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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 837 people, 246 houses or apartments, and a median cost of homes of $350,682, Gurley real estate is some of the most expensive in Alabama, although Gurley home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Gurley, accounting for 77.52% of the town's housing units. Other types of housing that are prevalent in Gurley include duplexes, homes converted to apartments or other small apartment buildings ( 8.79%), mobile homes or trailers ( 7.49%), and a few large apartment complexes or high rise apartments ( 4.23%).
The most prevalent building size and type in Gurley are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.20% owning and 37.80% renting.
There is a lot of housing in Gurley 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 Gurley built between 1940-1969 ( 22.80%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.52%). There's also some housing in Gurley built before 1939 ( 18.24%).
Vacant housing appears to be an issue in Gurley. Fully 19.87% of the housing stock is classified as vacant. Left unchecked, vacant Gurley homes and apartments can be a drag on the real estate market, holding Gurley 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.
Appreciation rates for homes in Gurley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.14%, which ranks in the top 50% nationwide. This equates to an annual average Gurley house appreciation rate of 6.91%.
Over the last year, Gurley appreciation rates have trailed the rest of the nation. In the last twelve months, Gurley's appreciation rate has been -5.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gurley were at 2.78%, which equates to an annual appreciation rate of 11.61%.
Relative to Alabama, our data show that Gurley's latest annual appreciation rate is lower than 90% of the other cities and towns in Alabama.
$350,682
for Alabama
for nation
246
$1,521 / per month