Tuskegee, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tuskegee, AL Real Estate Data


Tuskegee Housing Market Information

With a population of 8,817, 3,397 total housing units (homes and apartments), and a median house value of $79,445, house prices in Tuskegee are solidly below the national average.

Single-family detached homes are the single most common housing type in Tuskegee, accounting for 64.43% of the city's housing units. Other types of housing that are prevalent in Tuskegee include large apartment complexes or high rise apartments ( 16.98%), duplexes, homes converted to apartments or other small apartment buildings ( 14.93%), and a few mobile homes or trailers ( 3.02%).

The most prevalent building size and type in Tuskegee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 35.44% owning and 64.56% renting.

There is a lot of housing in Tuskegee 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 Tuskegee built between 1940-1969 ( 39.71%). A lesser amount of the housing stock also hails from before 1939 ( 6.88%). There's also some housing in Tuskegee built between 2000 and later ( 4.12%).

Vacant housing appears to be an issue in Tuskegee. Fully 26.73% of the housing stock is classified as vacant. Left unchecked, vacant Tuskegee homes and apartments can be a drag on the real estate market, holding Tuskegee 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.

Tuskegee Home Appreciation Rates

Real estate appreciation rates in Tuskegee's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.31% during the period.

Over the last year, Tuskegee appreciation rates have trailed the rest of the nation. In the last twelve months, Tuskegee's appreciation rate has been 2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tuskegee were at -0.41%, which equates to an annual appreciation rate of -1.64%.

Relative to Alabama, our data show that Tuskegee's latest annual appreciation rate is lower 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 Tuskegee differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tuskegee - 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 Tuskegee real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$79,445

Tuskegee, AL HOME PRICES

Value Range
> $1,023,000 0.0
$767,001 - $1,023,000 0.4
$511,001 - $767,000 0.3
$409,001 - $511,000 0.8
$307,001 - $409,000 0.3
$205,001 - $307,000 9.1
$102,001 - $205,000 21.7
$51,001 - $102,000 47.3
$0 - $51,000 20.1

Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
90.6597913981015 77.5

Number Of Homes And Apartments:
3,397

Rent & Ownership

 

Average Market Rent:
$877 / per month

Homeownership Rate

Homeownership
Owners 35.44
Renters 64.56
Vacant 26.73

Housing Market Details

 

Age of Homes

AGE OF Tuskegee HOMES
2000 or Newer 4.1
1970 - 1999 49.3
1940 - 1969 39.7
1939 or Older 6.9

Types of Homes

TYPE OF Tuskegee HOMES
Single-Family 64.4
Townhomes 0.6
Small Apt. Buildings 14.9
Apt. Complexes 17.0
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Tuskegee HOMES
No Bedroom 1.94
1 Bedroom 10.72
2 Bedrooms 29.51
3 Bedrooms 42.64
4 Bedrooms 13.37
5 or more bedrooms 1.81

Tuskegee 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
34.33% 1.73% 7 4
* 10 is highest