Clanton, AL Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Clanton, AL Housing Market Trends

With a population of 8,794, 3,423 total housing units (homes and apartments), and a median house value of $165,013, house prices in Clanton are solidly below the national average.

Single-family detached homes are the single most common housing type in Clanton, accounting for 68.46% of the city's housing units. Other types of housing that are prevalent in Clanton include large apartment complexes or high rise apartments ( 11.28%), duplexes, homes converted to apartments or other small apartment buildings ( 10.63%), and a few row houses and other attached homes ( 4.86%).

The most prevalent building size and type in Clanton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.14% owning and 42.86% renting.

There is a lot of housing in Clanton 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 Clanton built between 1940-1969 ( 26.80%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.79%). There's also some housing in Clanton built before 1939 ( 15.79%).

Vacant housing appears to be an issue in Clanton. Fully 13.78% of the housing stock is classified as vacant. Left unchecked, vacant Clanton homes and apartments can be a drag on the real estate market, holding Clanton 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.

Clanton Home Appreciation Rates

Clanton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clanton during the period has been just 2.37%, which is lower than 70% of US communities.

Appreciation rates are so strong in Clanton that despite a nationwide downturn in the housing market, Clanton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clanton appreciation rates continue to be some of the highest in America, at 7.83%, which is higher than appreciation rates in 71.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clanton. Clanton appreciation rates in the latest quarter were at 1.49%, which equates to an annual appreciation rate of 6.10%.

Relative to Alabama, our data show that Clanton's latest annual appreciation rate is higher than 60% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Clanton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clanton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Clanton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$165,013

Clanton, AL HOME PRICES

> $1,200,000
1.4%
1.4%
$900,001 - $1,200,000
0.0%
0.0%
$600,001 - $900,000
0.6%
0.6%
$480,001 - $600,000
0.6%
0.6%
$360,001 - $480,000
2.8%
2.8%
$240,001 - $360,000
19.0%
19.0%
$120,001 - $240,000
37.1%
37.1%
$60,001 - $120,000
20.4%
20.4%
$0 - $60,000
18.0%
18.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for AL

Value Relative To Nation

Number Of Homes And Apartments:
3,423

Clanton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
52.49% 2.01%
4
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,002 / per month

Homeownership Rate

Owners
57.1%
57.1%
Renters
42.9%
42.9%
Vacant
13.8%
13.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.8%
18.8%
1970 - 1999
38.6%
38.6%
1940 - 1969
26.8%
26.8%
1939 or Older
15.8%
15.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.5%
68.5%
Townhomes
4.9%
4.9%
Small Apt. Buildings
10.6%
10.6%
Apt. Complexes
11.3%
11.3%
Mobile Homes
4.8%
4.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
8.5%
8.5%
2 Bedrooms
33.2%
33.2%
3 Bedrooms
42.2%
42.2%
4 Bedrooms
12.2%
12.2%
5 or more bedrooms
3.7%
3.7%
0.0% 100.0%
% OF HOMES