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Alabama
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Alabama Real Estate Market & Appreciation

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 Q3 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value:
$206,418

Number Of Homes And Apartments:
1,894,366

Alabama Home Prices

> $1,422,894
$1,067,307 - $1,422,894
$711,311 - $1,067,306
$569,128 - $711,310
$426,919 - $569,127
$284,564 - $426,918
$142,192 - $284,563
$71,146 - $142,191
$0 - $71,145
0.8%
0.8%
0.9%
0.9%
2.6%
2.6%
3.2%
3.2%
7.5%
7.5%
17.1%
17.1%
34.7%
34.7%
20.8%
20.8%
12.3%
12.3%
0.0% 100.0%
% OF HOMES

Alabama Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2022 Q2 - 2022 Q3
3.11% 13.02%
9
Last 12 Months:
2021 Q3 - 2022 Q3
17.31% 17.31%
8
Last 2 Years:
2020 Q3 - 2022 Q3
35.24% 16.29%
6
Last 5 Years:
2017 Q3 - 2022 Q3
56.54% 9.38%
7
Last 10 Years:
2012 Q3 - 2022 Q3
72.14% 5.58%
4
Since 2000:
2000 Q1 - 2022 Q3
128.40% 3.74%
3
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,349 / per month

Homeownership Rate

Owners
Renters
Vacant
67.5%
67.5%
32.5%
32.5%
16.8%
16.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.7%
22.7%
48.8%
48.8%
23.4%
23.4%
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.7%
68.7%
1.6%
1.6%
4.9%
4.9%
11.6%
11.6%
13.0%
13.0%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
6.1%
6.1%
22.4%
22.4%
49.4%
49.4%
16.8%
16.8%
3.8%
3.8%
0.0% 100.0%
% OF HOMES