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 5,499 people, 2,209 houses or apartments, and a median cost of homes of $267,173, Semmes real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Semmes, accounting for 78.12% of the city's housing units. Other types of housing that are prevalent in Semmes include large apartment complexes or high rise apartments ( 9.37%), mobile homes or trailers ( 8.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.75%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Semmes. Owner-occupied housing accounts for 74.09% of Semmes's homes, and 71.66% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Semmes 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 Semmes built between 2000 and later ( 33.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.19%).
Vacant housing appears to be an issue in Semmes. Fully 10.82% of the housing stock is classified as vacant. Left unchecked, vacant Semmes homes and apartments can be a drag on the real estate market, holding Semmes 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.
Real estate appreciation rates in Semmes's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.47% during the period.
NeighborhoodScout's data show that during the latest twelve months, Semmes's appreciation rate, at 7.27%, has been at or slightly above the national average. In the latest quarter, Semmes's appreciation rate has been -0.19%, which annualizes to a rate of -0.75%.
Notably, Semmes's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Semmes's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.
$267,173
for Alabama
for nation
2,209
$1,276 / per month