Tuscaloosa, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Tuscaloosa Neighborhoods Since 2000




Tuscaloosa, 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

Tuscaloosa Housing Market Information

With 98,332 people, 32,468 houses or apartments, and a median cost of homes of $169,878, Tuscaloosa real estate is some of the most expensive in Alabama, although Tuscaloosa home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Tuscaloosa, accounting for 48.72% of the city's housing units. Other types of housing that are prevalent in Tuscaloosa include large apartment complexes or high rise apartments ( 37.49%), duplexes, homes converted to apartments or other small apartment buildings ( 10.24%), and a few row houses and other attached homes ( 1.85%).

People in Tuscaloosa primarily live in small (one, two or no bedroom) single-family detached homes. Tuscaloosa has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Tuscaloosa 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 Tuscaloosa built between 2000 and later ( 29.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.08%). There's also some housing in Tuscaloosa built before 1939 ( 3.78%).

Vacant housing appears to be an issue in Tuscaloosa. Fully 28.07% of the housing stock is classified as vacant. Left unchecked, vacant Tuscaloosa homes and apartments can be a drag on the real estate market, holding Tuscaloosa 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.

Tuscaloosa Home Appreciation Rates

Appreciation rates for homes in Tuscaloosa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.26%, which ranks in the top 30% nationwide. This equates to an annual average Tuscaloosa house appreciation rate of 1.16%.

Over the last year, Tuscaloosa appreciation rates have trailed the rest of the nation. In the last twelve months, Tuscaloosa's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tuscaloosa were at 2.51%, which equates to an annual appreciation rate of 10.41%.

Relative to Alabama, our data show that Tuscaloosa's latest annual appreciation rate is higher than 60% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Tuscaloosa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tuscaloosa - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Tuscaloosa real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$169,878

Tuscaloosa, AL HOME PRICES

Value Range
> $1,116,000 0.8
$837,001 - $1,116,000 1.2
$558,001 - $837,000 4.1
$446,001 - $558,000 3.8
$335,001 - $446,000 7.8
$223,001 - $335,000 17.3
$112,001 - $223,000 43.0
$56,001 - $112,000 15.2
$0 - $56,000 6.7

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
43.2285262603197 11.25

Number Of Homes And Apartments:
32,468

Tuscaloosa 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
56.29% 2.58% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$963 / per month

Homeownership Rate

Homeownership
Owners 43.83
Renters 56.17
Vacant 28.07

Housing Market Details

 

Age of Homes

AGE OF Tuscaloosa HOMES
2000 or Newer 29.9
1970 - 1999 41.3
1940 - 1969 25.1
1939 or Older 3.8

Types of Homes

TYPE OF Tuscaloosa HOMES
Single-Family 48.7
Townhomes 1.8
Small Apt. Buildings 10.2
Apt. Complexes 37.5
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Tuscaloosa HOMES
No Bedroom 1.03
1 Bedroom 14.15
2 Bedrooms 33.30
3 Bedrooms 32.13
4 Bedrooms 15.26
5 or more bedrooms 4.13