Clay, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Clay Neighborhoods Since 2000




Clay, 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 Q2 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

Clay Housing Market Information

With a population of 9,655, 3,763 total housing units (homes and apartments), and a median house value of $148,884, Clay 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 Clay, accounting for 94.63% of the city's housing units. Other types of housing that are prevalent in Clay include large apartment complexes or high rise apartments ( 3.74%), row houses and other attached homes ( 1.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clay. Owner-occupied housing accounts for 89.32% of Clay's homes, and 81.87% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Clay 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 Clay built between 2000 and later ( 27.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.96%). There's also some housing in Clay built before 1939 ( 2.36%).

Clay Home Appreciation Rates

Clay's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clay during the period has been just -1.28%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Clay's appreciation rate, at 3.94%, has been at or slightly above the national average. In the latest quarter, Clay's appreciation rate has been 2.24%, which annualizes to a rate of 9.29%.

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

Average Home Values

 

Median Home Value:
$148,884

Clay, AL HOME PRICES

Value Range
> $1,078,000 0.4
$808,001 - $1,078,000 1.8
$539,001 - $808,000 0.3
$431,001 - $539,000 1.2
$323,001 - $431,000 6.1
$216,001 - $323,000 14.6
$108,001 - $216,000 56.7
$54,001 - $108,000 15.3
$0 - $54,000 3.6

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
51.8707184261374 17.75

Number Of Homes And Apartments:
3,763

Clay Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
9.35% 0.51% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,644 / per month

Homeownership Rate

Homeownership
Owners 89.32
Renters 10.68
Vacant 8.55

Housing Market Details

 

Age of Homes

AGE OF Clay HOMES
2000 or Newer 27.3
1970 - 1999 60.4
1940 - 1969 10.0
1939 or Older 2.4

Types of Homes

TYPE OF Clay HOMES
Single-Family 94.6
Townhomes 1.1
Small Apt. Buildings 0.0
Apt. Complexes 3.7
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Clay HOMES
No Bedroom 2.38
1 Bedroom 0.39
2 Bedrooms 8.55
3 Bedrooms 52.66
4 Bedrooms 29.21
5 or more bedrooms 6.80