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 80,006 people, 28,310 houses or apartments, and a median cost of homes of $433,127, Auburn real estate is some of the most expensive in Alabama, although Auburn home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Auburn, accounting for 46.56% of the city's housing units. Other types of housing that are prevalent in Auburn include large apartment complexes or high rise apartments ( 32.03%), duplexes, homes converted to apartments or other small apartment buildings ( 10.08%), and a few row houses and other attached homes ( 7.38%).
The most prevalent building size and type in Auburn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.77% owning and 53.23% renting.
Auburn homes and real estate are some of the newest in America. 48.03% of Auburn's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Auburn real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.16%), and between 1940-1969 ( 10.76%). There's also some housing in Auburn built before 1939 ( 1.05%).
Vacant housing appears to be an issue in Auburn. Fully 16.57% of the housing stock is classified as vacant. Left unchecked, vacant Auburn homes and apartments can be a drag on the real estate market, holding Auburn 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 Auburn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.31%, which ranks in the top 40% nationwide. This equates to an annual average Auburn house appreciation rate of 6.65%.
Appreciation rates are so strong in Auburn that despite a nationwide downturn in the housing market, Auburn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Auburn appreciation rates continue to be some of the highest in America, at 12.58%, which is higher than appreciation rates in 98.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Auburn. Auburn appreciation rates in the latest quarter were at 2.59%, which equates to an annual appreciation rate of 10.78%.
Importantly, this makes Auburn one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Alabama, our data show that Auburn's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Auburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Auburn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Auburn real estate investment or home purchase decisions.
$433,127
for Alabama
for nation
28,310
$1,482 / per month