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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 4,051 people, 1,845 houses or apartments, and a median cost of homes of $120,691, 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.
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 8.06%, which ranks in the top 40% nationwide. This equates to an annual average Thomasville house appreciation rate of 0.78%.
Over the last year, Thomasville appreciation rates have trailed the rest of the nation. In the last twelve months, Thomasville's appreciation rate has been 1.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Thomasville were at -0.55%, which equates to an annual appreciation rate of -2.17%.
Notably, Thomasville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Thomasville's latest annual appreciation rate is lower than 60% of the other cities and towns in Alabama.
|$807,001 - $1,076,000||0.0|
|$538,001 - $807,000||0.0|
|$430,001 - $538,000||1.4|
|$322,001 - $430,000||2.8|
|$215,001 - $322,000||16.3|
|$108,001 - $215,000||30.7|
|$54,001 - $108,000||20.3|
|$0 - $54,000||28.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Thomasville HOMES|
|2000 or Newer||12.8|
|1970 - 1999||47.6|
|1940 - 1969||30.9|
|1939 or Older||8.7|
|TYPE OF Thomasville HOMES|
|Small Apt. Buildings||5.4|
|SIZE OF Thomasville HOMES|
|5 or more bedrooms||1.92|