Thomasville, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Thomasville, 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 Q2 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

Thomasville Housing Market Information

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.

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 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.

Average Home Values

 

Median Home Value:
$120,691

Thomasville, AL HOME PRICES

Value Range
> $1,076,000 0.0
$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

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
66.3739094794777 37.75

Number Of Homes And Apartments:
1,845

Thomasville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q2
43.50% 2.09% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$650 / 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

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Zip Codes in Thomasville, AL