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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 15,350, 6,120 total housing units (homes and apartments), and a median house value of $158,715, Cullman 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 Cullman, accounting for 66.23% of the city's housing units. Other types of housing that are prevalent in Cullman include large apartment complexes or high rise apartments ( 18.85%), duplexes, homes converted to apartments or other small apartment buildings ( 10.06%), and a few mobile homes or trailers ( 2.75%).
The most prevalent building size and type in Cullman are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.41% owning and 44.59% renting.
There is a lot of housing in Cullman 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 Cullman built between 1940-1969 ( 35.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.46%). There's also some housing in Cullman built before 1939 ( 3.78%).
Appreciation rates for homes in Cullman have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.45%, which ranks in the top 50% nationwide. This equates to an annual average Cullman house appreciation rate of 0.72%.
Over the last year, Cullman appreciation rates have trailed the rest of the nation. In the last twelve months, Cullman's appreciation rate has been 2.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cullman were at 2.19%, which equates to an annual appreciation rate of 9.03%.
Importantly, this makes Cullman one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Alabama, our data show that Cullman's latest annual appreciation rate is lower than 50% 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 Cullman differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cullman - 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 Cullman real estate investment or home purchase decisions.
|$804,001 - $1,072,000||0.3|
|$536,001 - $804,000||2.6|
|$429,001 - $536,000||0.7|
|$321,001 - $429,000||6.3|
|$214,001 - $321,000||14.8|
|$107,001 - $214,000||45.8|
|$54,001 - $107,000||21.4|
|$0 - $54,000||7.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Cullman HOMES|
|2000 or Newer||10.5|
|1970 - 1999||49.8|
|1940 - 1969||36.0|
|1939 or Older||3.8|
|TYPE OF Cullman HOMES|
|Small Apt. Buildings||10.1|
|SIZE OF Cullman HOMES|
|5 or more bedrooms||2.36|