Tuscaloosa, AL - House Price Index (HPI)
Tuscaloosa Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Tuscaloosa, AL single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
10
Tuscaloosa Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1313.56
1st Quarter, 2018 Housing Statistics: Tuscaloosa, Alabama


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      81%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Tuscaloosa housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Tuscaloosa is 81%. In other words, when tested against historical
data, the forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Tuscaloosa is 81% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Tuscaloosa
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      76%

The forecast for the trend in the Tuscaloosa housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Tuscaloosa is 76%. In other words, when tested against historical
data, the forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Tuscaloosa is 76% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Tuscaloosa
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Tuscaloosa, Alabama


Historical Home Price Appreciation
Last Quarter                         1.66%
Last Year                              6.0%
Last 5 Years                         11%
Last 10 Years                       10%
Last 20 Years                       62%



Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991      7.13%
1992      1.41%
1993      6.02%
1994      3.91%
1995      6.87%
1996      6.31%
1997      5.05%
1998      4.23%
1999      0.88%
2000      3.78%
2001      4.93%
2002      2.83%
2003      3.83%
2004      3.98%
2005      8.29%
2006      5.23%
2007      2.55%
2008      2.43%
2009      -0.86%
2010      -2.67%
2011      -1.12%
2012      1.40%
2013      -0.26%
2014      -0.57%
2015      0.25%
2016      5.75%
2017      4.34%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.66%         Rank: 144 of 381 (62nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.0%           Rank: 189 of 381 (50th Percentile)
Last 5 Years                              11%            Rank: 297 of 381 (22nd Percentile)
Last 10 Years  . . . . . . . . . . . .   10%            Rank: 166 of 381 (56th Percentile)
Last 20 Years                            62%            Rank: 266 of 379 (29th Percentile)


The change in home prices for Tuscaloosa, AL are shown above for five time
periods. For example: Tuscaloosa appreciated 1.66% in the Last Quarter. At
that rate, the Tuscaloosa Real Estate Market was ranked 144th out of 381
metropolitan Real Estate Markets. Tuscaloosa was in the 62nd percentile. So
Tuscaloosa, AL performed better in the Last Quarter than 62% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Tuscaloosa, Alabama

The all time high in the Tuscaloosa Home Price Index was 193.5 in the 1st
Quarter, of 2018.  The Home Price Index indicates that the Tuscaloosa Market
is up 10% over the last 10 years. Home prices in the Tuscaloosa Real Estate
Market have gained 5.97% over the last 12 months.

The 1st Quarter index value was 3.16 points higher than the 4th Quarter, 2017
index value of 190.36, resulting in a 1.66% rise in the 1st Quarter for the
Tuscaloosa Market.

The Tuscaloosa Home Price Index has increased for the last 2 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in
the last 27 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City,
IA; Shreveport, LA and Peoria, IL, with declines in the last 2 consecutive
quarters.

The highest annual change in the value of houses in the Tuscaloosa Real
Estate Market was 10% in the twelve months ended with the 1st Quarter of
1996. The worst annual change in home values  in the Tuscaloosa Market was
-4% in the twelve months ended with the 1st Quarter of 2011.

The highest growth in home values in the Tuscaloosa Real Estate Market over
a three year period was 22% in the three years ended with the 3rd Quarter of
1996. The worst performance over a three year period in the Tuscaloosa
Market was -7% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Tuscaloosa Home Price Index
(above). For information about Alabama home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Tuscaloosa Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Tuscaloosa Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Tuscaloosa Real Estate Market and
hundreds of other cities. As a result, Home Price data is not available for a
number of months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Tuscaloosa, Alabama

The trend of Tuscaloosa Home Prices relative to 380 other metropolitan areas
is detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 1st Quarter of 2018, Tuscaloosa Home Prices had a rank of 144,
with appreciation of 1.66%. The top performing real estate market during the
1st Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during
that period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Tuscaloosa Home Prices had a rank of 189, with
appreciation during the year of 5.97%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Tuscaloosa Home Prices
ranked 297, with a total appreciation of 11.1%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Tuscaloosa Home Prices
had a rank of 166, with appreciation during the decade of 10%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Tuscaloosa Home Prices
had a rank of 266, with total growth over the 20 year period of 62%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Tuscaloosa Real
Estate Market is available back to the 3rd Quarter, of 1990. All calculations are
based on the quarterly value of the House Price Index for Tuscaloosa. Real
estate appreciation figures represent total net increase or decrease over each
time period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Monday, July 30, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030