Arley, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Arley, AL Real Estate Data


Arley Housing Market Information

With a population of 352, 179 total housing units (homes and apartments), and a median house value of $150,506, Arley real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Arley, accounting for 67.14% of the town's housing units. Other types of housing that are prevalent in Arley include mobile homes or trailers ( 23.33%), duplexes, homes converted to apartments or other small apartment buildings ( 9.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Arley. Owner-occupied housing accounts for 72.07% of Arley's homes, and 73.33% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Arley 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 Arley built between 1940-1969 ( 38.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.00%). There's also some housing in Arley built before 1939 ( 1.43%).

Vacant housing appears to be an issue in Arley. Fully 14.76% of the housing stock is classified as vacant. Left unchecked, vacant Arley homes and apartments can be a drag on the real estate market, holding Arley 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.

Arley Home Appreciation Rates

Appreciation rates for homes in Arley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.05%, which ranks in the top 40% nationwide. This equates to an annual average Arley house appreciation rate of 0.59%.

Over the last year, Arley appreciation rates have trailed the rest of the nation. In the last twelve months, Arley's appreciation rate has been 3.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arley were at 0.12%, which equates to an annual appreciation rate of 0.49%.

Relative to Alabama, our data show that Arley's latest annual appreciation rate is higher than 50% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$150,506

Arley, AL HOME PRICES

Value Range
> $1,069,000 1.4
$803,001 - $1,069,000 1.5
$535,001 - $803,000 4.2
$428,001 - $535,000 5.1
$320,001 - $428,000 5.2
$214,001 - $320,000 6.9
$107,001 - $214,000 32.0
$54,001 - $107,000 18.3
$0 - $54,000 25.4

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
49.501933669284 16.75

Number Of Homes And Apartments:
179

Rent & Ownership

 

Average Market Rent:
$734 / per month

Homeownership Rate

Homeownership
Owners 72.07
Renters 27.93
Vacant 14.76

Housing Market Details

 

Age of Homes

AGE OF Arley HOMES
2000 or Newer 10.0
1970 - 1999 50.5
1940 - 1969 38.1
1939 or Older 1.4

Types of Homes

TYPE OF Arley HOMES
Single-Family 67.1
Townhomes 0.5
Small Apt. Buildings 9.0
Apt. Complexes 0.0
Mobile Homes 23.3
Other 0.0

Home Size

SIZE OF Arley HOMES
No Bedroom 0.95
1 Bedroom 3.33
2 Bedrooms 21.43
3 Bedrooms 61.90
4 Bedrooms 11.43
5 or more bedrooms 0.95

Arley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
61.39% 2.81% 10 8
* 10 is highest

Popular Neighborhoods in Arley

Zip Codes in Arley, AL