Slocomb appreciation rates and housing market information

Slocomb housing market information

With 7,390 people, 3,334 houses or apartments, and a median cost of homes of $98,700,

single-family detached homes are the single most common housing type in Slocomb, accounting for 67.73% of the town's housing units. Other types of housing that are prevalent in Slocomb include mobile homes or trailers (29.24%), large apartment complexes or high rise apartments (1.38%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.14%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Slocomb. Owner-occupied housing accounts for 72.77% of Slocomb's homes, and 64.73% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Slocomb built from 1970-1994, 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 Slocomb built from 1940-1969 (27.62%). A lesser amount of the housing stock also hails from 1995 and later (16.38%), and some were built from 1939 and earlier (16.38%).

Vacant housing appears to be an issue in Slocomb. Fully 12.08% of the housing stock is classified as vacant. Left unchecked, vacant Slocomb homes and apartments can be a drag on the real estate market, holding Slocomb real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Slocomb home appreciation rates

Real estate appreciation rates in Slocomb have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 8.41% during the period.

NeighborhoodScout's data show that during the latest twelve months, Slocomb home appreciation rates, at 3.95%, have been at or slightly above the national average. In the latest quarter, Slocomb's appreciation rate has been 0.53%, which annualizes to a rate of 2.12%.

Relative to Alabama, our data show that Slocomb's latest annual appreciation rate is higher than 35% of the other cities and towns in Alabama.