Chunchula, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chunchula, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Chunchula Housing Market Information

With a population of 212, 67 total housing units (homes and apartments), and a median house value of $102,850, house prices in Chunchula are solidly below the national average.

Mobile homes or trailers are the single most common housing type in Chunchula, accounting for 57.27% of the town's housing units. Other types of housing that are prevalent in Chunchula include single-family detached homes ( 42.73%).

Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Chunchula. Owner-occupied housing accounts for 100.00% of Chunchula's homes, and 80.00% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chunchula 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 Chunchula built between 1940-1969 ( 32.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 0.00%).

Vacant housing appears to be an issue in Chunchula. Fully 39.09% of the housing stock is classified as vacant. Left unchecked, vacant Chunchula homes and apartments can be a drag on the real estate market, holding Chunchula 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.

Chunchula Home Appreciation Rates

Chunchula's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chunchula during the period has been just -0.90%, which is lower than 70% of US communities.

Appreciation rates are so strong in Chunchula that despite a nationwide downturn in the housing market, Chunchula real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chunchula appreciation rates continue to be some of the highest in America, at 5.76%, which is higher than appreciation rates in 71.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chunchula. Chunchula appreciation rates in the latest quarter were at -0.40%, which equates to an annual appreciation rate of -1.59%.

Relative to Alabama, our data show that Chunchula's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$102,850

Chunchula, AL HOME PRICES

Value Range
> $1,070,000 0.2
$801,001 - $1,070,000 0.6
$534,001 - $801,000 0.0
$428,001 - $534,000 0.5
$320,001 - $428,000 4.0
$214,001 - $320,000 10.9
$107,001 - $214,000 35.7
$53,001 - $107,000 23.6
$0 - $53,000 24.5

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
75.7529590999648 52.5

Number Of Homes And Apartments:
67

Chunchula Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
23.24% 1.22% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,569 / per month

Homeownership Rate

Homeownership
Owners 100.00
Renters 0.00
Vacant 39.09

Housing Market Details

 

Age of Homes

AGE OF Chunchula HOMES
2000 or Newer 0.0
1970 - 1999 67.3
1940 - 1969 32.7
1939 or Older 0.0

Types of Homes

TYPE OF Chunchula HOMES
Single-Family 42.7
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 57.3
Other 0.0

Home Size

SIZE OF Chunchula HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 20.00
3 Bedrooms 66.36
4 Bedrooms 13.64
5 or more bedrooms 0.00

Popular Neighborhoods in Chunchula

Zip Codes in Chunchula, AL