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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 Q4 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (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

$247,478

Number Of Homes And Apartments:

1,969,105

Alabama Home Prices

> $1,293,772
$970,295 - $1,293,772
$647,010 - $970,294
$517,734 - $647,009
$388,001 - $517,733
$258,665 - $388,000
$129,341 - $258,664
$64,666 - $129,340
$0 - $64,665
1.4%
1.4%
1.7%
1.7%
5.3%
5.3%
5.9%
5.9%
11.2%
11.2%
21.7%
21.7%
29.2%
29.2%
14.1%
14.1%
9.4%
9.4%
0% 100.0%
% of Homes

Alabama Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,443 / per month

Homeownership Rate

Owners
Renters
68.0%
68.0%
32.0%
32.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.0%
15.0%
85.0%
85.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.2%
27.2%
45.8%
45.8%
22.0%
22.0%
4.9%
4.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.9%
68.9%
1.8%
1.8%
4.8%
4.8%
11.7%
11.7%
12.5%
12.5%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
6.3%
6.3%
21.8%
21.8%
48.5%
48.5%
17.7%
17.7%
4.2%
4.2%
0% 100.0%
% of Homes