Theodore, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Theodore, 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 Q1 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

Theodore Housing Market Information

With a population of 6,179, 2,213 total housing units (homes and apartments), and a median house value of $106,658, 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 -1.80%, 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 0.63%, 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 -0.40%, which equates to an annual appreciation rate of -1.59%.

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

Average Home Values

 

Median Home Value:
$106,658

Theodore, AL HOME PRICES

Value Range
> $1,025,000 0.9
$769,001 - $1,025,000 0.0
$512,001 - $769,000 0.0
$410,001 - $512,000 0.0
$307,001 - $410,000 0.0
$205,001 - $307,000 1.1
$103,001 - $205,000 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
73.2684870502754 49.25

Number Of Homes And Apartments:
2,213

Theodore Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
17.77% 0.95% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,067 / 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

Zip Codes in Theodore, AL