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 2,242 people, 861 houses or apartments, and a median cost of homes of $148,898, house prices in Dora are solidly below the national average.
Single-family detached homes are the single most common housing type in Dora, accounting for 63.06% of the city's housing units. Other types of housing that are prevalent in Dora include mobile homes or trailers ( 16.58%), large apartment complexes or high rise apartments ( 16.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dora. Owner-occupied housing accounts for 66.67% of Dora's homes, and 58.66% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Dora 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 Dora built between 1940-1969 ( 32.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.74%). There's also some housing in Dora built before 1939 ( 12.91%).
Dora's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dora during the period has been just 4.93%, which is lower than 80% of US communities.
Appreciation rates are so strong in Dora that despite a nationwide downturn in the housing market, Dora real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dora appreciation rates continue to be some of the highest in America, at 7.61%, which is higher than appreciation rates in 87.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dora. Dora appreciation rates in the latest quarter were at 1.20%, which equates to an annual appreciation rate of 4.89%.
Relative to Alabama, our data show that Dora's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.
$148,898
for Alabama
for nation
861
$1,154 / per month