Median price
for residential apartments
in Chelsea, AL
as of May, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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88 Chelsea, AL, USA apartments for sale
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Home For Sale In Chelsea, Alabama
3142 County Road 39, Chelsea, AL 35043, USA
4
Bed
5
Bath
2,571
Sq Ft
Home For Sale In Columbiana, Alabama
189 Woodbrook Drive, Yellowleaf Creek Estates, Shelby County, AL 35051, USA
3
Bed
2
Bath
2,164
Sq Ft
Home For Sale In Birmingham, Alabama
Dunnavant Valley Road, Shelby County, AL 35242, USA
3
Bed
3
Bath
2,032
Sq Ft
Home For Sale In Chelsea, Alabama
5 Charob Lake Trail, Chelsea, AL 35043, USA
4
Bed
2
Bath
1,774
Sq Ft
Home For Sale In Chelsea, Alabama
Oakview Pkwy, Shelby County, AL 35043, USA
5
Bed
4
Bath
3,157
Sq Ft
Chelsea
According to statistics, the population in Chelsea, AL amounts to 12,199, which shows growth 4% compared to the previous year. The median age of the city’s residents is 34. The average household income is $96,591, shifting growth 6% from the past year, and the average property value in Chelsea, AL growth 3% to $221,900 throughout the year.
| Population | 12,199 |
| Median Age | 34.1 |
| Poverty Rate | 5% |
| Household Income | $96,591 |
| Number Of Employees | 6,012 |
| Median Property Value | $221,900 |
Household Income
The average household income in Chelsea, AL grew from $91,199 to $96,591 in the past year. This data is an estimate based upon 3,936 households in Chelsea, AL . The chart below presents how household income is distributed in Chelsea, AL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Chelsea, AL shifted from $216,300 to $221,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Chelsea, AL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Chelsea, AL properties falls in the '$250,000 to $299,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chelsea, AL compared to median property taxes around the country. The prevalent amount of property taxes in Chelsea, AL equals $1150, which is less than the national average.
Housing Trends
Average apartment sale in Chelsea:
$521,013 (+26.1%)
Apartment Size |
May | vs Last Month |
|---|---|---|
| 3-bed apartments | $309,780 | -7.8% |
| 4+ bed apartments | $569,020 | +20.9% |
During May 2023, the average price for an apartment in/near Chelsea, AL increased by 26.1% to $521,013.
The average price of the land for sale in Chelsea, AL has not changed significantly since last month, being $108,333. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $462,000. A 3-bed apartment goes for $309,780, it decreased by 7.8% lately. We discerned the rise of 4- and more bed apartment price. It increased by 20.9% and made it up to $569,020.
Listing Type |
May | vs Last Month |
|---|---|---|
| Houses for sale | $530,288 | +21% |
| Condos for sale | $279,850 | -6.7% |
Price reports demonstrate that house price increased by 21% this month making it up to $530,288. Condos faced an upward trend these days. The median price for a condo decreased by 6.7%, it’s now available for $279,850.
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