Mountain Brook appreciation rates and housing market information

Mountain Brook housing market information

With 20,983 people, 8,243 houses or apartments, and a median cost of homes of $565,100, Mountain Brook house prices are not only among the most expensive in Alabama, Mountain Brook real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Mountain Brook, accounting for 83.16% of the city's housing units. Other types of housing that are prevalent in Mountain Brook include large apartment complexes or high rise apartments (8.20%), duplexes, homes converted to apartments, or other small apartment buildings (5.19%), and a few row houses and other attached homes (3.35%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Mountain Brook. Owner-occupied housing accounts for 84.59% of Mountain Brook's homes, and 66.31% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Mountain Brook's housing was primarily built during this period, from the '40s through the '60s. A full 58.15% of the city's housing hails from this era. Other housing ages represented in Mountain Brook include homes built between 1970-1994 (28.08%), and housing constructed from 1939 and earlier (10.59%). There's also some housing in Mountain Brook built between 1995 and later (3.18%).

Mountain Brook home appreciation rates

Real estate appreciation rates in Mountain Brook have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.92% during the period.

Appreciation rates are so strong in Mountain Brook that despite a nationwide downturn in the housing market, Mountain Brook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mountain Brook appreciation rates continue to be some of the highest in America, at 4.55%, which is higher than appreciation rates in 73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mountain Brook. Mountain Brook appreciation rates in the latest quarter were at 0.23%, which equates to an annual appreciation rate of 0.92%.

Relative to Alabama, our data show that Mountain Brook's latest annual appreciation rate is higher than 44% of the other cities and towns in Alabama.