Heflin, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Heflin, 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

Heflin Housing Market Information

With 3,499 people, 1,402 houses or apartments, and a median cost of homes of $110,763, house prices in Heflin are solidly below the national average.

Single-family detached homes are the single most common housing type in Heflin, accounting for 53.35% of the city's housing units. Other types of housing that are prevalent in Heflin include mobile homes or trailers ( 18.62%), duplexes, homes converted to apartments or other small apartment buildings ( 16.61%), and a few large apartment complexes or high rise apartments ( 10.78%).

The most prevalent building size and type in Heflin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.73% owning and 45.27% renting.

There is a lot of housing in Heflin 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 Heflin built between 1940-1969 ( 23.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.28%). There's also some housing in Heflin built before 1939 ( 5.96%).

Vacant housing appears to be an issue in Heflin. Fully 12.10% of the housing stock is classified as vacant. Left unchecked, vacant Heflin homes and apartments can be a drag on the real estate market, holding Heflin 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.

Heflin Home Appreciation Rates

Heflin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Heflin during the period has been just -1.71%, which is lower than 80% of US communities.

Over the last year, Heflin appreciation rates have trailed the rest of the nation. In the last twelve months, Heflin's appreciation rate has been 0.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Heflin were at 0.55%, which equates to an annual appreciation rate of 2.22%.

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

Average Home Values

 

Median Home Value:
$110,763

Heflin, AL HOME PRICES

Value Range
> $956,000 0.0
$717,001 - $956,000 0.0
$478,001 - $717,000 0.1
$382,001 - $478,000 0.0
$287,001 - $382,000 6.7
$192,001 - $287,000 15.6
$95,001 - $192,000 32.4
$48,001 - $95,000 22.2
$0 - $48,000 22.9

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
70.9129262861831 45.25

Number Of Homes And Apartments:
1,402

Heflin 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
4.51% 0.26% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$635 / per month

Homeownership Rate

Homeownership
Owners 54.73
Renters 45.27
Vacant 12.10

Housing Market Details

 

Age of Homes

AGE OF Heflin HOMES
2000 or Newer 9.3
1970 - 1999 61.4
1940 - 1969 23.4
1939 or Older 6.0

Types of Homes

TYPE OF Heflin HOMES
Single-Family 53.4
Townhomes 0.6
Small Apt. Buildings 16.6
Apt. Complexes 10.8
Mobile Homes 18.6
Other 0.0

Home Size

SIZE OF Heflin HOMES
No Bedroom 11.54
1 Bedroom 6.46
2 Bedrooms 24.83
3 Bedrooms 42.88
4 Bedrooms 11.66
5 or more bedrooms 2.63

Popular Neighborhoods in Heflin

Zip Codes in Heflin, AL