Owners 78.99
Renters 21.01
Vacant 9.93

Housing Market Details

 

Age of Homes

AGE OF Theodore HOMES
2000 or Newer 24.0
1970 - 1999 59.1
1940 - 1969 15.8
1939 or Older 1.1

Types of Homes

TYPE OF Theodore HOMES
Single-Family 76.6
Townhomes 0.0
Small Apt. Buildings 0.4
Apt. Complexes 3.3
Mobile Homes 19.7
Other 0.0

Home Size

SIZE OF Theodore HOMES
No Bedroom 0.00
1 Bedroom 1.55
2 Bedrooms 16.81
3 Bedrooms 68.58
4 Bedrooms 13.06
5 or more bedrooms 0.00

Theodore 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
18.71% 1.00% 2 2
* 10 is highest

Zip Codes in Theodore, AL