Semmes, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Semmes, AL Housing Market Trends

With a population of 17,610, 3,300 total housing units (homes and apartments), and a median house value of $179,921, 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 80.61% of the town's housing units. Other types of housing that are prevalent in Semmes include mobile homes or trailers ( 15.37%), large apartment complexes or high rise apartments ( 2.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.09%).

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 83.28% of Semmes's homes, and 83.40% 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 ( 38.55%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.37%). There's also some housing in Semmes built before 1939 ( 1.72%).

Semmes Home Appreciation Rates

Semmes's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Semmes during the period has been just 2.74%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Semmes's appreciation rate, at 8.96%, has been at or slightly above the national average. In the latest quarter, Semmes's appreciation rate has been 4.41%, which annualizes to a rate of 18.85%.

Importantly, this makes Semmes 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 Semmes's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$179,921

Semmes, AL HOME PRICES

> $1,268,000
0.0%
0.0%
$951,001 - $1,268,000
0.9%
0.9%
$634,001 - $951,000
0.4%
0.4%
$507,001 - $634,000
0.9%
0.9%
$381,001 - $507,000
5.4%
5.4%
$254,001 - $381,000
17.2%
17.2%
$127,001 - $254,000
50.9%
50.9%
$64,001 - $127,000
12.0%
12.0%
$0 - $64,000
12.4%
12.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for AL

Value Relative To Nation

Number Of Homes And Apartments:
3,300

Semmes Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
61.33% 2.25%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,025 / per month

Homeownership Rate

Owners
83.3%
83.3%
Renters
16.7%
16.7%
Vacant
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
38.6%
38.6%
1970 - 1999
54.4%
54.4%
1940 - 1969
5.4%
5.4%
1939 or Older
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.6%
80.6%
Townhomes
0.2%
0.2%
Small Apt. Buildings
1.1%
1.1%
Apt. Complexes
2.4%
2.4%
Mobile Homes
15.4%
15.4%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
3.6%
3.6%
2 Bedrooms
9.9%
9.9%
3 Bedrooms
64.6%
64.6%
4 Bedrooms
18.8%
18.8%
5 or more bedrooms
2.7%
2.7%
0.0% 100.0%
% OF HOMES