Vinemont appreciation rates and housing market information

Vinemont housing market information

With 9,203 people, 3,553 houses or apartments, and a median cost of homes of $129,200, house prices in Vinemont are solidly below the national average.

single-family detached homes are the single most common housing type in Vinemont, accounting for 62.74% of the town's housing units. Other types of housing that are prevalent in Vinemont include mobile homes or trailers (34.25%), duplexes, homes converted to apartments, or other small apartment buildings (1.55%), row houses and other attached homes (0.59%), and a few large apartment complexes or high rise apartments (0.56%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Vinemont. Owner-occupied housing accounts for 75.12% of Vinemont's homes, and 63.24% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Vinemont 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 Vinemont built from 1940-1969 (24.63%). A lesser amount of the housing stock also hails from 1995 and later (18.44%), and some were built from 1939 and earlier (18.44%).

Vacant housing appears to be an issue in Vinemont. Fully 10.64% of the housing stock is classified as vacant. Left unchecked, vacant Vinemont homes and apartments can be a drag on the real estate market, holding Vinemont 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.

Vinemont home appreciation rates

Appreciation rates for homes in Vinemont have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 110.97%, which ranks in the top 20% nationwide. This equates to an annual average Vinemont house appreciation rate of 11.09%.

Appreciation rates are so strong in Vinemont that despite a nationwide downturn in the housing market, Vinemont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vinemont appreciation rates continue to be some of the highest in America, at 8.10%, which is higher than appreciation rates in 95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vinemont. Vinemont appreciation rates in the latest quarter were at 1.39%, which equates to an annual appreciation rate of 5.56%.

Importantly, this makes Vinemont one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Alabama, our data show that Vinemont's latest annual appreciation rate is higher than 87% of the other cities and towns in Alabama.