Cities with the fastest-growing home prices in Alabama
Published 4:25 pm Monday, September 23, 2024
Cities with the fastest-growing home prices in Alabama
The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $362,143 in August, 2.5% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the fastest-growing home prices in Alabama using data from Zillow. Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending August 2024. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in Alabama.
You may also like: Counties in Alabama with more precipitation over the past year than average
Stacker
#50. Florence
– Typical home value: $201,057
– 1-year price change: +$9,548 (+5.0%)
– 5-year price change: +$67,489 (+50.5%)
– Metro area: Florence-Muscle Shoals, AL
Stacker
#49. Daleville
– Typical home value: $148,176
– 1-year price change: +$9,885 (+7.1%)
– 5-year price change: +$48,351 (+48.4%)
– Metro area: Ozark, AL
Stacker
#48. Muscle Shoals
– Typical home value: $248,207
– 1-year price change: +$9,973 (+4.2%)
– 5-year price change: +$87,549 (+54.5%)
– Metro area: Florence-Muscle Shoals, AL
Stacker
#47. Sheffield
– Typical home value: $126,976
– 1-year price change: +$10,275 (+8.8%)
– 5-year price change: +$47,746 (+60.3%)
– Metro area: Florence-Muscle Shoals, AL
Stacker
#46. Killen
– Typical home value: $267,415
– 1-year price change: +$10,320 (+4.0%)
– 5-year price change: +$97,404 (+57.3%)
– Metro area: Florence-Muscle Shoals, AL
You may also like: How syringe exchanges in Alabama reduce the spread of disease
Stacker
#45. Trinity
– Typical home value: $244,541
– 1-year price change: +$10,475 (+4.5%)
– 5-year price change: +$74,904 (+44.2%)
– Metro area: Decatur, AL
Stacker
#44. Hillsboro
– Typical home value: $167,499
– 1-year price change: +$10,586 (+6.7%)
– 5-year price change: data not available
– Metro area: Decatur, AL
Stacker
#43. Altoona
– Typical home value: $187,853
– 1-year price change: +$10,607 (+6.0%)
– 5-year price change: +$54,726 (+41.1%)
– Metro area: Gadsden, AL
Stacker
#42. Stapleton
– Typical home value: $337,634
– 1-year price change: +$10,896 (+3.3%)
– 5-year price change: +$132,973 (+65.0%)
– Metro area: Daphne-Fairhope-Foley, AL
Stacker
#41. Albertville
– Typical home value: $197,445
– 1-year price change: +$11,034 (+5.9%)
– 5-year price change: +$68,868 (+53.6%)
– Metro area: Albertville, AL
You may also like: Movies and TV shows casting in Alabama
Stacker
#40. Rainbow City
– Typical home value: $242,960
– 1-year price change: +$11,241 (+4.9%)
– 5-year price change: +$81,112 (+50.1%)
– Metro area: Gadsden, AL
Stacker
#39. Boaz
– Typical home value: $195,633
– 1-year price change: +$11,369 (+6.2%)
– 5-year price change: +$63,408 (+48.0%)
– Metro area: Gadsden, AL
Stacker
#38. Rehobeth
– Typical home value: $265,241
– 1-year price change: +$11,388 (+4.5%)
– 5-year price change: +$84,793 (+47.0%)
– Metro area: Dothan, AL
Stacker
#37. Rogersville
– Typical home value: $248,811
– 1-year price change: +$11,452 (+4.8%)
– 5-year price change: +$93,454 (+60.2%)
– Metro area: Florence-Muscle Shoals, AL
Stacker
#36. Seminole
– Typical home value: $331,412
– 1-year price change: +$11,732 (+3.7%)
– 5-year price change: +$133,838 (+67.7%)
– Metro area: Daphne-Fairhope-Foley, AL
You may also like: How many people are receiving mental health treatment in Alabama
Stacker
#35. Heflin
– Typical home value: $220,891
– 1-year price change: +$11,749 (+5.6%)
– 5-year price change: +$71,829 (+48.2%)
– Metro area: not in a metro area
Stacker
#34. Hokes Bluff
– Typical home value: $207,815
– 1-year price change: +$11,936 (+6.1%)
– 5-year price change: +$65,915 (+46.5%)
– Metro area: Gadsden, AL
Stacker
#33. Cowarts
– Typical home value: $173,037
– 1-year price change: +$12,038 (+7.5%)
– 5-year price change: +$62,092 (+56.0%)
– Metro area: Dothan, AL
Stacker
#32. Munford
– Typical home value: $182,673
– 1-year price change: +$12,041 (+7.1%)
– 5-year price change: +$63,996 (+53.9%)
– Metro area: Talladega-Sylacauga, AL
Stacker
#31. Glencoe
– Typical home value: $203,991
– 1-year price change: +$12,072 (+6.3%)
– 5-year price change: +$67,448 (+49.4%)
– Metro area: Gadsden, AL
You may also like: Airports using biometric facial recognition in Alabama
Stacker
#30. Salem
– Typical home value: $305,642
– 1-year price change: +$12,363 (+4.2%)
– 5-year price change: +$94,151 (+44.5%)
– Metro area: Auburn-Opelika, AL
Stacker
#29. Level Plains
– Typical home value: $209,653
– 1-year price change: +$12,703 (+6.4%)
– 5-year price change: +$67,544 (+47.5%)
– Metro area: Ozark, AL
Stacker
#28. Mount Hope
– Typical home value: $191,325
– 1-year price change: +$12,734 (+7.1%)
– 5-year price change: data not available
– Metro area: Decatur, AL
Stacker
#27. Ashford
– Typical home value: $168,602
– 1-year price change: +$12,752 (+8.2%)
– 5-year price change: +$61,091 (+56.8%)
– Metro area: Dothan, AL
Stacker
#26. Delta
– Typical home value: $219,756
– 1-year price change: +$13,070 (+6.3%)
– 5-year price change: +$68,258 (+45.1%)
– Metro area: not in a metro area
You may also like: Bestselling cars in Alabama
Stacker
#25. Grant
– Typical home value: $267,273
– 1-year price change: +$13,078 (+5.1%)
– 5-year price change: +$97,321 (+57.3%)
– Metro area: Albertville, AL
Stacker
#24. Arley
– Typical home value: $476,669
– 1-year price change: +$13,099 (+2.8%)
– 5-year price change: +$169,785 (+55.3%)
– Metro area: not in a metro area
Stacker
#23. Union Springs
– Typical home value: $117,609
– 1-year price change: +$13,237 (+12.7%)
– 5-year price change: +$33,536 (+39.9%)
– Metro area: not in a metro area
Stacker
#22. Wilsonville
– Typical home value: $340,738
– 1-year price change: +$13,672 (+4.2%)
– 5-year price change: +$98,664 (+40.8%)
– Metro area: Birmingham-Hoover, AL
Stacker
#21. Laceys Spring
– Typical home value: $241,730
– 1-year price change: +$13,720 (+6.0%)
– 5-year price change: +$64,363 (+36.3%)
– Metro area: Decatur, AL
You may also like: How road conditions in Alabama have deteriorated since 2000
Stacker
#20. Billingsley
– Typical home value: $206,838
– 1-year price change: +$13,770 (+7.1%)
– 5-year price change: +$53,658 (+35.0%)
– Metro area: Montgomery, AL
Stacker
#19. Avon
– Typical home value: $191,102
– 1-year price change: +$13,890 (+7.8%)
– 5-year price change: data not available
– Metro area: Dothan, AL
Stacker
#18. Auburn
– Typical home value: $373,408
– 1-year price change: +$14,121 (+3.9%)
– 5-year price change: +$106,967 (+40.1%)
– Metro area: Auburn-Opelika, AL
Stacker
#17. Union Grove
– Typical home value: $259,428
– 1-year price change: +$14,192 (+5.8%)
– 5-year price change: +$89,486 (+52.7%)
– Metro area: Albertville, AL
Stacker
#16. Gordon
– Typical home value: $144,691
– 1-year price change: +$14,662 (+11.3%)
– 5-year price change: data not available
– Metro area: Dothan, AL
You may also like: How compensation compares between Alabama staff and travel nurses
Stacker
#15. Shelby
– Typical home value: $341,639
– 1-year price change: +$14,923 (+4.6%)
– 5-year price change: +$103,164 (+43.3%)
– Metro area: Birmingham-Hoover, AL
Stacker
#14. Newton
– Typical home value: $238,730
– 1-year price change: +$15,301 (+6.8%)
– 5-year price change: +$77,797 (+48.3%)
– Metro area: Dothan, AL
Stacker
#13. Gallant
– Typical home value: $218,464
– 1-year price change: +$16,227 (+8.0%)
– 5-year price change: +$58,455 (+36.5%)
– Metro area: Gadsden, AL
Stacker
#12. Southside
– Typical home value: $265,978
– 1-year price change: +$16,246 (+6.5%)
– 5-year price change: +$94,554 (+55.2%)
– Metro area: Gadsden, AL
Stacker
#11. Pansey
– Typical home value: $164,342
– 1-year price change: +$16,544 (+11.2%)
– 5-year price change: data not available
– Metro area: Dothan, AL
You may also like: Counties with the highest rates of high blood pressure in Alabama
Stacker
#10. Guntersville
– Typical home value: $293,514
– 1-year price change: +$16,631 (+6.0%)
– 5-year price change: +$109,344 (+59.4%)
– Metro area: Albertville, AL
Stacker
#9. Mentone
– Typical home value: $303,689
– 1-year price change: +$18,385 (+6.4%)
– 5-year price change: +$117,511 (+63.1%)
– Metro area: Fort Payne, AL
Stacker
#8. Sardis City
– Typical home value: $234,396
– 1-year price change: +$19,361 (+9.0%)
– 5-year price change: +$90,368 (+62.7%)
– Metro area: Gadsden, AL
Stacker
#7. Waverly
– Typical home value: $367,659
– 1-year price change: +$19,592 (+5.6%)
– 5-year price change: +$120,661 (+48.9%)
– Metro area: LaGrange, GA-AL
Stacker
#6. Crane Hill
– Typical home value: $544,576
– 1-year price change: +$20,746 (+4.0%)
– 5-year price change: +$194,595 (+55.6%)
– Metro area: Cullman, AL
You may also like: How opioid prescriptions to Medicaid patients in Alabama stack up
Stacker
#5. Eclectic
– Typical home value: $402,662
– 1-year price change: +$24,002 (+6.3%)
– 5-year price change: +$128,276 (+46.8%)
– Metro area: Montgomery, AL
Stacker
#4. Jacksons Gap
– Typical home value: $582,498
– 1-year price change: +$24,686 (+4.4%)
– 5-year price change: +$246,514 (+73.4%)
– Metro area: Alexander City, AL
Stacker
#3. Indian Springs Village
– Typical home value: $559,847
– 1-year price change: +$29,730 (+5.6%)
– 5-year price change: +$168,930 (+43.2%)
– Metro area: Birmingham-Hoover, AL
Stacker
#2. Langston
– Typical home value: $342,966
– 1-year price change: +$30,977 (+9.9%)
– 5-year price change: +$119,127 (+53.2%)
– Metro area: Albertville, AL
Stacker
#1. Equality
– Typical home value: $723,878
– 1-year price change: +$94,847 (+15.1%)
– 5-year price change: +$295,492 (+69.0%)
– Metro area: Alexander City, AL
You may also like: Cheddar cheese, ham, and other groceries that dropped in price in the South last month