Eclectic, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Eclectic, AL Real Estate Data


Eclectic Housing Market Information

With 1,029 people, 360 houses or apartments, and a median cost of homes of $123,115, house prices in Eclectic are solidly below the national average.

Single-family detached homes are the single most common housing type in Eclectic, accounting for 72.32% of the town's housing units. Other types of housing that are prevalent in Eclectic include mobile homes or trailers ( 24.28%), duplexes, homes converted to apartments or other small apartment buildings ( 2.87%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Eclectic. Owner-occupied housing accounts for 72.78% of Eclectic's homes, and 67.36% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Eclectic 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 Eclectic built between 1940-1969 ( 32.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.18%). There's also some housing in Eclectic built before 1939 ( 4.96%).

Eclectic Home Appreciation Rates

Real estate appreciation rates in Eclectic's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.63% during the period.

Over the last year, Eclectic appreciation rates have trailed the rest of the nation. In the last twelve months, Eclectic's appreciation rate has been -1.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Eclectic were at -2.60%, which equates to an annual appreciation rate of -9.99%.

Notably, Eclectic's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Eclectic's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$123,115

Eclectic, AL HOME PRICES

Value Range
> $1,050,000 0.0
$787,001 - $1,050,000 0.3
$525,001 - $787,000 2.5
$420,001 - $525,000 1.3
$315,001 - $420,000 4.1
$210,001 - $315,000 15.2
$105,001 - $210,000 33.3
$52,001 - $105,000 23.2
$0 - $52,000 19.1

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
63.4946677604594 32.75

Number Of Homes And Apartments:
360

Rent & Ownership

 

Average Market Rent:
$906 / per month

Homeownership Rate

Homeownership
Owners 72.78
Renters 27.22
Vacant 6.01

Housing Market Details

 

Age of Homes

AGE OF Eclectic HOMES
2000 or Newer 10.2
1970 - 1999 52.7
1940 - 1969 32.1
1939 or Older 5.0

Types of Homes

TYPE OF Eclectic HOMES
Single-Family 72.3
Townhomes 0.5
Small Apt. Buildings 2.9
Apt. Complexes 0.0
Mobile Homes 24.3
Other 0.0

Home Size

SIZE OF Eclectic HOMES
No Bedroom 0.78
1 Bedroom 2.61
2 Bedrooms 28.72
3 Bedrooms 55.35
4 Bedrooms 12.01
5 or more bedrooms 0.52

Eclectic Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
43.92% 2.13% 9 5
* 10 is highest

Popular Neighborhoods in Eclectic

Zip Codes in Eclectic, AL