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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Fort Mitchell, AL Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fort Mitchell, AL Housing Market Trends

With 6,751 people, 2,473 houses or apartments, and a median cost of homes of $360,719, Fort Mitchell real estate is some of the most expensive in Alabama, although Fort Mitchell home values aren't among America's most expensive.

Fort Mitchell is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Fort Mitchell than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fort Mitchell. Owner-occupied housing accounts for 91.24% of Fort Mitchell's homes, and 69.37% have either three or four bedrooms, which is average sized relative to America.

Fort Mitchell homes and real estate are some of the newest in America. 69.77% of Fort Mitchell's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fort Mitchell real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 19.16%), and between 1940-1969 ( 10.19%).

Fort Mitchell Home Appreciation Rates

Real estate appreciation rates in Fort Mitchell's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.03% during the period.

NeighborhoodScout's data show that during the latest twelve months, Fort Mitchell's appreciation rate, at 7.15%, has been at or slightly above the national average. In the latest quarter, Fort Mitchell's appreciation rate has been 9.24%, which annualizes to a rate of 42.39%.

Importantly, this makes Fort Mitchell one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Alabama, our data show that Fort Mitchell's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.

Average Home Values

Median Home Value

$360,719

Fort Mitchell, AL Home Prices
> $1,522,000
$1,142,001 - $1,522,000
$761,001 - $1,142,000
$609,001 - $761,000
$457,001 - $609,000
$305,001 - $457,000
$152,001 - $305,000
$76,001 - $152,000
$0 - $76,000
1.1%
1.1%
0.0%
0.0%
1.8%
1.8%
0.0%
0.0%
9.1%
9.1%
44.4%
44.4%
23.6%
23.6%
6.0%
6.0%
14.0%
14.0%
0% 100.0%
% of Homes
Very High

for Alabama

High

for nation

Number of Homes And Apartments:

2,473

Fort Mitchell Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,619 / per month

Homeownership Rate

Owners
Renters
91.2%
91.2%
8.8%
8.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.2%
8.2%
91.8%
91.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
69.8%
69.8%
19.2%
19.2%
10.2%
10.2%
0.9%
0.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.0%
78.0%
1.3%
1.3%
0.0%
0.0%
0.0%
0.0%
19.9%
19.9%
0.8%
0.8%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.5%
0.5%
11.8%
11.8%
22.0%
22.0%
47.4%
47.4%
18.4%
18.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Fort Mitchell

Popular Communities Near Fort Mitchell, AL

Zip Codes in Fort Mitchell, AL