Blountsville, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Blountsville, AL Real Estate Data


Blountsville Housing Market Information

With 1,697 people, 636 houses or apartments, and a median cost of homes of $114,197, house prices in Blountsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Blountsville, accounting for 55.69% of the town's housing units. Other types of housing that are prevalent in Blountsville include mobile homes or trailers ( 19.22%), duplexes, homes converted to apartments or other small apartment buildings ( 16.89%), and a few large apartment complexes or high rise apartments ( 7.34%).

The most prevalent building size and type in Blountsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 48.11% owning and 51.89% renting.

There is a lot of housing in Blountsville 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 Blountsville built between 1940-1969 ( 34.03%). A lesser amount of the housing stock also hails from before 1939 ( 6.24%). There's also some housing in Blountsville built between 2000 and later ( 4.28%).

Vacant housing appears to be an issue in Blountsville. Fully 22.15% of the housing stock is classified as vacant. Left unchecked, vacant Blountsville homes and apartments can be a drag on the real estate market, holding Blountsville 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.

Blountsville Home Appreciation Rates

Appreciation rates for homes in Blountsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.97%, which ranks in the top 40% nationwide. This equates to an annual average Blountsville house appreciation rate of 1.05%.

Over the last year, Blountsville appreciation rates have trailed the rest of the nation. In the last twelve months, Blountsville's appreciation rate has been 3.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Blountsville were at 2.45%, which equates to an annual appreciation rate of 10.16%.

Relative to Alabama, our data show that Blountsville's latest annual appreciation rate is lower than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$114,197

Blountsville, AL HOME PRICES

Value Range
> $1,121,000 0.0
$841,001 - $1,121,000 0.0
$560,001 - $841,000 1.3
$449,001 - $560,000 0.0
$337,001 - $449,000 2.3
$224,001 - $337,000 11.7
$112,001 - $224,000 37.3
$56,001 - $112,000 28.8
$0 - $56,000 18.5

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
69.719505767992 43.25

Number Of Homes And Apartments:
636

Rent & Ownership

 

Average Market Rent:
$545 / per month

Homeownership Rate

Homeownership
Owners 48.11
Renters 51.89
Vacant 22.15

Housing Market Details

 

Age of Homes

AGE OF Blountsville HOMES
2000 or Newer 4.3
1970 - 1999 55.4
1940 - 1969 34.0
1939 or Older 6.2

Types of Homes

TYPE OF Blountsville HOMES
Single-Family 55.7
Townhomes 0.9
Small Apt. Buildings 16.9
Apt. Complexes 7.3
Mobile Homes 19.2
Other 0.0

Home Size

SIZE OF Blountsville HOMES
No Bedroom 1.59
1 Bedroom 6.98
2 Bedrooms 31.09
3 Bedrooms 50.31
4 Bedrooms 8.20
5 or more bedrooms 1.84

Blountsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
48.27% 2.34% 9 6
* 10 is highest

Popular Neighborhoods in Blountsville

Zip Codes in Blountsville, AL