Thomasville, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Thomasville, AL Real Estate Data


Thomasville Housing Market Information

With a population of 4,051, 1,845 total housing units (homes and apartments), and a median house value of $120,730, house prices in Thomasville are solidly below the national average.

Single-family detached homes are the single most common housing type in Thomasville, accounting for 68.85% of the city's housing units. Other types of housing that are prevalent in Thomasville include large apartment complexes or high rise apartments ( 13.33%), mobile homes or trailers ( 12.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.38%).

The most prevalent building size and type in Thomasville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.90% owning and 45.10% renting.

There is a lot of housing in Thomasville 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 Thomasville built between 1940-1969 ( 30.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.82%). There's also some housing in Thomasville built before 1939 ( 8.75%).

Vacant housing appears to be an issue in Thomasville. Fully 13.70% of the housing stock is classified as vacant. Left unchecked, vacant Thomasville homes and apartments can be a drag on the real estate market, holding Thomasville 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.

Thomasville Home Appreciation Rates

Appreciation rates for homes in Thomasville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.94%, which ranks in the top 30% nationwide. This equates to an annual average Thomasville house appreciation rate of 1.22%.

NeighborhoodScout's data show that during the latest twelve months, Thomasville's appreciation rate, at 3.72%, has been at or slightly above the national average. In the latest quarter, Thomasville's appreciation rate has been 0.22%, which annualizes to a rate of 0.88%.

Relative to Alabama, our data show that Thomasville's latest annual appreciation rate is higher than 50% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$120,730

Thomasville, AL HOME PRICES

Value Range
> $1,075,000 0.0
$806,001 - $1,075,000 0.0
$537,001 - $806,000 0.0
$430,001 - $537,000 1.4
$323,001 - $430,000 2.8
$215,001 - $323,000 16.3
$107,001 - $215,000 30.7
$54,001 - $107,000 20.3
$0 - $54,000 28.4

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
64.7896402203211 36.0

Number Of Homes And Apartments:
1,845

Rent & Ownership

 

Average Market Rent:
$632 / per month

Homeownership Rate

Homeownership
Owners 54.90
Renters 45.10
Vacant 13.70

Housing Market Details

 

Age of Homes

AGE OF Thomasville HOMES
2000 or Newer 12.8
1970 - 1999 47.6
1940 - 1969 30.9
1939 or Older 8.7

Types of Homes

TYPE OF Thomasville HOMES
Single-Family 68.8
Townhomes 0.0
Small Apt. Buildings 5.4
Apt. Complexes 13.3
Mobile Homes 12.4
Other 0.0

Home Size

SIZE OF Thomasville HOMES
No Bedroom 0.00
1 Bedroom 10.76
2 Bedrooms 14.59
3 Bedrooms 59.35
4 Bedrooms 13.38
5 or more bedrooms 1.92

Thomasville 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
43.53% 2.12% 9 5
* 10 is highest

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