The housing market in Tuscaloosa continues to see strong price appreciation, with values up 44.1% compared to last year. Home prices have decreased 40.5% in the past month. With 2.1 months of supply, Tuscaloosa's inventory levels remain relatively tight. Transaction volume is up 80% compared to what's typically expected this time of year. Only 5.3% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Tuscaloosa market with the affordability index at 20.3. Based on current market indicators, home prices in Tuscaloosa are projected to decrease by approximately 13.3% over the next month.
Tuscaloosa, AL has a total population of 105,966 residents. White residents make up 48.3% of the population, African American residents comprise 41.9% of the community. This creates a relatively diverse demographic makeup for the area. As a large population center, Tuscaloosa, AL offers diverse community resources and amenities.
Crime analysis for Tuscaloosa, AL shows 1,424 total incidents across all categories. The most prevalent crime type is Assault (47.9% of all incidents). This is followed by Property Crime at 43.7%. The overall crime rate in Tuscaloosa, AL is relatively high, with violent crimes being more common than property crimes. Residents and visitors should remain aware of their surroundings and take appropriate safety precautions.
Market predictions for Tuscaloosa, AL show relatively stable home prices with minimal change (-1.7%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Tuscaloosa, AL is approximately $264,139.021. The stable price trend suggests a balanced market in Tuscaloosa, AL, suitable for both buyers and sellers.
Tuscaloosa, AL features 2 investment hotspots with varying levels of activity. The average nightly rate of $133 suggests an affordable market for travelers. Guest satisfaction is good with an average rating of 4.1/5. The high average hotspot score of 0.86 indicates excellent investment potential in these areas. The area features 49 hotels, offering limited but growing accommodation options.
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